EMPLOYEE RETENTION STRATEGIES IN INFORMATION TECHNOLOGY COMPANIES: A CASE STUDY IN HYDERABAD

Given the volatility and uncertainty of today's economic climate, it is crucial that
IT companies develop and implement effective personnel management strategies aimed at
retaining their most valuable employees. The high rate of employee turnover that had become
such a problem for successful IT organizations has begun to level out as the resignation wave
subsides. Most of India's top IT firms, including Infosys, TCS, HCL, and Tech Mahindra,
reported lower attrition rates in the fiscal year's second quarter of 2022 (17-18% vs. 22-25%).
However, even this reduction represents a significant increase in employee departures from
the company when compared to rates seen before the global financial crisis: "the fear of
layoffs really isn't affecting the talented as the one who knows their worth,once decided to
move to It is clear that even in economic moments, companies regard talent Exodus and
round robin as tactics to keep their talents for a longer amount of time in order to have a
Competitive advantage, as Mohit Joshi, president of Infosys, will take over as CEO and MD
of Tech Mahindra from December 20-23. In January 2022, Ravi Kumar, president of Infosys,
will succeed Brain Hempries as CEO and MD of Cognizant.Mohit Joshi, Infosys president,
takes charge as CEO and MD of Tech Mahindra from December 20–23, so it is evident that
even in a recession period, the Talent Exodus is seen in the IT sector, which mean attrition is
still a persistent issue of IT companies, which can be driven by the best employee retention
strategies.In this paper, an Empirical reviews of various reviews of literature and research
work done on employee retention strategies in IT sector can be seen, the paper studies about
the perception of employees on retention strategies.