Kerala IT sector hits lowest attrition rate
Friday, 19 October 2007, 19:30 IST
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Thiruvananthapuram: In a sector that has high attrition rates, Kerala's IT sector has shown the way. At a mere seven percent, its attrition rate is the lowest in the country. "In other states, the attrition rate is as high as 20 percent. In terms of companies in this sector and in terms of number of employees, Kerala's IT sector has grown dramatically. Today in Technopark, there are 127 big and small companies which employ around 17,000 professionals," said Sunil Gupta, president of Gtech, an association of IT companies in the Technopark campus here. Better opportunities, good pay-scales and a preference to stay near their families have contributed to this rate, he said. The other big IT centre in the state is Kochi, employing around 10,000 professionals. Gupta denied news reports that GTech has clamped a ban on professionals leaving one firm and joining another in the Technopark campus. "In our Gtech, there are 45 big IT firms and we do have an understanding that our members will not take any employee who leaves within three years of joining a firm. This is because companies provide training, which costs a lot. This is only for three years. The situation is the same in the Hyderabad IT park," said Gupta. Top Technopark official M. Vasudevan agreed that this was a healthy condition and, barring Infosys, most major companies follow this rule. "We are not sure how we can intervene in this issue," said Vasudevan. IT sector in Kerala is growing at a tremendous rate, with the software exports touching 10 billion this year. With the proposed 15 billion Smart City project to come up at Kochi, to be built by Dubai Internet City, the sector is expected to register a huge boom. Chief Minister V.S. Achuthanandan has also cleared the Technocity project to come up in a 507-acre campus, near the Technopark.
Source: IANS
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