India: Attrition rate at start-ups at junior, mid levels soars as employees scout for better pay packages

India: Attrition rate at start-ups at junior, mid levels soars as employees scout for better pay packages

Photo by Vichaya Kiatying-Angsulee, Image ID: 10049922, (freedigitalphotos.net)

The employee turnover rate across e-commerce and technology start-ups has soared to nearly double that of mature companies as employees switch jobs in search of even more generous pay packages and stock options.

An average of more than 30% of employees in mid-level positions at tech start-ups and e-commerce firms quit their jobs every year, according to human resource (HR) consultants and industry executives. In managerial roles, the average attrition rate stands at around 10%. Attrition rates at firms that are rapidly changing business models are much higher, consultants say.

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