Beating the Talent Crunch to Drive Business Revenue and Profit | In the News

The ‘Great Resignation’, the ‘Big Quit’, the ‘Great Reshuffle’ – whatever you call it, this phenomenon describing the surge in people quitting their jobs during the pandemic has caused havoc at organizations. Although the tech industry is now facing a wave of job cuts as profits and revenue fall, businesses are nonetheless still grappling with a high attrition rate. In India, that rate is between 23% and 28%. A study by the Everest Group, indicates that India is experiencing an acute talent crunch of 39% in IT and engineering, while the US is at 45%, and Western Europe (including the UK and Ireland) at 43%.

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