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GREAT ATTRITION
India Inc's attrition rates in 2024 hit lowest point since 2020 amid subdued hiring environment, market uncertaintiesAttrition levels in India Inc dropped to 17.4% in 2024, the lowest since 2020, due to reduced hiring, layoffs, and economic uncertainty. Th...- Sa-Dhan joins hands with IIBF to develop a certification course in microfinance sectorSa-Dhan has partnered with the Indian Institute of Banking & Finance (IIBF) to create a certification course for job seekers in the microfi...
- Top Indian unicorns continue to add talent despite funding, growth challengesData from top 15 unicorns by talent movements– including the likes of BigBasket, Delhivery, Flipkart, IndiaMART, Meesho, Ola, PhonePe, Swig...
- Fewer workers exit India cos on global economic woes; attrition rate improves in 2023Lack of growth opportunities, inadequate compensation, job recognition programmes, workplace culture and poor work-life balance were the to...
- Attrition levels drop as executives stay put in uncertain business environmentAttrition rates at India Inc decreased to 17% in 2023 from 19.7% in 2022, influenced by a subdued job market, macroeconomic challenges, sec...
- For HR, eight is enoughAdopt agile principles to ensure strict prioritisation of HR's existing capacity and swift resource reallocation when needed. Excel along t...
- Wipro should relook at the strategy of salary cuts for freshers: TV Mohandas PaiSo I do not think they should do it and I feel a bit upset that a great company like Wipro is doing it. I am okay with deferring one or two...
- Manufacturing, services log 8.27 per cent attrition in Q3: ReportWith a continuance of the 'Great Churn', attrition across industries witnessed a 0.46 percentage point increase from an average of 7.81 per...
- Financial services battle flight of talent to lucrative sectorsThe Aon analysis also showed that overall attrition in the banking segment is 24.7% between January and September, with domestic banks show...
- In mid and senior level, IT cos seeing lower cost replacement hiring: Ramani Dathi, Teamlease Services“As far as the Indian IT services and the product and capital companies are concerned, we have not started seeing any massive layoffs as of...
- Why is Mahantesh Sabarad cautious on TCS’ margin guidance?"Margin improvement will definitely happen, but moving towards 26-27% is a big challenge and when it comes to the supply-side situation, un...
- Employees at the highest risk of quitting in first year of tenure, finds new dataEmployee experience and people analytics company inFeedo helps CHROs and their teams uncover the reality behind their work culture and buil...
- Four in 10 employees want to resign from current organisation post-increment: SurveyThe three sectors that include a majority of workers contemplating resignation are service (37%), manufacturing (31%), and IT (27%), accord...
- Staffing companies make hay as tech firms scramble for talentTwo of India’s largest staffing firms - Quess Corp and Teamlease Services - say their double-digit revenue growth will continue in the ongo...
- Pay hikes in India may go back to pre-Covid levelsCompanies are upbeat about the economy and consumer confidence as most see Covid-19 as being unlikely to have an impact on the business cyc...
- HCL Technologies seeks to arrest attrition with ‘hire to retire’ platformHCL Technologies, to stem its soaring attrition rates, is revamping its internal technology interface to gauge employee sentiment better an...
- IT firms look to stop talent leak with promotions, better hikesInfosys and Cognizant saw attrition cross 20%, implying that they are now losing a fifth of their workforce.
- Infosys appoints Krish Shankar head of global HR, attrition rate drops to 14.1 per centKrish Shankar's appointment comes at a time when CEO Vishal Sikka is looking to change how Infosys handles its employees.
- Best companies to work for 2013: With endearing HR practices, Marriott Hotels India beats industry attritionAs an international chain, Marriott has given opportunities to grow not only within India, but also in regions like the Middle East and Aus...
- Best companies to work for 2013: Organisations rely on HR to engage staff, says Bobby Kuriakose, Forbes MarshallNo great organisation can have a HR team handling its HR role without the involvement of line managers and this includes the senior leaders...
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