With the increase of attrition rate, the companies are now taking vital steps to retain employees. The Indians and MNCs are taking steps like fat pay hikes and cool perks that can help them to hook em
The giants like HCL, Wipro, TCS, Infosys, etc. are offering foreign trips, high tech gadgets, luxury bikes, etc. to retain employees. The company is offering gadgets like Bose Headphones, Apple iPad Pro, bikes, speakers, cordless earbuds, health bonds, fitness gears, etc. along with large monetary incentives depending on the experience and work.
The attrition rate is increasing and companies are losing their talent at a fast rate. In the first quarter of 2021, there has been an increase of 14 or 15 per cent. The companies are also investing in in-demand skills to upskill the employees and going to great lengths to retain IT specialists.
Companies are offering higher salary packages for the engineering jobs such as full-stack developers, data analytics engineers, DevOps engineers, Machine Learning experts, backend engineers, etc.
The major focus of the companies is upskilling for faster promotion, growth acceleration, compensation intervention, programs aimed at nurturing talent, talented individuals, promoting work-life balance, and wellbeing of employees.