IT majors rejig retention strategy as more junior staff head for exit door

If acquiring talent is a challenge, retaining them is even more daunting as IT companies continue to grapple with the issue of attrition, especially among freshers who tend to leave the company in less than five years.

These relative newcomers account for the bulk of the attrition which ranges between 15-20 per cent for companies like Cognizant, Wipro and Infosys and about 11 per cent for Tata Consultancy Services (TCS).

This has forced companies to devise appropriate policies in a bid to arrest the attrition among freshers.

Infosys is rolling out an incentive scheme this year for employees who have excellent digital skills and Wipro has a ‘merit salary increase’ coming up in June to take care of the youngsters.