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70% companies report high attrition in Tier 1 cities: KPMG report

Money Control · 5m

According to a new study by KPMG, companies are highly satisfied with the talent pool in satellite cities like Navi Mumbai and Gurugram. These cities have lower attrition rates compared to Tier 1 cities like Mumbai and Delhi due to factors such as better work-life balance and proximity to family. The nature of work also influences companies' decision criteria, with transactional and doer roles often located in Tier 2 cities and tactical and transformational roles in Tier 1 cities. Candidates now prefer office campuses with amenities and good connectivity infrastructure. The cost of living varies across Indian cities, but it doesn't significantly affect compensation decisions. Cities like Navi Mumbai, Hyderabad, and Chennai are becoming more attractive for businesses due to competitive leasing prices.