Attrition rate in Indian IT industry has gone down and it has reached a level which was there in this industry 3 years back. This dip in attrition rate is not sudden. It happened to recent slowdown in world market. However experts are saying that the main reasons of the downfall of attrition rate is lesser number of new jobs in industry and companies preferring freshers over experienced employees as freshers are very cheaper as compared to experienced employees. Let’s see the current attrition rate in big 3 of Indian IT industry. For last quarter, attrition rate for TCS, Wipro and Infosys were 11.9%, 11.9% and 11.8 % respectively. One year back, the rate was 11.5%, 20.10% and 13.7 % respectively for the three IT majors.

Now the IT professionals don’t have much choice. Earlier IT companies were fighting for people who are good in different IT technologies. Now the scenario has changed, now they are fighting for their survival and new businesses. However the attrition rate is still in double digit as IT companies have been quietly laying off employees due to performance issues, back ground checks and not clearing the tests after training. So if you are working in a software company, then it is better for you to hold that job then looking for new job.

No doubt, 2009 is going to be a very tough year for world economy. So instead of bothering about it, spend most of your time in scaling up your skill sets. If you have been laid off then it is always good to go back to basics, start preparing for MBA entrance or MTech, join some professional classes, courses. Improve of inter-personal and technical skills. Remember the Darwin theory, Survival of the fittest. So try to become the fittest person in your niche.