Why is there more attrition in Cognizant?

The IT services industry has been witnessing higher attrition levels over the last few quarters on the back of a demand-supply gap for tech talent, especially digital skillsets, as well as increased prevalence of the gig-economy versus long-term employment,” said Ankit Garg, associate director, Auctus Advisors.

Which bank has highest attrition rate?

The lowest rate of attrition is in PNB and the highest by the ICICI Bank followed by AXIS bank as we can see in the Graph1. 1The attrition rate of employees working in Private Sector Banks are more in the recent time due to increased workload with moderate package of financial benefits.

Which is better virtusa or CTS?

Cognizant Technology Solutions is most highly rated for Culture and Virtusa is most highly rated for Work/life balance.

Why Icici Bank has high attrition rate?

Attrition Rate of #ICICIBank was high as 20\% due to their autocratic HR policies, but rather than improving, They tied Up with Manipal University to recruit freshers, But even then attrition rate increased.

Why does Cognizant have a high attrition rate?

Cognizant grew too much too fast and hence, like many service-based companies, its revenues became flat. To achieve growth therefore, the company needed to reduce its costs and their cost-cutting mechanism is increasing the attrition rate. Does the company want it to be high?

What is it like to work at Cognizant?

Job Security: Cognizant, back in the days, used to be the company which never fires its employees. From there, it has turned into a company which regularly churns its employees proactively based on performance, thereby, reducing the high levels of job security that employees enjoyed before.

What is the current growth rate of Cognizant?

Now turning the focus to your question, Cognizant has seen its slowest growth rate in recent few quarters. Thegrowth rate has been as low as mid single digit range. As you all know there has been a Change in CEO, effective April 2019 as Brian Humpries took command. His focus is on growth of the company and to gain back the double digit growth.

What does it mean when attrition is high?

If attrition is high then it means new business, better demands and more opportunities, its a healthy sign for the industry. Remember 2008 crisis where nobody’s aspirations were met, no hikes, no bonus, no promotions still the attrition was at it’s lowest because employees were trying hard to secure their current job.