Thursday, June 19, 2025

Attrition in IT Industry Won’t Come Down- Apparao V V, CHRO, HCL Tech

- Advertisement -

According to a Business Standard report, Apparao V V, CHRO, HCL Technologies said in an interview with media that no matter what anyone does but attrition that we’re witnessing in the Indian IT industry will not come down because of demand-supply mismatch is very high.

Explaining why are IT companies focusing on high numbers from campus drive Apparao said, “Every company is sitting on deals that are three times what they see. Besides, the war of talent is for the people in the range of three-four years of experience, and again, that pool of people is finite. The only segment the numbers are infinite is in the 0-3 years experience. So everyone is ramping up recruitment from campus hiring,”

HCL Technologies has also announced to hire 20,000-22,000 people from campuses for FY22. This is the highest ever hiring from campus that we’re doing. Apparao said earlier 5 years back, the company was hiring only 4,000-5,000 people on an average of from campuses.

Recently, on July 19, HCL has reported an Attrition Rate at 11.8% in Q1 FY’22 (down from 14.6% last year and but higher from the previous quarter 9.9%). HCL Technologies is also working on a plan to give Mercedes-Benz to Top performers as an activity to boost the employee retention of HiPos.

Apparao said, “Our retention measures are more focused towards top talent. And there the attrition is in single digits.”

“Though we have announced salary hikes across the company as a part of bringing down attrition, it will vary according to the potential and talent of the individual,” he added.

To deal with the Attrition issue, IT Companies are offering cool perks and cash-based incentives to retain their employees as the replacement cost may come at 15-20% higher.

Speaking on the employee vaccination part and back to office, Apparao said that getting vaccines was not an issue for the company. Almost 74% of employees are vaccinated with at least one dose and by the end of this quarter the company will be able to vaccinate all its employees.”

“From the point of view of returning to workplace, we have mapped which segment of people are not required to come to office and who are required to be in office” he added.

“The company is looking at a September time frame to get back a percentage of people back,” he said.

However, a lot will also depend on clients. Even they are yet to make their minds up on whether they want people to come back to office or whether they prefer the WFH model,” said Apparao.

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

Atlassian co-founder Scott Farquhar steps down as co-CEO

Scott Farquhar, Co-Founder and co-CEO of Atlassian, a software...

Cognizant, Microsoft Partner to Expand Generative AI Adoption

An American multinational information technology services and consulting company,...

Paytm is inviting applications for Internships, WFH & Hybrid Jobs

An Indian multinational financial technology company, Paytm is inviting...

TCS to hire 40,000 freshers via NQT online exam, apply until February 10, 2021

TCS to hire 40,000 freshers via NQT online exam,...

Global capability centres (GCCs) to hire 500,000 people in India

According to ET reports, Global capability centres (GCCs) of...

Google Layoffs: 250 employees walk out in protest over layoffs

250 employees of Tech giant google in Zurich have...

Wipro launches AWS Skills Guild Program: Step Up

Wipro Limited, leading technology services and consulting company, announced...

IndiGo appoints Saguna Vaid as general counsel with effect from Dec 1

IndiGo airlines has appointed Saguna Vaid as its general counsel...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/