BANGALORE: Attrition’s inching up again. And lateral hires, the experienced folk, are once again getting good salary hikes. That may not be good news for companies, but for employees, who went through some very trying times last year, it’s just the recovery they were praying for.

Infosys’s attrition rate went up to 11.8% in the latest quarter, up from 11.6% in the quarter before, and a low of 10.8%. And that’s true for the IT industry in general. Attrition rates that used to be 18-20% fell to 5-6% a year ago, but has now climbed back to 10-12%.

Says C Mahalingam, senior VP for HR in Symphony Services, ‘‘Attrition has picked up. Jobs are being created. This year, people who stay back will get a tiny salary increment of 5-6 %, while a job change will give them an increase of at least 10-15 %. That’s why many are moving.’’

TOI could not confirm this from the companies concerned, but those like IBM, Talisma and Yes Bank are said to have recently hired people - with two-three years’ experience, at salaries that were 50% to 100% higher than in their previous jobs.

IT company Aditi’s CEO Pradeep Rathinam says they have 100 open positions in India. “We are looking for technical people, solution architects. People are asking for 40-50 % hikes, but we expect to give about 20% hikes over their existing salaries.The slowdown has brought expectations down to more realistic levels,” he says.

It is not yet the kind of mass hiring that one saw till two years ago. But given the levels of orders that companies are getting, it will perhaps be only a matter of time before they are forced to speed up their hiring drive. Manish Sabrawal, MD of manpower company TeamLease says, ‘‘After a severe drought, jobs are back again. Salaries will also get better moderately, from the negative to zero increments that one saw last year.”

Kris Laxmikanth, MD of Headhunters, says the tech sector may take a little more time to accelerate hiring, “it’s currently waiting for customer budgets to be finalized”, but infrastructure firms like GVK, GMR, L&T, IVRCL, and sectors like construction, mediaadvertisement, PR, event management, manufacturing, oil and gas, telecom, automotive and logistics, FMCG, tours & travel, consumer durables and banking and financial services and insurance have all become hirers.

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