It is likely to rise further in the coming months, according a survey by recruitment platform MyHiringClub.com.
The average attrition rate grew at 21 per cent in Indian firms during July-September quarter, a rise of 4 percentage points from the preceding quarter (April-June).
"Almost in every industry we had seen attrition rate increase in second quarter of current fiscal year.
"Major reason for increment in attrition rate is recruitment market is now started gaining momentum to keep in mind of generating more business in current financial year," MyHiringClub.com CEO Rajesh Kumar said.
"Many employees report 'better compensation' as one of their main reasons for leaving. Besides, other reasons prompted them to consider leaving their current job, such as the absence of professional
India slip to third place in ICC T20 rankings
Slipper attack on Bihar CM Nitish Kumar
Prices may shoot up with new FMCG packaging norms
Nissan plans SMALL CAR made entirely in India
Another security breach at Mumbai airport