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What is TCS attrition rate?

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What is TCS attrition rate?

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\%

Why is TCS attrition rate low?

There are different types of attrition rates such as involuntary, voluntary, demographic-specific, and internal. In the first quarter of the current financial year, Tata Consultancy Services (TCS) has managed to keep the lowest attrition rate. This represents that employees are not ready to leave TCS.

Why is cognizant attrition rate so high?

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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.”

What is cognizant attrition rate?

Cognizant has the highest attrition among its peers at 33\%, will allocate higher bonuses to retain employees amid a war for talent across the tech industry.

What is the attrition rate of Infosys?

The attrition rate for Infosys has climbed to 20.1 per cent in the September quarter.

Why is attrition rate high in Sector?

The shortage of IT professionals with niche digital skills has led to the surge in attrition in Q2. As employees voluntarily quit their jobs in large numbers, the attrition rate in top-tier Indian IT companies were in double digits during the quarter ended September, recording a steady rise from its previous quarters.

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Why attrition rate is high in industry?

What is the reason of attrition?

The reasons for employees leaving the organization can be both personal and professional. Some factors that lead to employee exits are poor working conditions, retirement or resignation, unfair pay, lack of professional growth, or other personal reasons. Frequent attrition can be a cause for concern.

What is the average attrition rate in Infosys?

The average industry attrition rate is around 20\% with TCS and Wipro having around 15\% and Infosys having around 19\%. 1) Higher compensation in some other company.

What is the average attrition rate in TCS and Wipro?

Attrition rates are always high in any IT company. The reason behind is that there are loads of options available to IT employees. Hence, it is not advisable to decide on a company based on its attrition rate. The average industry attrition rate is around 20\% with TCS and Wipro having around 15\% and Infosys having around 19\%.

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What is the attrition rate at Cognizant and Wipro?

Similarly, IT service provider Cognizant witnessed attrition rate of 22.6 per cent at the end of the June quarter. Image source: Reuters 4. Azim Premji led company Wipro’s attrition rates were 17.7\% by the end of the June quarter.

What is the attrition rate of TCS in 2021?

As per the report published by the company the attrition rate rose from 7.2\% in the quarter ended in March 2021. Even though the attrition rate has increased from the previous quarter it is being considered as lowest in the county. While the attrition rate of TCS has decreased year on year, the rest of the industry is seeing a reverse scenario.

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