What is the attrition rate in TCS?
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What is the attrition rate in TCS?
11.9\%
In fact, it is into a worse problem with attrition rate at 21\% almost double to IT giant TCS for the July-September quarter….Tech Mahindra faces highest attrition rate in the industry.
| Peers | Attrition rate in Jul-Sep |
|---|---|
| TCS | 11.9\% |
| Infosys | 20.1\% |
| Wipro | 20.5\% |
| Tech Mahindra | 21\% |
What happens if attrition rate is high?
Generally, high attrition rates or churn rates indicate that employees are turning over pretty quickly while low attrition rates mean that people are staying with your company for a longer period of time.
Why is attrition less in TCS?
TCS is very keen when it comes to training employees and offers courses to the employees to level up. On attending the training sessions, 22\% of professionals attend training more than 6 times in a year. 29\% have done training 3-5 times in a year whereas 33\% have done 1-2 times in a year.
What are the possible causes of attrition?
Understanding Attrition Attrition happens for several reasons, including pay, lack of growth, and poor workplace conditions. The term is also sometimes used to describe the loss of customers or clients as they mature beyond a product or company’s target market without being replaced by a younger generation.
Why is CTS attrition rate high?
When asked why the attrition rate was high, Rajesh Nambiar, chairman and MD, Cognizant India and president, Digital Business & Technology, said in an interview on Thursday, “Attrition is an industry-wide concern. There is an unprecedented demand for talent and its widely known that the industry is impacted overall.”
Does TCs have a high attrition problem?
But there are bigger issues that TCS top-brass has to deal with — high attrition. For the year ended March 31, 2015, TCS lost 14.9\% of its total workforce of over 3 lakh employees. The company lost a total of 47,931 employees in the year, over 13,000 of whom came in the fourth quarter itself.
What is Tata Consultancy Services (TCS) attrition rate?
Tata Consultancy Services (TCS) said its IT services attrition rate – over the last twelve months – fell by 0.1 per cent. Tata Consultancy Services (TCS) on Tuesday reported a total attrition rate of 10.9 per cent in the April-June quarter. That marked a slight recovery from 11 per cent in the previous quarter.
What is attrition rate?
Attrition refers to the rate at which employees leave a company over time. A high attrition rate is often a cause of concern for employers. 1. The global software major said its IT services attrition rate – over the last twelve months – fell by 0.1 per cent, or 10 basis points.
What does TCS see as a key risk for the company?
In its annual report, TCS highlighted rising attrition as a “key risk” and said it could impact growth. TCS said employee engagement continues to be a focus area; it added that the company has increased focus on training employees in new technologies and is rotating work assignments to mitigate the growing risk of attrition.