MBA Attrition Rates Signal Need For Innovative Retention Methods: Deloitte India news18.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news18.com Daily Mail and Mail on Sunday newspapers.
A survey by Deloitte has revealed that the attrition rate among MBA graduates hired directly from campus was the highest across disciplines in 2023, with the highest one-year (40%) and two-year (38%) attrition rates. Infant attrition was the highest among Graduate in Management (BBA / BCom /others) degree holders, with 33% of fresh hires leaving organisations in less than a year of joining. However, the survey showed a reduction in attrition rates from 2022, with MBA hires from Top-10 and Tier-1 colleges attriting at 24% (infant), 40% (one-year), and 38% (two-year) in 2023.
In 2024, though, the average internship intake fell 10 percent, while pre-placement offers saw an annual drop of 26 percent. Complementing it, campus hiring budgets saw a 33 percent drop in the past year.
Projected MBA salaries are dropping: Deloitte financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Tata Consultancy Services (TCS), India s biggest tech company, yesterday sacked at least four executives for allegedly giving preferential treatment to certain staffing firms in recruiting contractual employees, ET has reported.