The average IT sector attrition rate, which was 18 per cent last year has dropped to 15 per cent, according to a survey by IDC, a premier global provider of market intelligence, advisory services, and Dataquest.
Despite the marginal increase in salaries, a freeze on fresh induction, layoffs, cutting down on talent and keeping offer letters on hold, the industry saw a dip in attrition rate to 15 per cent.
The average retention rate, defined as percentage of employees retained out of the total employees as on March 31, 2008, improved to 85 per cent, from 79 per cent in 2008, the survey stated.
The survey results indicate a visible improvement in work environment even though the average salary increases during the year were pared to 1.4 per cent.
The salary increases for employees with less than two years of experience earned 2 per cent increase. Those between 5.1 and 10 years received an average salary hike of 5 per cent and those with over 10 year experience earned four per cent salary increase.
In addition to work-life balance, job security came out as a crucial factor in the survey. The study reveals that there is a drastic fall in the number of people who feel that their job is secure within their company.
The reducing bench and mass layoffs by the larger players seems to have left an impact on the minds of people.
A majority of IT employees said they changed jobs for better salaries and compensation (53 per cent), overseas postings (38 per cent), better job security (18 per cent), flexible working hours (18 per cent) and training and development (9 per cent).
The survey also reveals that companies have become more transparent in their communication with employees giving them a sense of belonging. They have also gone ahead and adopted a higher degree of professionalism in their dealings with employees as well as customers or suppliers.
Another key finding is that more employees are satisfied with the interest shown by their companies as well as their immediate seniors in helping them strike a work-life balance compared to last year.
More employees believe that training has helped them in their all round growth. On the salary and compensation front, a surprisingly high number of employees feel that they are being paid at par with industry standards compared to last year.
Despite the marginal increase in salaries, a freeze on fresh induction, layoffs, cutting down on talent and keeping offer letters on hold, the industry saw a dip in attrition rate to 15 per cent.
The average retention rate, defined as percentage of employees retained out of the total employees as on March 31, 2008, improved to 85 per cent, from 79 per cent in 2008, the survey stated.
The survey results indicate a visible improvement in work environment even though the average salary increases during the year were pared to 1.4 per cent.
The salary increases for employees with less than two years of experience earned 2 per cent increase. Those between 5.1 and 10 years received an average salary hike of 5 per cent and those with over 10 year experience earned four per cent salary increase.
In addition to work-life balance, job security came out as a crucial factor in the survey. The study reveals that there is a drastic fall in the number of people who feel that their job is secure within their company.
The reducing bench and mass layoffs by the larger players seems to have left an impact on the minds of people.
A majority of IT employees said they changed jobs for better salaries and compensation (53 per cent), overseas postings (38 per cent), better job security (18 per cent), flexible working hours (18 per cent) and training and development (9 per cent).
The survey also reveals that companies have become more transparent in their communication with employees giving them a sense of belonging. They have also gone ahead and adopted a higher degree of professionalism in their dealings with employees as well as customers or suppliers.
Another key finding is that more employees are satisfied with the interest shown by their companies as well as their immediate seniors in helping them strike a work-life balance compared to last year.
More employees believe that training has helped them in their all round growth. On the salary and compensation front, a surprisingly high number of employees feel that they are being paid at par with industry standards compared to last year.
Google Chrome 3.0 is significantly faster than its predecessor, claims the company. The updated Chrome boasts over 150% jump in Javascript performance since its very first beta, and a 25% jump from the most recent version.
Chrome 3.0's new features include more customisable tab pages. The tab page, which opens by default when a user starts the browser, is redesigned and allows greater customisation.
Chrome 3.0 upgrades Omnibox, the address bar at the top of the screen where a user type URLs or search terms. So far, the Omnibox offered users suggestions as they type in terms. In the new Chrome release, the suggestions are better organised with an optimised dropdown menu. The 3.0 Omnibox uses added icons bookmarks, history, common searches, or Google recommendations.
Google Chrome 3.0 adds support for HTML5 capabilities, including the 'video' and `audio' tags for integrated embedding of multimedia elements.
Chrome 3.0 offers users customisable themes. Just a couple of clicks, and users can get a new look for their browser and apply it immediately. Themes allow users to deck up their browser with colours, patterns and images.