News: Attrition levels fall due to uncertain economic environment

C-Suite

Attrition levels fall due to uncertain economic environment

According to MyHiringClub.com India Inc has witnessed a sharp decline in the attrition levels during the April-June quarter as employees are becoming cautious about changing jobs due to uncertain economic environment. HR consultants believe the trend might continue in the current and next quarter as well. As per the study conducted by MyHiringClub.com, average attrition rate in the first quarter of the current fiscal (2012-13) stood at 17 percent, a five per cent decline from the preceding quarter. Among the 11 industries surveyed, aviation and hospitality sectors have seen highest attrition rates among employees, while the rate is lowest among automobile and manufacturing areas. However, all these sectors have witnessed a decline in attrition compared to previous quarter.

According to MyHiringClub.com India Inc has witnessed a sharp decline in the attrition levels during the April-June quarter as employees are becoming cautious about changing jobs due to uncertain economic environment. HR consultants believe the trend might continue in the current and next quarter as well. As per the study conducted by MyHiringClub.com, average attrition rate in the first quarter of the current fiscal (2012-13) stood at 17 percent, a five per cent decline from the preceding quarter. Among the 11 industries surveyed, aviation and hospitality sectors have seen highest attrition rates among employees, while the rate is lowest among automobile and manufacturing areas. However, all these sectors have witnessed a decline in attrition compared to previous quarter.

Source: The Economic Times

Read full story

Topics: C-Suite, #Updates

Did you find this story helpful?

Author

QUICK POLL

Post-COVID, which aspect of work will technology impact the most?

2 months free subscription
q_auto,f_auto/v1593523489/mag-july-2020.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

Interested in daily dose of short & crisp insights from the world of work?