Has attrition in IT companies, which touched record levels in the March 2022 quarter, peaked? This question is being debated among experts in both the IT and HR sectors. Tata Consultancy Services, Infosys, HCL Technologies and Mindtree saw their attrition levels double (in percentage terms) in the quarter ended March 31, 2022, against the same quarter in the previous year. Cognizant and L&T Infotech (LTI) were not far behind. Their attrition nearly doubled.
The increase in attrition is an industry-wide phenomenon. However, its magnitude in the last two quarters has left everybody worrying as ‘war for talent’ continues to be the most-talked-about in company board rooms, experts say.
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