News: Hospitality and aviation witness high attrition

Employee Engagement

Hospitality and aviation witness high attrition

A study conducted by MyHiringClub.com finds that hospitality and aviation sectors are witnessing the highest attrition rates among employees, making retention of critical manpower resources a key challenge. The average attrition rate in aviation and hospitality in fourth quarter of 2011-12 was 22 per cent across sector, a rate that has increased by 8 per cent from a year ago. The reasons for increased levels of attrition include delay in salaries, job insecurities, little concern for employee welfare and more so the perception of being poor pay masters. In comparison, attrition rates in IT and ITeS sector had fallen from 24 per cent in fourth quarter 2010-11 to 18 per cent in same period in 2011-12. Similarly, in the auto sector, attrition rates fell to 10 per cent in January-March quarter from 11 per cent in the corresponding period in 2010-11.

A study conducted by MyHiringClub.com finds that hospitality and aviation sectors are witnessing the highest attrition rates among employees, making retention of critical manpower resources a key challenge. The average attrition rate in aviation and hospitality in fourth quarter of 2011-12 was 22 per cent across sector, a rate that has increased by 8 per cent from a year ago. The reasons for increased levels of attrition include delay in salaries, job insecurities, little concern for employee welfare and more so the perception of being poor pay masters. In comparison, attrition rates in IT and ITeS sector had fallen from 24 per cent in fourth quarter 2010-11 to 18 per cent in same period in 2011-12. Similarly, in the auto sector, attrition rates fell to 10 per cent in January-March quarter from 11 per cent in the corresponding period in 2010-11.

Source: The Economic Times

Read full story

Topics: Employee Engagement, #Updates

Did you find this story helpful?

Author

QUICK POLL

What is your top focus area for reinventing work in the hybrid world of work?

Can we take a more holistic view of how we reward people?

READ our latest issue for a broadened perspective.