#Attrition in it sector software#

However, before we dive into that, let’s take a peek at how the top IT firms are scaling their headcount and if there is a trend to be captured.

#Attrition in it sector software#

Given that the top four Indian IT companies employ nearly 1.5 million people across the globe, this also means almost 3 lakh people are quitting jobs every year from the most prominent software services companies alone.īut there seems to be a silver lining for HR managers, as data shared by the IT firms for the second quarter ended September 30 shows. This reflected both in terms of pay packets and wage bills but more from the attrition as the legacy IT services sector became the favourite hunting ground for tech talent. The unprecedented demand led to a war for talent. In many sectors, the great resignation was accelerated due to the need for digital transformation in their processes. HCL, too, seems to have managed to control the resignation drive with its attrition level remaining at the same level as Q1 FY23. While the level peaked for Infosys in the first quarter that ended June 30, for Wipro, this is the second quarter of decline in attrition percentage. This is almost double the level they had a couple of years back.įor Infosys and Wipro, attrition has shrunk to the lowest level in three quarters.

Over the last few quarters, the attrition levels only picked up the pace with the top IT firms seeing on average a fifth of their workforce moving out on an annualised basis.

They were then hit by the ‘great resignation’ or attrition, as demand for tech talent catapulted not just within the industry and from startups loaded with cash from venture capital backers, but also from other sectors. On the one hand, human resource desks were hit by the need to take care of the employees physically and mentally even when they were not at their workplace, as health concerns mounted, especially during the brutal second wave of the coronavirus last year. The last two and a half years of the Covid-19 pandemic have brought about unprecedented challenges to human capital managers.