Big bucks can’t keep execs back
In her resignation letter, IT professional, Shaheen Ansari (name changed on request) wrote that she quit because her abusive boss interfered with her work, reports Soubhik Mitra.india Updated: Mar 12, 2008 01:42 IST
In her resignation letter, IT professional, Shaheen Ansari (name changed on request) wrote that she quit because her abusive boss interfered with her work.
An online survey by referral recruitment portal www.yellojobs.com says 42.18 per cent Indian employees quit their jobs because of bad bosses. “The company gave me 40 per cent increments for five consecutive years. Still I quit to get rid of her,” said Ansari.
The survey polled around 9,000 white-collar professionals working in various spheres from banking to IT. Office politics forced 16 per cent respondents to quit.
Vikramjit Singh Sahaye of yellojobs.com says, “Employee retention is gaining focus. Retaining talent makes commercial sense and helps improve project efficiency.”
Pandia Ranjan, MD of Ma Foi Management Consultants, one of the biggest human resource service providers in India, concurs: “We expect a slump in attrition. In the BPO sector, which recorded 35 per cent attrition – the highest across all sectors — it will reduce to 25 per cent. The overall attrition rate would hover between 10-12 per cent.”
The study says 35 per cent respondents switched to a new workplace, as the earlier job did not offer them growth opportunities and remuneration while 6 per cent did not like their work profile. Also, 10 per cent of respondents had switched jobs more than four times.