Major IT firm in India are experiencing a sudden fall in the attrition levels. Available reports show that the rate of at India’s second largest IT firm in terms of software export, Infosys Technologies has declined from 17 per cent to 15.6 per cent during the last two fiscal quarters. At Tata Consultancy Services (TCS), the country’s largest IT firm, the attrition rate dropped from a high of 14.8 per cent in the fiscal quarter ended on June 30, to 13.7 per cent in the quarter that closed on September 30. Meanwhile, the attrition rate at mid-size IT firm MindTree dropped from 25.6 per cent in June last to 21.7 per cent in the quarter ended on September 30. Now what should be attributed as a cause? There are companies like Wipro who believe that this drop is because of the efforts of their HR departments. In Wipro the attrition level is down by 4.7%. In a recent interview (link) the CEO attributed to their success to variable pay and other HR efforts. Many industry experts however...
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