High attrition rate in small companies ?

Attrition rates describe the rate at which employees leave a company. High attrition rates are a problem in many industries, especially in the IT industry. It is being observed that employees keep on switching their jobs in search of better opportunities.

This was proved during our best employer survey or BES 2012. Among various parameters attrition was one of the notable one. It was observed that the companies which fall in the cap of more than 2,000 employees have less attrition rate as compared to the companies having less than 2,000 employees.

It was observed that during global economic turmoil companies having less than 2,000 employees was not able to retain their employees whereas the companies more than 2,000 employees provide adequate training and work experience to employees. Beside this they have also give high salary hikes and promotion to put check on rising attrition rate.

 

 

Average attrition rate in the industry among IT companies is found to be

For >2,000 employees - 13%

For < 2,000 employees - 19%