Impact of High Attrition Rate in TCS, Infosys, Wipro, HCL and Cognizant- Mass Recruitment in IT Sectors in India: Due to various reasons the attrition rate of the IT firm is slightly high during recent days. A company’s attrition rate is nothing but the rate at which people leave. This attrition rate will affect the company’s turnover rate. So, that’s why many firms are intending to minimize the Attrition Rate.
According to the trustful news source, by taking last 12-month in calculation for the attrition rate, the Cognizant is the front runner with the attrition rate of 33% during the September quarter this year. To put this into context, India’s largest software firm Tata Consultancy Services (TCS) recorded the lowest attrition rate of 11.9% in quarter, while Infosys recorded 20.1%, Wipro 20.5%, and HCL Technologies saw the number at 15.7%.
So that Cognizant is now focusing on retention and recruitment to tackle the attrition problem other than other firms. Focusing on same is also the thought of Cognizant CEO Brian J. Humphries as on the Q3 Earnings Call announcement. Cognizant has increased its net headcount in Q3 by over 17,000 as a step to come back from the hit. The company is also planning to hire as many as 45,000 new graduates in India by 2022.
The firm has also a plan to hire nearly one lakh experts during the current fiscal year. Cognizant’s CEO also stated that the company is keen to promote employee career advancement and engagement through several of programmes, including annual increments in the fourth quarter. Not only Cognizant other firms are also opens gate for skillful candidates. So, choosing IT sector with efficiency as a career is one of the good signs at this time. Get recent job related updates by keeping touch with us, Stay connected!!!
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