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ANNUAL ATTRITION CYCLE
The great $100-billion tech shift: GCCs tighten grip on India’s talent marketIndia's Global Capability Centres (GCCs) jobs: India's Global Capability Centres (GCCs) are rapidly outpacing traditional IT services, driv...- Infosys non-committal on pay hikes, keeps employees guessingInfosys management remained non-committal on salary revision timelines during a recent town hall, citing macroeconomic conditions and clien...
- TCS headcount fell by 23,460 in FY26; but no more layoffs for now: Sudeep Kunnummal, CHROIndia's largest IT firm, TCS, reported a significant headcount reduction of 23,460 in FY26, ending with 584,519 employees. The company has ...
- TCS promotes over 1.1 lakh employees in FY25; to hire 42,000 trainees in FY26 despite deferred incrementsTata Consultancy Services promoted over 1.1 lakh employees in FY25 to manage growth and address attrition, even while postponing annual inc...
- Banking & financial companies go all out to retain staffThe likes of Axis Bank, Motilal Oswal Financial Services and IIFL Finance are rolling out measures such as employee stock ownership plans (...
- Nil to 1% hikes for LTIMindtree employees after months of delayET could not independently verify the share of the employee base that received such hikes but sources confirmed that a majority of junior t...
- Nine in 10 recruiters expect either new and/or replacement hiring over next six months: Naukri Hiring OutlookThe survey shows that only 4% of recruiters surveyed foresee layoffs/downsizing in the July-December '23 period, revealing that India Inc i...
- TCS rolls out salary hikes, takes 200-bps impact on operating margin"We have gone ahead and rolled out our annual salary increase with effect from April 1st. Our operating margin of 23.2% reflects the 200-bp...
- Cognizant rolls second hike as a part of 'two-merit cycles' announced last yearCombined with the merit increases eligible directors and above received in January, Cognizant is awarding more than 300,000 associates a me...
- As attrition drops, Indian IT majors eye higher marginsAttrition rate over the past 12 months has dropped to 17-18% across the sector, say experts.
- TCS discontinues anniversary hikes for laterals, annual appraisal to continueIn a formal letter to those employees who had completed a year with the organisation during the current fiscal year, TCS said they would re...
- IT sector is recession proof, clients have not stopped decision making on spends: Rishad PremjiRishad Premji's comments come as IT services sector is expected to see a sharp fall in revenue growth to 12-13% in FY23 from 19% in FY22, t...
- Amid high attrition, 8-10% increments likely at IT companies for FY23That compares with an increase of 10-12% last year but is still among the highest in recent times. The difference is on account of one-time...
- Consumer goods cos accelerate workforce formalisation to reduce costs, step up productivityLarge consumer goods companies in India have started accelerating formalisation of their workforce with staffing solutions, to eliminate un...
- Cognizant reports 10% growth in annual revenue at $18.5 billion in FY21For the fourth quarter, ended December, Cognizant reported revenue of $4.8 billion, up 14.2% on a year-on-year basis. Digital revenue for t...
- Promotion cycles, special salary hikes: India Inc does its best to retain top performersRecent research by Microsoft showed that almost 62% of India’s workforce have intentions of switching jobs this year, compared to an averag...
- Indiabulls Group asks nearly 2,000 employees to resign, says part of annual attrition cycleRecently, employees of the group's housing finance arm Indiabulls Housing Finance claimed that they were asked to resign from the company b...
- India Inc may see attrition rates as high as 31%India Inc is likely to see attrition rates as high as 31% during the three months ending June, as employees unsatisfied with annual salary ...
- Promotions may follow pay hike plan at WiproPromotions this year would be much more broad-based unlike those in 2009 as attrition is shooting up. 10 Tips for dream job | More Infotech...
- Exodus: Top four IT players lose 10K employees in Q1Although TCS, Infosys, Wipro and Satyam collectively hired more than 25,000 employees in the April-June period, the net addition was just a...
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