Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
cfo image
September 20, 2022

Employees More Prone To Quitting In Their First Year Of Tenure: New Finding

Urvi Srivastava Financial Reporting employees, report, tenure

Due to the increased expectations of employees from their employers, HR leaders are reformulating employee engagement and retention strategies

There is a higher risk of quitting jobs in the first year of the tenure of employees, new findings by inFeedo suggested. Moreover, more than half of the existing employees were in their first year of tenure, the data showed. Since 2020, the average employee tenure has also decreased by 20 per cent. It is now an average of two years, as per inFeedo data.

Due to the increased expectations of employees from their employers, HR leaders are reformulating employee engagement and retention strategies,as per the data by people analytics company inFeedo. 

Tanmaya Jain, Founder and CEO of inFeedo, said that there are five kinds of attrition evident: top talent attrition, infant attrition (0–6 months tenure), niche talent attrition (especially in engineering), tenured attrition, and remote employee attrition.

The company’s data also underlines that the intent to leave is 24 per cent higher in South-east Asia in comparison with the rest of the world.

The CEO further added that even before the emergence of the buzzword ‘Great Resignation’, Amber had already seen an upward trend in at-risk employees by 112 per cent, suggesting a relatively higher risk of employees quitting in their first year of tenure. The Great Resignation is a phenomenon that describes the unprecedented number of people quitting their jobs after the COVID-19 pandemic has ended.

As per BCG, in 2021, the share of venture capital funds that were poured into HR was more than $12 billion, which was more than triple the amount poured in 2020 to 2021.

Avatar

Urvi Shrivastav

→ Urvi Shrivastav

Indian Shares Rise 1% SEBI Preparing To Increase Surveillance On Social Media With Other Platforms

Related Posts

Mayank

Financial Reporting

Synergizing finance, strategy and management: The multipronged role of today’s CFO

NEC

Financial Reporting

NEC Corporation elevates India CFO Mayank Khandelwal to Head of Finance for Global Regional Headquarters and Country Affiliates

Screenshot 2023-04-18 190754

Financial Reporting

Ramesh Bafna Appointed As The New CFO Of Zepto; Succeeding Jitendra Nagpal

Selected Stories

  • MayankSynergizing finance, strategy and management: The multipronged role of today’s CFO

    Read more

  • NECNEC Corporation elevates India CFO Mayank Khandelwal to Head of Finance for Global Regional Headquarters and Country Affiliates

    Read more

  • Screenshot 2023-04-18 190754Ramesh Bafna Appointed As The New CFO Of Zepto; Succeeding Jitendra Nagpal

    Read more

  • Screenshot 2023-03-28 180755Infobip appoints Richard Kraska as Chief Financial Officer

    Read more

  • 1494568857_NoPMEQ_CFO-470CFO – From ‘Finance’ To ‘Futuristic’

    Read more

Movements

  • Screenshot 2023-03-28 180755Infobip appoints Richard Kraska as Chief Financial Officer
  • zUah2lDb_400x400Deloitte India Named Romal Shetty As CEO For Four-Year Term
  • cfo imageVishnuhari Pareek Named As Head Of Finance At Arkam Ventures
  • thumbnail_Sidharth1Siddharth Sehgal Is New CFO Of BeatO
  • Business men giving a handshake. Business conceptRamamurthy Becomes MD, CEO of BSE, SEBI approves appointment

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.