Attrition Rate: HR News, Trends & Workplace Insights

Latest Attrition Rate HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Attrition Rate.

Updated on: Jan 2022
Cognizant to hire 1 lakh experienced people and 30,000 freshers in 2021
Industry

Cognizant to hire 1 lakh experienced people and 30,000 freshers in 2021

Cognizant, one of the world’s leading professional services companies, yesterday has announced its second-quarter 2021 financial results. Revenue of $4.6 billion grew 14.6% year-over-year (12.0% in constant currency(1)) Digital revenue grew approximately 20% year-over-year $1.5 billion deployed on acquisitions, share repurchases and dividends year-to-date 2021 revenue growth guidance increased to 10.2-11.2%, or 9.0-10.0% in constant […]

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HCL Technologies plans to give Mercedes-Benz to top performers
Industry

HCL Technologies plans to give Mercedes-Benz to top performers

As demands for digital skills rising, employee attrition has come out as a challenge for IT Industry. HCL Technologies is working on a plan to give Mercedes-Benz to Top performers. HCL has reported an Attrition Rate at 11.8% in Q1 FY’22 (down from 14.6% last year and from the previous quarter 9.9%), reflective of the effectiveness of increased employee […]

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TCS has crossed 5 lakh headcounts, attrition higher than previous quarter
Industry

TCS has crossed 5 lakh headcounts, attrition higher than previous quarter

On July 8, India’s largest IT major, TCS has announced the Q1 results of the Financial Year 2021-22. Net profit of the company rose to Rs. 9,008 crore, in Q1 FY22 ending June 30 from Rs. 7,008 crore a year earlier. Revenue from operations jumped 18.5% to Rs. 45,411 crore. The company unveiled a 29% rise year-on-year in […]

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Cognizant to hire 28,000 freshers in India in 2021
Industry

Cognizant to hire 28,000 freshers in India in 2021

Cognizant to hire 28,000 freshers in India in 2021 Cognizant, one of the world’s leading IT services companies is planning to recruit 28,000 freshers this year in India compared to 17,000 hired last year in 2020 to deal with a steep rise in voluntary attrition 21% compared to 19% in the previous quarter.. The rise […]

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Cognizant reports attrition 21% compared to 19% in the previous quarter
Industry

Cognizant reports attrition 21% compared to 19% in the previous quarter

Cognizant reports attrition 21% compared to 19% in the previous quarter Cognizant, one of the world’s leading professional services companies, today announced its first-quarter 2021 financial results. The company’s revenues grow 2.4% in the March quarter and attrition by 21% compared to 19% in the previous quarter. Announcing the results Brian Humphries, Chief Executive Officer, […]

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Tech Mahindra headcount drops in FY21, hiring to increase in FY22
Industry

Tech Mahindra headcount drops in FY21, hiring to increase in FY22

Tech Mahindra reported an increase in attrition rate to 13% from 12% in the previous quarter IT services firm Tech Mahindra’s headcount drops by 4,182 in the financial year 2021 even as it looks at double-digit organic growth. According to the company statement, it will lead to more hiring in the next few quarters with multiple […]

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Cognizant reports highest ‘Attrition Rate’ among top IT leaders
Jobs

Cognizant reports highest ‘Attrition Rate’ among top IT leaders

Cognizant reports highest ‘Attrition Rate’ among top IT leaders: Q4 results IT Major, Cognizant reports the highest attrition rate in December ending quarter (Q4), and the company has put up a $30 million budget to improve its employee retention. This budget will be used as a retention fund and, used to retain high performers and […]

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