A Study on - Employee Turnover in IT Sector with Special Emphasis on Wipro and Infosys

All businesses, large and small, have some way of keeping track of their finances. Businesses are constantly looking for more ways to keep expenses low. One factor that is often overlooked, however, is the cost of employee turnover. The biggest challenge faced by Indian IT Industry is not attracting the prospective employee but retaining the talent as high turnover is back to a serious concern. . In India over the past few years, the ITES sector has been growing in leaps and bounds. This has also posed certain Human Resource challenges to the practitioners and the biggest challenge of them happens to be the retention of the ambitious and the transitory workforce in these sectors. This paper explains some causes of high employee turnover, who it affects the most, and ways companies can decrease employee turnover in order to cut hidden costs. Organizations in India must give serious thought to what drives employee commitment. Employee turnover has been a never ending problem faced in Indian organizations due to no fairness compensation, less opportunity in career growth, dissatisfaction with superiors and so on. Hence it becomes very necessary for human resource managers to understand the factors that prompt employees to quit an organization.