Attrition: HR News, Trends & Workplace Insights

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

Updated on: Oct 2022

Industry

employees plan to leave current company in next three to nine months

Oct 4, 2022

Over Lakh employees left in last year from these IT companies

Indias IT sector has been dealing with an all-time high attrition rate over the last few quar...

Industry

Sep 28, 2022

Over Lakh employees left in last year from these IT companies

Is IT Industry exploiting freshers, why attrition is so high?

The information amp Technology Industry has reported a sharp rise in attrition since last year. Th...

Industry

Sep 21, 2022

Can return to office ease moonlighting concerns in IT industry?

The issue of moonlighting by tech professionals has ignited a fresh debate, polarising opinions and ...

Work Model

Sep 20, 2022

Can return to office ease moonlighting concerns in IT industry?

Employee Retention

5 H of Employee Retention Plan to Win Tough Times

While the world is staring at recession, India’s growth story continues to shine. According to a recent survey by Bloomberg, the probability of India slipping into recession is zero. Most forecasts including the recent one from IMF have predicted India’s GDP growth for FY 23 to be more than 7%. As the world stares at recession, the […]

Sep 14, 2022

Industry

1.2 lakh Cognizant employees resigned, CEO under siege

Information technology services and consulting company, Cognizant Technology Solutions Corp. has announced historic high attrition of 36 percent (combining Voluntary & Involuntary Attrition) in the second quarter, ending on June 30, 2022. Currently, the company’s headcount stands at 341,000 employees globally. Almost 1.2 Lakh employees resigned from the company in the last 1 year. Quarter Total […]

Aug 26, 2022

Industry

Cognizant attrition zooms to 36%, CEO under siege

Information technology services and consulting company, Cognizant Technology Solutions Corp. has announced a historic high Attrion of 36 percent in the second quarter, ending on June 30, 2022. This is now under the spotlight after one analyst has demanded from the board of Cognizant to investigate the company’s underperformance, and possibly even consider replacing the […]

Aug 17, 2022

Employee Engagement

How to Manage Attrition in the Food Industry

If you keep withdrawing money from your bank and won’t deposit anything over a long period, your bank account will come to the verge of closing. This depicts the need for balance in life. This balance is the sole factor that helps in running various industries efficiently and successfully. The food industry is no exception. […]

Aug 5, 2022

Industry

Cognizant attrition rate increased to 31% from 26% in Q2FY22

One of the world’s leading professional services companies, Cognizant has announced its second quarter 2022 financial results. Cognizant’s headcount expanded to over 341,000 employees globally in Q2 amid an intensely competitive labour market. The voluntary annualized attrition rate increased to 31% from 26% in the preceding three months indicating strong demand for tech talent across […]

Jul 28, 2022

Industry

Tech Mahindra added 6,862 new employees in Q1, attrition rate drops

IT services major, Tech Mahindra announced its first quarter financial results, Q1FY23 ended on June 30, 2022. The consolidated net profit fell 16.4% year-on-year to Rs 1,132 crore in the fiscal first quarter, deeper than what analysts had estimated on higher employee and subcontracting costs. The Cash and Cash Equivalent at USD 1,114 mn as […]

Jul 26, 2022

Industry

Infosys adds highest number of employees in Q1, offered pay hike

IT major, Infosys has announced that it has reached a total headcount of 3,35,186 employees in Q1FY23, with the net addition of 21,171 people in the first quarter ending on June 30. Furthermore, the company’s attrition rate has increased to 28.4% in Q1FY23 expanding by 70 basis points from 27.7% in Q4FY22. In Q1FY22, the […]

Jul 25, 2022

Industry

TCS attrition continues to be high, Campus Hiring to be 40,000 in Q1FY23

India’s largest IT services provider, Tata Consultancy Services (TCS) for fiscal 2021-22 had added over 100,000 employees from campus but speaking about its attrition continued to be high. Commenting on the attrition, Management said that though on the LTM basis the numbers are high, on an incremental basis the numbers are coming down. “The 17.4 per cent is because […]

Apr 12, 2022

Industry

HCL Tech rolls out skill-based allowance to 16K employees, Attrition came down to 9.9%

HCL Technologies: Attrition came down to 9.9% from 16% a year earlier The IT major, HCL Technologies has announced a skill-based allowance to its 16,000 employees. This allowance will be 25-30% of employees’ cost-to-company (CTC). Apart from this, the company has set a target to hire 20,000 campus graduates this year compared to 14,500 in the […]

Apr 26, 2021

Industry

Mindtree added 1,823 employees to workforce, 12.1% attrition

Mindtree added 1,823 employees to workforce, 12.1% attrition L&T-owned, information technology, and outsourcing company, Mindtree on Friday reported its Q4 (quarter ending on March 2021) results. The company announced a consolidated net profit of Rs 317.3 crore. Its revenue from operations stood, in rupee terms, at Rs 2,109.3 crore, clocking an improvement of 3 per cent YoY […]

Apr 17, 2021

Industry

Infosys to hire 25,000 from campuses in FY22, salary hike from July, attrition 15.2% in Q4

Infosys to hire 25,000 from campuses in FY22, salary hike from July, attrition 15.2% in Q4 India’s second-largest IT services firm, Infosys has announced the attrition of 15.2% for Q4, the quarter ended on March 31, 2021, a sharp spike from 10% in the previous quarter. It is very high compared to its peer company, Tata […]

Apr 15, 2021