ATTRITION IN IT SECTOR PROFESSIONAL

Given the large fresher intake, TCS invests heavily in training and development initiatives to keep talent and technology ready in a short time.

TCS is one of the largest campus recruiters. TCS’ attrition rate for last twelve months (LTM) was at 11.9%, which is the lowest in the industry.īut how has TCS managed to keep attrition rates low? Let’s have a look at what’s happening on the attrition front for top 4 IT companies in India.Īt TCS, retaining existing talent has always been the main aim rather than acquiring new talent.įor the twelve months ended March 2021, TCS’ IT services attrition rate was at an all-time low of 7.2%.Īs of September 2021, TCS has a total headcount of 528,748 employees. The attrition rate in some companies is at a shocking 20-30% per annum. The benchmark salary of an IT fresher has almost doubled in the last 2 years. Demand for digital talent is booming and employees are jumping ship at every chance they get. Employee attrition occurs when employees quit, for various reasons.Īttrition is an inevitable part of any business, but most importantly, this is a bigger problem for the people-intensive IT industry.Īt times, IT companies’ attrition rate has been as high as 25%.Īt that rate, it’s like having an absolutely new employee roster every 4 years!Īs the job markets remained dry during the initial months of Covid-19 pandemic, attrition rates dropped.ĭuring the period when the Covid-19 impact was most felt, attrition rates did drop for the top three IT companies - Tata Consultancy Services, Infosys, and Wipro.Įmployees found it wiser to stick to their jobs.īut now, the scene has changed. Just like any other industry, employees come and leave.Įmployee attrition was and continues to be a big problem for the Indian IT industry. Things are not perfect in India’s IT industry. This is only good to imagine and very hard to believe in real life. They are motivated by the work environment and satisfied with the salary they receive.

ATTRITION IN IT SECTOR PROFESSIONAL

Imagine a perfect professional world where all employees are happy and dedicated to their company.

Attrition in it sector