Latest Attrition HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Attrition.
Indias IT sector has been dealing with an all-time high attrition rate over the last few quar...
The information amp Technology Industry has reported a sharp rise in attrition since last year. Th...
The issue of moonlighting by tech professionals has ignited a fresh debate, polarising opinions and ...
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
