Navigating Attrition, Cultural Hurdles, and Team Dynamics in cheaper markets like India. What’s the Bottom Line Benefit?
In the first half of 2022, India experienced a notable surge in attrition rates, reaching 20.3%, up from 6% in 2020, as reported by a survey conducted by global professional services firm Aon Plc.
This significant increase follows the two-year Covid-induced lockdown, reigniting discussions about the “great resignation” phenomenon witnessed globally.
The term ‘great resignation’ gained prominence over the past year as the job market reopened in the post-pandemic era, leading to substantial employee departures, particularly in technology companies, even as businesses aimed to return to normalcy.
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