EMI-driven retention

Many an HR expert says attrition in sectors such as information technology (IT) and IT enabled services is often the result of people changing jobs to keep up with their rising equated monthly instalment (EMI) payments. Oddly, the same reason appears to explain higher retention in slower-growing sectors too. HR professionals now refer to the trend as "EMI-driven retention", because it has nothing to do with the efforts of HR managers.