With employees preferring to play it safe, India’s top IT companies reported lowest attrition numbers in the December quarter. Tata Consultancy Services registered its lowest-ever attrition, while HCL Technologies and Wipro reported a three-year low.
Yugal Joshi, Vice-President, Everest Group, a research firm, said employees do not want to leave their employer at this point of time given the uncertainty. Also, as demand picks up, they are getting deployed into projects, and therefore, either do not want or cannot leave their employer. But they are staying mostly because things are now looking up.