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IT professionals in Hyderabad seem to be more loyal to their firms than their peers in other top cities in the country. The attrition rate here is up to 60 per cent lower than the national average.
“IT companies in Hyderabad see 40-60 per cent lowers attrition compared to those in Bengaluru,” said Rishabh Kaul, Co-founder of predictive IT hiring solutions firm Belong.
“For many years now, we’ve been hearing that Hyderabad is destined to be India’s Silicon Valley. And now we have data to prove that it is a better place for tech companies because of higher retention and comparatively lower salaries owing to lower cost of living,” he said in a statement on Thursday.
Belong carried out a study on employee retention in Bengaluru and Hyderabad. The firm analysed last two years’ data from leading tech companies such as IBM, Tech Mahindra, TCS, Wells Fargo, Infosys, Amazon and Microsoft.
Belong also compared the average salaries of employees in Hyderabad and Bengaluru for emerging skills such as data scientists.
“We found that the average salaries for hard-to-hire roles like data scientists, user interface and user experience designers were 10-20 per cent lower in Hyderabad.
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