IT industry logged 25% attrition in FY22, trend to continue: Report

Non-technology lapping up as employees seek work flexibility and opportunities for career development

The Indian IT industry recorded 25.2 per cent employee attrition in FY22 and that pain will continue as it loses talent to other industries, said a report by TeamLease.

The attrition in the contract staffing industry is predicted to touch at least 50 per cent in FY23 compared to 49 per cent in FY22, said the report called 'Brain Drain: Tackling the great talent exodus in IT sector'.

Company policies, payment and work flexibility is making talent move, as non-technology firms step up demand. “Tech talent in non-tech companies will see 3X growth in the coming years, opening up approx