SME Times is powered by   
Search News
Just in:   • Forex reserves rise by $2.7 bn  • US govt shuts down as Senate fails to pass stopgap budget  • SIAM expects to release documents on hybrid fuel vehicles in Auto Expo   • Mauritius India's largest FDI source in 2016-17  • Mercedes launches India's first BSVI fuel-compliant vehicle 
Last updated: 12 Jan, 2018  

TCS.Thmb.jpg Marginal decline in TCS attrition rate

   Top Stories
» Jaitley calls for CSR compliance by corporates
» Modi to attend World Economic Forum annual meeting
» Industry welcomes TRAI proposal on in-flight mobile calls, Internet services
» Unemployment may cripple economic growth, says skill minister
» Jaitley meets state FMs in pre-Budget consultation
SME Times News Bureau | 12 Jan, 2018
Global software major Tata Consultancy Services (TCS) on Thursday reported 0.2 per cent sequential decline in the attrition rate to 11.9 per cent during the third quarter from 12.1 per cent last quarter of fiscal 2017-18.

"The total attrition rate, including Business Processing Services, fell sequentially to 11.9 per cent in the third quarter from 12. 1 per cent in the second quarter," said TCS Human Resources Global Head Ajoy Mukherjee in a statement here.

The IT services attrition rate for the last 12 months also fell 0.2 per cent in Q3 to 11.1 per cent.

Though the company hired 12,534 techies during the quarter under review, exit of 10,867 engineers resulted in a net addition of 1,667 new people, taking the headcount to 390,880 by December 31 from 389,213 last quarter.

"Localisation initiatives continue with 2,929 employees recruited outside India, bringing their total to 9,908 from 6,979 a quarter ago," said Mukherjee.

Employee reskilling initiatives, focused on building digital competencies at scale using anywhere anytime access are helping the company to retain employees despite disruptive technologies changing the landscape.

"Our company enjoys best in class employee retention rates," said Mukherjee.

The percentage of women rose to 35.2 per cent in Q3 and the total number of nationalities in the workforce is 131.

"Our philosophy of investing in the people and empowering them is resulting in an engaged, energised and empowered workforce that is central to our success," added Mukherjee.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 21 Jan, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(26)
» GST Council reduces GST rates on 18 handicrafts items(2)
» List of items for which anti dumping duties has been levied with related notifications(1)
» Districts to be export units, says Commerce Minister(1)
» FIEO urges states to help, support exporters particularly MSMEs(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter