High attrition rate worries Coimbatore Industries

High attrition rate worries industries

COIMBATORE: Engineering units here, including some of the large-scale ones, are worried about the high rate of attrition, with the problem worsening during the last six months to one year.
On an average, it was about 15 per cent even three months ago and has gone up further now, says C.R. Swaminathan, Chief Executive of the PSG Industrial Institute. "The only reason is better remuneration," he says.
Earlier the problem was felt at the shop floor level - workers and trainees. Now, the units face a number of manager-level people too moving one unit to another.
"They get a huge elevation. It is a dramatic jump," says Vanitha Mohan, Executive Director of Pricol.
"The job market is full of opportunities. Yet, at the social level those who constantly switch jobs should look at issues such as stability at career and home too," she laments, adding that the only solution is to have constant back up of people exclusively trained by units for their needs.
Mr. Swaminathan feels that the problem is temporary. The Coimbatore units too will gradually start offering more facilities.

Source:The Hindu

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