Highest attrition in Bangalore, Hyderabad and Chennai
By siliconindia   |   Friday, 15 July 2011, 01:09 IST   |    10 Comments
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Highest attrition in Bangalore, Hyderabad and Chennai
Bangalore: In the last twelve months the companies in Bangalore, Hyderabad and Chennai is finding hard to keep a hold of their young employees as the attrition levels are at 15 percent which is said to be the highest in the country, reports Avinash Nair for Economic Times. A recent survey conducted by TeamLease Services Pvt Ltd showed that the attrition rate in these cities of South India that have a significant concentration of IT and ITES firms have the highest attrition rates. "While on an average, attrition hovers around 8-10% in most organizations, in IT companies and BPOs - where most staffers are in their early 20s - attrition is astonishingly high," says Sangeeta Lala, co-founder and vice-president, TeamLease Services. "As the markets have opened up post-recession, companies are grappling with the key issue of holding on to their young employees. This is adding to the high attrition rates across sectors." she says adding that companies are desperate to hire people.

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