Tuesday, September 30, 2025
spot_img

TCS attrition continues to be high, Campus Hiring to be 40,000 in Q1FY23

spot_img
- Advertisement -

India’s largest IT services provider, Tata Consultancy Services (TCS) for fiscal 2021-22 had added over 100,000 employees from campus but speaking about its attrition continued to be high.

Commenting on the attrition, Management said that though on the LTM basis the numbers are high, on an incremental basis the numbers are coming down. “The 17.4 per cent is because of the way LTM is calculated. I also believe that this will get worse before its starts to come down. We are already seeing on individual basis the attrition numbers are tapering down,” said Rajesh Gopinathan, CEO & MD, TCS.

The Q4FY22 the company’s attrition was 17.4 per cent. Though the 17.4 per cent could be less than peers, which will soon announce their numbers. For the Q4FY21 the company had reported attrition of 7.3 per cent. Even for the quarter gone by, Q3FY22, TCS attrition was 15.3 per cent.

The company also said that going forward from now, its hiring momentum will be similar to the last fiscal, “And we will start with a campus hiring number of 40,000 for the Q1 of Fy23,” said N Ganapathy Subramaniam, COO, and executive director, TCS.

The company has added 35,209 employees on a net basis for the fourth quarter ended on March 31, 2022. This was the highest ever net addition in any quarter and in any year, the IT behemoth added.

The total number of employees stood at stood 592,195 at the biggest employer in India.

Commenting on Q4FY22, Milind Lakkad, Global HR Head, TCS, said: “With the highest ever net addition this year, consistently highest talent retention, benchmark talent development metrics, continued focus on health and well-being and numerous industry awards, we have reaffirmed TCS’ position as the #1 employer of choice.”

The company has reported a 7.35 per cent year-on-year rise in net profit to Rs 9,926 crore for the fourth quarter ended in March, 2022. The company posted a net profit of Rs 9,246 crore in the corresponding quarter last year.

The consolidated revenue of TCS, jumped 16 per cent year-on-year to Rs 50,591 crore during the quarter under review. It was at Rs 43,705 crore in the corresponding quarter a year ago.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Unlock 2.0 Guidelines & Rules, What to Remain Closed?

Unlock 2.0 Guidelines & Rules: The Centre on Monday issued...

Reliance Jio is hiring freshers for GET & various other roles, Apply

An Indian telecommunications company and a subsidiary of Jio...

Remote work leads to massive surge in hacking globally: Report

Remote work leads to massive surge in hacking globally:...

Beyond Gender Diversity: Expanding the Scope of Inclusivity in the Workplace

In today's globally interconnected business landscape, a company's capacity...

Tech Mahindra introduces TechMVerse, metaverse practices

IT Major, Tech Mahindra, part of Mahindra Group has...

Why Performance Appraisals are dying? And what is the future?

Performance Management and appraisals has been a topic of...

IAMAI appoints Google India MD Sanjay Gupta as Chairman

Industry body IAMAI on Thursday said Google India Vice President and Managing Director Sanjay Gupta has...

TCS Ninja Hiring 2025 – Any Freshers Can Apply, Register Today

India's largest IT services provider company, Tata Consultancy Services...

Related Articles

Sheenu Pradhan
Sheenu Pradhanhttps://sightsinplus.com/
Sheenu Pradhan, Editor Content, SightsIn Plus. She has over 8 years of experience in human resources. Prior to this, she has been associated with Wictor Chemicals India, Wipro, and Shakti Plas Industry.