India Tops Global Attrition Chart, One in Four to Switch Jobs

New Delhi: As the growth trends firm up in job market, India is set to witness highest attrition rate globally with possibility of one in four employees switching jobs in the country, said a survey.

The survey conducted by global human resource and management consultancy major Hay Group also said that the concerns among the Indian employees about fairness of their compensation and career objectives could be the key reasons for them to switch jobs.

Global management consultancy, Hay Group, in association with the Centre for Economics and Business Research (CEBR), found that 49 million more employees are likely to leave their employers worldwide over the next five years compared to 2012, owing to improvement in economic and labor market conditions.

The Asia-Pacific will experience its largest spike in employee turnover (job switch) levels this year, and organizations in the region will experience the highest increase in turnover rates worldwide.

Read More:

10 Tech Companies That Are on a Hiring Spree Right Now