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Hyderabad: The attrition rate is plaguing the IT companies around the world tremendously. As a result, the IT companies are having a hard time retaining those employees as they are quitting the jobs for better offers, or leaving the jobs as they wanted to enter the field of their choice. In this context, the domestic tech giants have laid out a master plan to reduce the attrition rate.
Due to Covid-19, the demand for the IT sector has increased tremendously nationally and internationally. In addition, the opportunities in terms of technology have increased exponentially. That’s why employees are taking advantage of the opportunities that come their way.
Receiving offers coming from other companies. As a result, the IT sector is severely plagued by staff crunch. Leading tech giants have been working to reduce the attrition rate and select employees with skills in the fields of Digital, Data Science, Machine Learning, Artificial Intelligence, Blockchain Technology and Cloud Computing.
As part of this, companies like Wipro, Cognizant, MindTree, Tech Mahindra and Emphasis are announcing special bonuses to their employees. Allocating the company stocks (ESOPS), conducting skill development training specifically to make an existing job smarter, or doing a project in another department specifically, encouraging them to work in a department of their choice in the same company if they have trouble liking the job they are doing, allowing them to study higher education, providing facility to work home or to work from anywhere.
IT companies expect to reduce the attrition rate completely. IT experts believe that employees are also more likely to accept these offers
