"There is a lot of pent up anxiety that has been built up in the entire work from home model and on top of that you bring the opportunity that is coming in this sector, purely from the way the technology sector is shaping up" says Jang Bahadur Singh the Head of IT Sector at AON India. Some experts also believe that the Work from Home or Hybrid model can be the reason behind the high resignation. So in a way I would look at the great resignation as a great opportunity for India" I feel that because of which there is a demand-supply gap and there is an increased opportunity for the talent available. So there is limited available skilled talent has to cater to all these areas. There is also an increase in GCCs, the captive centres in India. So lot of jobs from the top 3 services organizations have moved to these startups. " India's startup ecosystem has seen a boom of late, it has already created around 1.7 lakh jobs. While speaking to ET NOW Sunil C, Head- Specialised Staffing at TeamLease Digital feels that there is a demand-supply gap, however, the this gap can be seen as an opportunity for the existing talent. What then is driving this 'Great Resignation'? This rise is the highest in the last decade also marking a sharp increase from the 2020 rate of about 12%. In fact, Infosys reported an attrition rate of 25% for Q3, while Wipro reported a 22.7% attrition. Top IT companies like TCS, Infosys, Wipro and others have been struggling with high attrition rates of about 20-25% in the last quarter. Mumbai: If the Information Technology sector has been among the top job creators in the country, it also accounts for a significant amount of attrition. Tourism sector has seen nearly 60% of workers move on to other, more stable work during the course of the pandemic.
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