Tag: Attrition

How different is ‘The Great Attrition’ from ‘The Great Resignation’

Although different terms, ‘attrition’ and ‘resignation’ are similar concepts. Both have a common outcome — loss of talent for the company. Hence, the two...

Infosys to target 50,000 hires by end of FY23

Chasing a target of 50,000 hires at the start of FY23, Infosys managed to hire 40,000 in the first half of the year. Its...

Accenture sees a significant dip in employee attrition

Accenture announced a seven per cent drop in attrition rate in its quarterly results on Friday. The IT giant announced a 13 per cent...

20% employers reveal salary range to staff: Study

Are employers paying a hefty premium to attract new employees post the Great Resignation? A study by Gartner seems to suggest so. Employees have...

‘Get managers’ approval & take on gig work’: Infosys to staff

In what appears to be an endeavour to control attrition, Infosys will now let its employees work on gig projects, as long as their...

Top performers of Infosys get 20-25% increment

A significant number of employees at Infosys received an increment of 10 to 13 per cent, while the top performers received an increment of...

Who is responsible for retention or attrition of employees — line...

People leave their bosses and not organisations,’ goes the familiar saying. If this holds true, then line managers are to be blamed for the...

Infosys cuts variable pay by 30% in Q1

It has been reported that Infosys has scaled back its variable payout for the first quarter, capping it at 70 per cent, cutting the...

Variable pay of Wipro’s managers, C-suite not released

Pressure on margins and supply-chain challenges are amongst the reasons why Wipro has decided to hold back variable pay of its employees. It is reported...

Early Attrition Affecting Company’s Performance? Avoid It With the Right Hiring...

A company’s attrition rate is the rate at which people leave. It is calculated by dividing the number of people who have left the...

Salary revisions, increase in hiring targets at Infosys

Despite the impact on costs and margins, Infosys is planning to give increments to its employees in the hope of bringing down attrition rate. In...

Attrition rate at HCL Tech increases to 23.8%, net profit up...

As on 30 June 2022, HCL Technologies reported an attrition rate of 23.8 per cent. This is kind of alarming since the attrition rate...

Wipro announces 10% increment, to grant promotions every quarter

In an attempt to control attrition, Wipro, the Indian multinational software company has announced that most of its employees will receive a 10 per...

Policybazaar’s unique contest allows employees to win their own house

Policybazaar, the Indian online insurance marketplace, has concluded the second season of its unique employee-engagement contest aptly called, Jeeto Apna Ghar (JAG). As the name...

TCS grants increments of 5 to 8% to staff, speeds up...

On 8 July 2022, Indian multinational company, Tata Consultancy Services revealed that its employees have been given increments between five to eight per cent,...

Infosys staff can expect at least 12% hike in salary

It is time for employees at Infosys to cheer. The IT major has decided to grant an average salary hike of 12 to 13...

Matchmaking services, wedding increments for SMI staff

Sri Mookambika Infosolutions (SMI), the Madurai-based global technology solutions company, offers free matchmaking services to its employees. Ever since its inception about 15 years ago,...

HCL hikes salaries at entry level

HCL Technologies, the Indian IT multinational, has increased the salary packages that it is offering to freshers. While earlier freshers were paid Rs 3.5...

TCSers log 22 mn learning hours in a Qr; acquire 3.5...

In the last quarter of FY22, employees at India's leading IT services company, Tata Consultancy Services (TCS) logged 22 million learning hours. The Company claimed in...

Life of a recruiter in a high-attrition environment

Endless interviews, chasing the candidates and making them accept the offer, ensuring a right fit for the role and achieving targets to fill up...

Does high attrition always reflect a bad work culture?

When we hear about a company’s high attrition, the common perception is that the work culture is not favourable. Without understanding the context and...

Cognizant records an industry high attrition of 33 per cent

The trend of high attrition rates seems to be uniform for IT companies in the third quarter. However, Cognizant, the US- based tech company,...

Tech Mahindra adds 14,930 employees, attrition jumps to 21% in Q3

Disclosing the results for the last quarter, Tech Mahindra reports that it has onboarded 14,930 new employees. With this, the total strength of the...

Larsen & Toubro Infotech to expand team, take on 5,500 freshers

Larsen & Toubro Infotech (LTI) is gearing to expand its team by 5,500 freshers in the financial year 2022. It is working on increasing...

Wipro to take on 17,000 from campuses

The rising attrition has forced Wipro to ramp up its hiring plan. It now intends to increase its hiring. Earlier, Wipro had announced that...

How MediaTek upskills its R&D talent to minimise attrition

The semi-conductor industry, which manufactures semiconductor chips for smart devices, is currently facing a shortage of supply against an alleviated demand, globally. In a bid...

Latest

Layoffs at Freshworks

Freshworks, a SaaS firm listed on Nasdaq, recently carried out another round of layoffs in its Indian and US offices. The company clarified that...

Do CEOs need HR experience to be effective leaders?

A CEO’s position is one of the most critical within an organisation. As such, the qualifications and experience necessary to become a CEO have...

‘Googlers’ in Zurich stage walkout to support laid-off colleagues

In support of their colleagues who were laid off globally, about 250 Google employees in Zurich recently staged a walkout. The protesters are urging...

UP govt announces DA hike to roadways employees

An empowered committee led by the Department of Public Enterprises has approved an 11 per cent increase in the dearness allowance for employees of...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...