According to a report by staffing company TeamLease Services, employee attrition remains a significant challenge for employers in the consumer durables and electronics sector, with the cost of attrition to an organization with 1000 employees being approximately Rs 3.64 crore.
Get latest articles and stories on Business at LatestLY. According to a report by staffing company TeamLease Services, employee attrition remains a significant challenge for employers in the consumer durables and electronics sector, with the cost of attrition to an organization with 1000 employees being approximately Rs 3.64 crore. Business News | Employee Attrition Remains a Big Challenge in Durabel Consumer Market.
High attrition rate of 57% a key concern for consumer durables and electronics sector, says report 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.
Extreme summer heat, rising absenteeism, and productivity loss have led to a high demand for last-mile delivery and warehouse personnel in India. About 2,000 delivery personnel are dropping off daily in quick commerce and 5,000 in food delivery, with an estimated 2.1-2.2 lakh people needed for replacement hiring daily. The monthly attrition of riders, warehouse staff, pickers, packers, and loaders is at a high of 30-40%.
As it will be the last trading week before the key event, which coincides with the F&O expiry, heightened volatility is expected, says Rajesh Bhosale, Technical Analyst, Angel One.