Indian IT firms are likely to face sharper turnover rates this year on growing demand for talent, reports The Economic Times, citing a report from India-based HR consulting and RPO firm Han Digital. The data from across 100 companies between January and March 2021, prepared by Han Digital, indicates that one million employees would potentially resign this year, resulting in increased hiring costs for the IT services and Business Process Management firms. The technology services industry saw a 12% turnover in 2020 amid the Covid-19 pandemic-induced slowdown. By the end of 2021 however, the IT BPM (business process management) sector is likely to look at a 22% turnover rate. Between January and March, approximately 5-8% of full-time staff who were on-boarded left within the first 90 days. The report said HR leaders at large firms and contract staffing experts believe the trend would continue until year-end. IT-BPM industry association Nasscom said companies are staring at higher turnover rates due to the growth in demand after a prolonged lull last year.