Industrial and energy conglomerates see double-digit turnover in human capital

While some of India’s large industrial and energy conglomerates are doing well, they are also seeing high employee turnover, with data for FY2024 showing double-digit growth.

Flagship entities of conglomerates such as Adani, Vedanta, Aditya Birla Group and Larsen & Toubro (L&T) have all reported double-digit employee attrition for their permanent workforce in FY24. Some of these companies are introducing new measures including better increments, EV car schemes, ESOPs, etc. to reduce attrition.

For example, Adani Enterprises, the flagship company of the Adani Group for supplying coal to airports, reported staff turnover