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