BENGALURU: 2015 may witness growth in sectors like ITeS, IT, and Software. Growth is expected in all the industry sectors; it is estimated that a lot of jobs will appear in the market as a result of improving economic conditions. It is also expected that the attrition level will increase in all the sectors to a range of 15-20 percent. More number of employees will switch from their existing jobs, as there will be much more attractive offers in the market, reports by TOI.

Global Hunt’s managing director, Sunil Goel expressed his opinion on this matter, by saying that the recovery of the international economy and the stability of the market will draw the attention of a huge number of startups in the market and the talented employees will shift from their current industries.

This growth in attrition will be noticed in all the three levels namely leadership, mid and lateral level. There will be an average of 15-20 percent growth in attrition, which may even increase up to 20-25 percent in sectors like IT and ITeS. On the other hand, the sectors like pharmaceuticals, aviation, agriculture and the companies with fast moving consumer goods will experience a less amount of job switch.

Goel said, “It will be interesting to watch the manufacturing sector grow due to ‘Make in India’ approach by the government, since this industry used to face least attrition but the new projects coming in can take it to the highest attrition affected industry; however we have to see if it happens this year or in 2016.”

Hussain Tinwala, the general manager of TeamLease services says that the attrition level that was 5-6 percent last year will rise to 8 percent this year.
This year it will be tough for the HR to motivate and draw the attention of the workers towards current job as well as increase productivity. Losing talents to other organizations and again training the new employees will cost companies a lot.

Sectors like PSU, OEMs, CRO, and infrastructure will not see such a big rate of loss.

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