Attrition rate touches 20 per cent at India Inc

15 Jun 2007

New Delhi: The attrition rate has crossed 20 per cent in the manufacturing sector while the services sector is facing 40 per cent attrition, according to an ASSOCHAM study.

The ASSOCHAM Business Barometer Survey on ''Attrition Problem in a Growing Economy'' revealed that maximum attrition is taking place among employees in the age group of 26-30 years, while those with an experience of 2-4 years were job-hopping the most, the survey covering 160 HR heads noted.

The survey found that women employees were less prone to job changing compared to men as for every 10 men leaving jobs there were only two women crossing over.

Even if women face the pressure of balancing the management of their families and workplace, they tend to be more stable than their male colleagues 52 per cent of HR managers surveyed said.

The immediate gains in salary package was found to be responsible for job change in 61 per cent of the cases, growth potential was also rated quite high as an important reason.