|Trivandrum: While the Indian IT industry in general continue to grapple with high attrition rates, companies at Infopark’s off-city campus in Thrissur are bucking the trend. Thanks mainly to the region’s low cost of living, good road connectivity, hassle-free roads and proximity to leading educational institutions.
Most of the IT service providers at the state-run IT park located at Koratty have recorded surprisingly low number of resignations in the past few years and are finding it easy to attract employees as they expand operations.
“The location of the park has played a key role in this regard,” said Infopark CEO Hrishikesh Nair.
A recent Nasscom survey has suggested that the attrition rate among IT service companies in the country stood at 17.6% this year while the BPM industry recorded an attrition rate of 36%. As per the data available with Infopark, the attrition rate in its Thrissur campus has remained around 5-7% for the past year.
Chinmay Varma, Vice President (Engineering) of mobile app developing firm Qburst, said he had received only two resignations in the past two years; and those were for personal reasons. The company employs around 144 IT professionals at the Thrissur campus.
While Harikrishnan, founder of Zinemind, said that the company had zero resignations in the past year. Zinemind, which started as a three member team two years back at the Thrissur campus, now employs around 30 people. “The location is favourable for finding employees. We are also recruiting people from metros like Bengaluru and they are finding the place convenient to settle down with their families,” he added.
The companies are also looking to buy more space in the new 3.3 lakh sq
ft building for expanding their business. The new IT block will start
operations in January 2016.