Attrition to continue to spike even as IT biggies reduce hiring: Experts

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time.

It will take another few quarters for the pace of employees voluntarily leaving companies in the information technology (IT) sector to come down meaningfully. Human resource (HR) and industry experts point out that the demand for skilled talent remains high — not only from services players but from multinational corporations (MNCs) as well, keeping attrition levels above 20 per cent for 2022-23 (FY23).

The top four Indian IT players have offered diverse comments on attrition, although attrition tapering seems the underlying component.

Tata Consultancy Services (TCS) — the country’s largest services player — said for attrition to go below 20