Working from home has spurred unsustainably high turnover rates for global IT


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With the exception of Accenture, IT services companies seem to be born of stubborn and anxious children, unable to accept their important business model, and unwilling to do so only yesterday. Transform To survive, to finally accept it.

In the end, it was as difficult as abandoning Grave train It was application development and infrastructure maintenance. After decades of being an IT expert, the IT department seems to have begun to recognize the future of cloud and digital.

Companies ranging from Infosys to TCS, Cognizant, Wipro, and even mid-sized companies like Tech Mahindra and HCL seem to have begun to devote more and more focus and resources to designing digital solutions with a chop of design consulting. is.

The Pandemic We just added jet fuel to this trend. As people sat down at home, ordered necessities, and overdose zoom calls, digital dependencies skyrocketed and the need for agile and flexible solutions associated with them became more urgent.

Companies scramble to upgrade and innovate their online presence to respond to this overnight explosion of customer activity, and tech companies work with employees at home to maintain lighting. I started.

War of attrition

Still, just as the existential crisis was associated with abandoning the lucrative old model and moving to a vague and new model, another much more serious emerged from the pandemic ashes: exhaustion.

Turnover rates for IT companies with backends in India (most of the world regardless of country of origin) have reached 20% to 30%. This, in theory, means replacing the entire employee. mint Newspapers point out every three and a half years or so.

For example, Infosys Turnover It will shift from 10.9% in the quarter that ended in March last year to 27.7% at the end of March this year. Similarly, TCS went from 7.2% in March last year to 17.4% this year.

Things are getting worse, so Infosys Obligation to avoid competition A clause that prevents a ship from jumping to a competitor or customer for 6 months and 1 year, respectively.

How did you get this far? The fact is that even before the pandemic, it became increasingly difficult to find skilled technicians, especially in the new, fast-moving, fast-growing areas of digital.
The explosive growth of digital solutions caused by pandemics has exacerbated everything.

It also prompted many to deepen their awareness of the historical over-emphasis and more promises of office-centric beings. BalancedA healthier life.

During most of that period, many polls show that employees are barely lazy-in fact, they worked harder than ever-and paradoxically, their Productivity, happinessAnd the satisfaction of the work was higher than ever.

The ability to work from home and take care of the family seemed to suggest a radical new way of thinking about work and, most importantly, life. But can it realistically be a model for future work? And is it really beneficial to everyone?

stay at home

In this new post-pandemic era, returning to the office full-time That’s horrible Most outlook for workers considering changing jobs or re-employment. negotiation What is the maximum number of working days from home per week? de rigeur..

Most enterprises today are leveraging technology in increasingly important ways, from digital storefronts to supply chain infrastructure, which can have a significant impact on their company.

For IT majors, it can be catastrophic, given that they already had a major Talent War Technology is advancing before a pandemic occurs.

In addition, virtual reality applications and Web3Its backbone is blockchain technology, which offers a compelling appeal to experienced engineers looking for new challenges that are willing to jump frequently.

As Forbes As you point out, Microsoft couldn’t do anything about the augmented reality team I get on an airplane Work on the metaverse of meta.

In addition to these problems, India is experiencing a huge situation Start-up It’s a boom that sucks up a lot of talent that was once migrating to IT, but it’s now disliked given the number of millionaires the ecosystem creates each month.

So what does this mean for talent and employers?

Currently, the overall lack of talent allows technicians to be in the driver’s seat and order large concessions. But that could be a Pyrrhic victory.

After all, as industry expert Phil Fersht, the founder of research clothing HFS Pointed out, Talents looking to get the most out of their telecommuting privileges can leap to their heart’s content.

However, it will be time for many of these features to eventually be replaced by increasingly sophisticated automation. This also reduces employee costs. In other words, you need to constantly improve your skills to maintain relevance.

A cohort of working from home prevent Learn yourself from your office colleagues by constantly learning and sharing organically.

These have proven to be important in constantly devising innovative design thinking solutions, and team-oriented execution is a course for winning a profitable consulting business associated with valuable contracts. It is becoming comparable to.

Zoom meetings may never be possible Exchange The benefits of physically gathering in a room to dream of a solution, come up with a solution, or dive into the office to bounce off ideas.

But in the short term, IT majors will be under pressure and employers will need to be persuaded to return to the office. As Farst points out, servicing global clients is not possible because one-third of our employees are constantly changing jobs.

This is a reality that should confuse today’s and tomorrow’s technicians who have become accustomed to the comfort of home offices.

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