The levels of attrition in Indian is among the highest in the world and a 2012 Towers Watson study revealed that at the present levels of attrition, an organisation in 2020 will have only 22% of the employees it had in 2012. Attrition is at all levels, more in junior customer-facing jobs. One of the key reasons for attrition is the sprouting of new industries with GDP growing at more than 5%. Talent in established industries is raided to staff newer industries. FMCG is the talent bank in India, funding telecom, retail, health and entertainment industries.
Read the Economic Times news article here.