Many firms see a spike in the attrition rates with a big shift towards digital services. The Indian IT sector is witnessing a multiyear growth phase due to the accelerated adoption of digital technologies for various digital services. During Covid-19. Because of this upsurge, a demand and supply mismatch can be seen in the digital skill with demand far outstripping the available pool of talent. Due to this the attrition rate at Wipro currently has increased to 15.5 percent from 11 percent., whereas in Infosys it is up to 13.9 percent from 7.8 percent and at the L&T Infotech it increased to 15.2 percent from 13.5 percent, on the other hand, TCS has managed to bring the attrition rate marginally to 8.6 percent from 8.9 percent.
Sanjay Jalona, CEO & M, LTI said, “The market is extremely hot opportunities, attrition tare of everyone in the industry is high”.
Source: thehindubusinessline.com