With the Indian economy picking up and revival of the job market, Indian companies are likely to start their recruitment process this year. In 2009 job market was hit by global recession and the recruitment rate was less in certain sectors as companies were forces to cut down their head count. The stimulus given by the Government has encouraged growth and boosted employment which was threatened by the recession last year. The International Labour Organisation also reported that as many as five lakh jobs were created in the third quarter following the government’s stimulus measures.

Attrition is a sign that there is a growth in the industry. This year Global Hunt India has said that attrition rate will also go up in sectors such as BPO, IT and aviation. According to global staffing services firm, Manpower, “Recruitment pace is expected to return to the pre-recession level this year”. As far as attrition is concerned, this year (2010) is likely to be a good year in terms of company growth perspective, industry growth perspective and hence attritions are expected. However, it would be lesser than the levels of 2007, when attrition reached its peak. Though the attrition rate is predicted to be high this year it is expected to be only at the beginners/ fresher level.