Business Matters | Why are so many IT employees quitting?

The Indian IT services industry is again going through a phase of high attrition, that is, employees voluntarily leaving their employers. Take Infosys and TCS, for example. At the end of the March quarter, TCS’s voluntary attrition on a trailing 12 months’ basis for IT services was 17.4% vs 7.2% a year earlier. Infosys’s was 27.7%. Compare this with 10.9% in March 2021. That is, for every 100 employees, if only 11 of them walked away in March 2021, merely a year later, 28 are quitting. Theoretically, in slightly less than 4 years, you will have a completely different set of faces manning the company. Why is this a problem? How long will this last? Thank you for watching our video! You can subscribe to our channel here: https://bit.ly/3c8Adi6 Visit https://www.thehindu.com/ for the latest updates, analysis, opinions, and more. You can also download our apps: Android: https://bit.ly/3nboBEi iOs: https://apple.co/3EDCwt4 The Hindu is committed to keeping you up-to-date with information on the developments in India and the world. We promise to deliver quality journalism that stays away from vested interest and political propaganda. You can support us by subscribing to our digital offerings here: https://bit.ly/3emywiz Follow us: Twitter:   / the_hindu   Instagram:   / the_hindu