Corporate India reeling under continuous attrition

New Delhi, August 19:

Even as corporate India spreads its wings abroad mo-re and more, the services sectors continue to face large-scale attrition of skilled manpower resulting in manpower shortage, stated a survey.

Sectors such as IT and IT-enabled services, civil aviation, financial services, retail and engineering are all facing manpower shortage due to increasing attrition, stated the survey done by the Associated Chambers of Commerce and Industry of India.

“Human resource is the most valuable asset for any company in the modern economy. Firms would have to not only benchmark compensation and upgrade reward structure but also have to integrate human resource.