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Attrition Rates in IT Sector

 
Almost every sector in India is facing high rates of attrition these days. A recent study revealed that employees leave either because of compensation reasons or due to better growth opportunities. According to NASSCOM, Indian IT-ITES industry recorded US$ 39.6 billion in revenues in 2006-07. The revenue of US$ 49-50 billion has been projected in 2007-08 at a growth rate of 24-27 per cent. The IT industry's contribution to GDP was 4.8 per cent in 2005-06.

Though the IT/ITES sector is booming, it is constantly facing high attrition rates of 25% - 30%. Even the big brands are also facing the same problem. Below are the details of attrition rates of various players
in IT sector. According to the survey conducted by BES and Data Quest, Sierra Atlantic recorded highest attrition rate (29%) followed by Kanbay with 25% and Accel Frontline with 20 per cent.


Rank

Company

Attrition rate (FY 06)

1

Sierra Atlantic

29%

2

Kanbay

25%

3

Accel Frontline

20%

4

Sasken

19%

5

Nucleus

18%

6

Geometric

18%

7

Flextronics

18%

8

HCL Infosys

16%

9

Induslogic

16%

10

NIIT Technologies

15%

11

Cybage

15%

12

Wipro

13%

13

Hexaware

13%

14

Computer Sciences Corp

12%

15

Infosys

10%

16

TCS

9%

17

Interra

9%

18

RMSI

8%

19

Cadence

8%

20

Aztecsoft

6%

 

 

 

*BES Survey 2006 Source: DQ-IDC



    Attrition Rates In IT Sector



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