The war for talent that plagued every firm in the IT industry till the global economic downturn provided a welcome eighteen months of relief is back with a bang! In the first five months of the current fiscal, attrition in most IT firms has been in the region of twenty to thirty percent on an annualised basis and the revolving door syndrome has seen some companies reporting net additions of manpower in single or double digits in spite of having added several hundred new employees to their rolls. While there is no immediate redress for this unfortunate situation and strictures like avoidance of offers in colleges before the final semester and honouring of three month notice periods can at best provide temporary respite to much battered resourcing managers, the medium term solution lies in revitalising the supply pipelines with quality talent in large numbers to serve the needs of the entire services sector. |