“They are looking at F&B as a tool to attract more employees to the office and we are helping them there,” says Sandipan Mitra, CEO of Hungerbox, which caters to clients like Microsoft, Accenture etc.
The Indian IT industry has been struggling to retain talent and for a few quarters now, the top IT companies are reporting over 20% attrition rate.
HCL on Tuesday posted a 2.4% increase in its net profit at Rs 3,283 crore for the first quarter ended June 2022. Its net profit in the year-ago period was Rs 3,205 crore.
The IT company, which announced a hiring target of 40,000 for FY23, said it is on track to hire the same numbers.
IT, healthcare and tech startups will incur an outlay of nearly Rs 8-Rs 12 lakh to rope in freshers for a wide variety of skill-based roles across the country, according to Randstad’s salary trends.
Stress, burnout and lack of flexible work are the main reasons for attrition among women employees, according to a Deloitte report released on Monday..
The war for talent has been continuing, as Infosys’ voluntary attrition rate for the last 12 months (LTM) stood at 27.7% at the end of March 31, 2022.
In a worrying trend for employers, more people may leave their jobs this year as compared to last year as the attrition gains momentum in 2022, according to a study released on Monday.
Many companies have reported over 20 per cent attrition in the recent quarters, ever since the greater demand for digitization from companies across the world.
For a few quarters now, IT companies have been reporting at least 20% increase in attrition rate, and this is said to continue till the middle of next fiscal.
Managers on a desperate hunt to retain talent as jop offers galore
Students who join a company through campus placements have a tendency to quit the job early.
Sikka said the analysis by the company and some other recruiting firms revealed that Infosys was "far lower in terms of executive attrition than other companies".