Attrition threat plateauing: Nasscom
IT cos hired more people than planned, given out retention bonuses or increments, promoted or trained the staff and taken a slew of other HR initiatives to retain people, which further impacted profit margins
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Mumbai: Indian software industry lobby Nasscom on Tuesday said the problem of attrition afflicting the Indian IT sector may have hit its peak.
Its vice-chairman Krishnan Ramanujam said if one looks at the data from the top-10 IT companies for the December quarter announced recently, attrition levels seem to be plateauing if not trending down.
"Maybe there is hope that we are at the peak and hopefully it will get better from here on," Ramanujam, who serves as the president and head of business and technology services at the largest IT exporter, TCS, told reporters at Nasscom's strategic review press conference.
