NEW DELHI: With the revival of the job market, India Inc is all set to witness a significant jump in attrition levels, especially in sectors like aviation, information technology and business process outsourcing, executives search firm GlobalHunt India said today.
"Attrition is a sign that there is a growth in the industry. Attrition will go up the moment the job market picks up," GlobalHunt India director Sunil Goel said, adding
that sectors such as BPO as well as IT and aviation were likely to see the maximum attrition.
2009 was one of the worst years in terms of job market as terms such as layoffs, pink slips and right sizing became hot topics in household discussions. The later part of 2009, however, saw signs of revival reflecting improving sentiment in India.
International Labour Organisation also reported that as many as five lakh jobs were created in the third quarter following the government's stimulus measures.
According to global staffing services firm Manpower, the recruitment pace is expected to return to the pre-recession level this year, and corporate India's hiring outlook has risen across all sectors.