Corporate India reeling under continuous attrition: survey

New Delhi: Even as corporate India spreads its wings abroad more and more, the services sectors continue to face large-scale attrition of skilled manpower resulting in manpower shortage, says a survey.
Sectors such as IT and IT-enabled services, civil aviation, financial services, retail and engineering are all facing huge manpower shortage due to increasing attrition, said the survey done by the Associated Chambers of Commerce and Industry of India (Assocham).
In the country’s aviation sector, the level of attrition is 46 per cent amongst pilots and cabin crew due to growing opportunities and more avenues in the sector.
The survey also highlighted that maximum attrition was seen among employees in the age group of 26 to 30 years. It found that employees who are most vulnerable to change are with experience ranging between two to four years.
Employees within the age group of 39 to 45 were found to be most stable in their jobs. Interestingly, the survey also showed that the frequency of changing jobs was more prevalent in women than their male counterparts.
19/08/07 Indo-Asian News Service/Hindustan Times