BIG BUCKS CAN'T KEEP EXECS BACK

Soubhik Mitra, Mumbai
Hindustan Times (Delhi edition)

In her resignation letter, IT professional, Shaheen Ansari (name changed on request) wrote that she quit because her abusive boss interfered with her work.

An online survey by referral recruitment portal www.yellojobs.com says 42.18 percent Indian employees quit their jobs because of bad bosses. "The company gave me 40 percent increments for five consecutive years. Still, I quit to get rid of her," said Ansari.

The survey polled around 9,000 white-collar professionals working in various spheres from banking to IT. Office politics forced 16 percent respondents to quit.

Vikramjit Singh Sahaye of yellojobs.com says, "Employee retention is gaining focus. Retaining talent makes commercial sense and helps improve project efficiency"

Pandia Ranjan, MD of Ma Foi Management Consultants, one of the biggest human resource service providers in India, concurs: "We expect a slump in attrition. In the BPO sector: which recorded 35 percent attrition the highest across all sectors it will reduce to 25 percent. The overall attrition rate would hover between 10-12 percent."

The study says 35 percent respondents switched to a new workplace, as the earlier job did not offer them growth opportunities and remuneration while 6 percent did not like their work profile. Also, 10 percent of respondents had switched jobs more than four times.