High attrition in IT & ITES Companies in Q1
19. Jul, 2011 
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According to a study conducted by MyHiringClub.com, the IT and ITES sectors saw the highest attrition rate of 23 % in the first quarter of 2010-11. The banking and financial services sector witnessed an attrition rate of 18 per cent, healthcare 12 %, FMCG 11 % and automobiles and manufacturing 11 %. The main reason for switching a job is pay packages 21 %, followed by career level growth 16 %, dissatisfaction with supervisors 15 % and work pressure 14 %.
As per the study reported in the Economic Times, employees with experience of up to five years had the highest attrition rate of 39 per cent, while it was 27 per cent for those with 5-10 years of experience and 22 per cent in the 10-15 years’ experience bracket. Interestingly, senior-level employees (experience more than 15 years) had a very low attrition rate of 15 per cent.[Curtesy - ET]
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