Many IT professionals may not return to the sector in future: Report
Retaining a business-critical talent has undergone a great change in the last two years, especially in the IT sector, with a significant percentage of the professionals considering not returning to the sector in the future, according to a report.
According to leading tech staffing firm TeamLease Digital, employees' needs and priorities have changed, and they are re-evaluating their careers based on aspects like flexibility, career growth and employee value proposition.
The report 'Brain Drain: Tackling the Great Talent Exodus' noted that the IT sector witnessed double-digit attrition rate of 25.2 per cent this year.
The report shares the insights through more than 100 interviews across TeamLease Digital's leaders, IT contract staffing subject matter experts, and other stakeholders associated with the sector, combined with extensive research available throughout the sector.
"The Indian IT sector has witnessed tremendous growth in the last decade. It has recorded 15.5 per cent growth