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Attrition Rates in IT Sector
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Retention Home » Attrition Rates in IT Sector
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Almost every sector in India is facing high rates of attrition these days. A recent study revealed that employees leave either because of compensation reasons or due to better growth opportunities. According to NASSCOM, Indian IT-ITES industry recorded US$ 39.6 billion in revenues in 2006-07. The revenue of US$ 49-50 billion has been projected in 2007-08 at a growth rate of 24-27 per cent. The IT industry's contribution to GDP was 4.8 per cent in 2005-06.
Though the IT/ITES sector is booming, it is constantly facing high attrition rates of 25% - 30%. Even the big brands are also facing the same problem. Below are the details of attrition rates of various players
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in IT sector. According to the survey conducted by BES and Data Quest, Sierra Atlantic recorded highest attrition rate (29%) followed by Kanbay with 25% and Accel Frontline with 20 per cent.
Rank |
Company |
Attrition rate (FY 06) |
1 |
Sierra Atlantic |
29% |
2 |
Kanbay |
25% |
3 |
Accel Frontline |
20% |
4 |
Sasken |
19% |
5 |
Nucleus |
18% |
6 |
Geometric |
18% |
7 |
Flextronics |
18% |
8 |
HCL Infosys |
16% |
9 |
Induslogic |
16% |
10 |
NIIT Technologies |
15% |
11 |
Cybage |
15% |
12 |
Wipro |
13% |
13 |
Hexaware |
13% |
14 |
Computer Sciences Corp |
12% |
15 |
Infosys |
10% |
16 |
TCS |
9% |
17 |
Interra |
9% |
18 |
RMSI |
8% |
19 |
Cadence |
8% |
20 |
Aztecsoft |
6% |
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*BES Survey 2006 Source: DQ-IDC |
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