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India Inc to witness high level of attrition in 2010

Source: PTI
January 04, 2010 15:14 IST
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Working womenWith the revival of the job market India Inc is all set to witness a significant jump in attrition levels as well, especially in sectors like aviation, information technology and business process outsourcing, executives search firm GlobalHunt India said on Monday.

"Attrition is a sign that there is a growth in the industry. Attrition will go up, the moment the job market picks up," GlobalHunt India director Sunil Goel said, adding that sectors such as business process outsourcing as well as information technology and aviation were likely to see the maximum attrition.

The year 2009, was one of the worst years in terms of job market as terms such as 'layoffs', 'pink-slips', 'right sizing' became hot topics in household discussions.

The later part of 2009, however, saw signs of revival reflecting improving sentiment in India.

The International Labour Organisation also reported that as many as 500,000 jobs were created in the third quarter following the government's stimulus measures.

Besides, according to global staffing services firm Manpower, recruitment pace is expected to return to the pre-recession level this year and corporate India's hiring outlook has risen across all sectors.

Job seekers in the services, public administration, education, mining and construction, finance, insurance, real estate, and the wholesale and retail trade sector, could look forward to the most favourable hiring environment in 2010, Manpower had said.

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