Attrition is a phenomena when the employees leave the company and in a similar manner when the company's fail to retain employees and they hop from one company to another in less than a month, a new term called infant attrition has come into picture.
It is usually undertaken in a case when the candidate has more than one offer and takes up the job eventually when he gets the best deal. The experts in the area suggest the phenomenon is on a steady rise and annual workfoce loss due to infant attrition reaches 10-15%.
As per business head-recruitment process outsourcing, TeamLease Services, there has been a rise in employees who are quitting in few weeks time.
The scenario is now vigilant at a time when lay-offs are happening across sectors. "It is a business loss for companies because a new hire takes time and it is only after screening hundreds of candidates does an individual get shortlisted," he said.
"Especially with public sector enterprises which have a very different way of functioning than private entities, fresh graduates do face a culture shock. Several large PSUs have been irked by heavy attrition on the sales and marketing front within the first one to two months of joining because of which they have stopped going for campus placements," said a senior official with a large mass recruitment firm.