Hi Pradnya,
I would like to discuss about manufacturing sector.
See, in mfg sector major focus is given on production rather than the efforts. Following are the reasons for high attrition rate in mfg sector -
1. There are two bounderies working in factory, one is white color & other is blue color. There is big gap between these two levels as far as knowledge, skill & attitude.
2. Due to new MNC's arriving in industrial hub like Pune, the culture also changing & becoming like their parent company locations like, UK/USA etc. Now here people would like to balance their personal & work life. If company culture is not supporting to this then there will be definetely high attrition rate.
3. As IT companies are growing faster than mfg sector, talent is moving from mfg sector to service sector. They are basically attracting with the high salaries & extra perks.
4. Mfg sector are mostly investing into the land, machine & other capital assets, so there budget is not allowed them to increase salary base as compare to service sector. So employee are moving from mfg to service sector.
5. Now a days standard of living has been growing very fast, to compare with the same people are seeking for pleasure & extra facilities and ultimately they are attracting towards the higher salaries.
and lastly...
6. Ofcourse work pressure, inadequete services, low increments due to low growth in mfg sector people are moving.
These are my general views. If you want few additional information, pls let me know.
Regards,
Deep.