The industry has seen an almost 30-35 percent growth in the recruitment of these skills this year. Cloud engineers, data scientists, cybersecurity officials, experts in artificial intelligence, machine learning, cloud computing, big data and automation are in high demand. With the onset of the pandemic, Indian IT companies are now seeking to build newer business models based on user data and transactions to grow business.The new models have led to an increase in the demand for professionals trained and equipped to work on such projects. IT companies have seen improved bottom lines since the December quarter as workforces have shifted online, he added. Changing business modelsĮarlier, Infosys Chief Operating Officer Pravin Rao said the high attrition reflects the strong demand environment. Industry analysts anticipate a 22-23% attrition rate in 2021, which works out to one million resignations on a projected base of 4.6 million IT employees. Meanwhile, the attrition rates of analytics professionals in India stood at 16.0% in 2020, dropping from 30.7% in 2019.Īlso read: Analytics India Attrition Study 2021 Infosys has recorded an attrition rate of 15.2%, and Wipro’s attrition rate stood at 12.1% in the fourth quarter. The attrition rate of Cognizant is at 21% for the Jan to March quarter of 2021, in contrast to 19% in the same quarter last year. Employees were already seeing 50 to 70 percent hikes in April this year, and the demand has been soaring ever since. After the low attrition rates last year in the wake of the pandemic-induced slowdown, the IT job market is picking up pace again. As a result, the tech biggies are facing issues in executing projects. The attrition rate of leading IT firms in India is now at an all-time high.
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