IT cos turn tough on notice periods for employees

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IT cos turn tough on notice periods for employees
New Delhi: A large number of IT companies are becoming more strict with departing employees and are asking them to serve the full notice period to ensure that business activities are not affected by a sudden shortage of manpower. IT companies, whose revenues primarily depend on projects from their clients with a time-bound delivery, face serious risks to their businesses if skilled staff make a sudden exit, HR experts said. "Now with the revival in the job market, companies want to hold on to their employees with critical skills and so they may be becoming stricter with regard to serving of full notice periods," Ma Foi Randstad President (Staffing/Selection & Training) E Balaji said. "The trend of asking employees to serve the full notice period is being followed by many IT services companies.
Source: PTI