Page 2 - Attrition

TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high

Net profit has crossed the Rs 10,000-crore mark for the first time

Pay gap rising between freshers and top management in Indian IT companies

The packages of freshers have increased marginally, by 20 per cent, since 2010, while the packages of CXO-level employees have gone up by 70-90 per cent

Battling attrition in India, HCL to hire 1000 employees in Brazil

IT services giant's attrition grew to 23.8 per cent in the first quarter of FY23

80% of IT employees need better reason to go to office, says report

Several companies, the report claims, have introduced higher variable pay and employee engagement budgets while cutting down the internet allowance to make employees return to the office

IT industry logged 25% attrition in FY22, trend to continue: Report

Non-technology lapping up as employees seek work flexibility and opportunities for career development

Productivity 'hyper focus' hurting employees, causing attrition: Report

Only 9% of managers say hybrid work model gives them confidence that employees are productive

As managers, workers clash on WFH, companies resort to surveillance tools

A Microsoft survey revealed that 87 per cent of bosses say that the workers worked less efficiently from home as compared to the office, and 80 per cent of workers said otherwise

Further correction in IT stocks not ruled out amid multiple headwinds

The IT industry is seen as a hedge against rupee depreciation

Goldman Sachs plans to cut several hundred jobs starting this month: Report

While the total number is less than some previous rounds, the reductions are a resumption of Goldman's annual culling cycle that it had largely paused during the pandemic.

To hustle or not: Everything you need to know about 'Quiet quitting'

Quiet quitting is defined as performing only the jobs that are assigned to an employee by the employer and not going above and beyond the job description

Homegrown Twitter rival Koo lays off 40 employees in 'realignment' move

A Koo spokesperson told IANS thatAthe platform is at a phase of rapid growth as it steers digital inclusion for native language speakers

Companies using stay interviews to contain high attrition rates: Report

In the stay interviews, companies have a conversation with their employees to show that they are important to the organisation

Falling margins, high attrition, moonlighting causing trouble for IT sector

Wipro, one of the four IT majors in India, announced that it will withhold the variable pay of mid, and senior-level employees for the June qtr (Q1FY23) due to poor financial health

Attrition to remain high as millennials demand better pay, promotion: PwC

Most employees in India may not return to offices yet and are more inclined towards the remote and hybrid work model, shows PwC survey

Why are top PSU companies not hiring?

Post pandemic, the private sector stepped up hiring, absorbing a bulk of skilled workforce. But what about the public sector giants? Are they matching up to India Inc in hiring? Let's find out

IT industry's 'people' conundrum may delay its revenue growth targets

The current talent crisis may delay the industry's efforts to move up the value chain by delinking headcount and revenue streams

What are ESOPs?

Employers looking to attract and retain talent are going beyond offering traditional benefits like allowances, special pay packages etc. One such compensation is ESOPs. Find out what are ESOPs

What do Q1 IT earnings tell us about the sector's health?

The Q1 results of IT companies were disappointing as the profitability margins came lower than estimated. With a US recession on the horizon, are there reasons to worry about the IT sector's health?

Infosys Q1FY23 results: Here's how brokerages have interpreted the numbers

Going ahead, brokerages believe that the margin headwinds like travel costs, wage inflation will continue to persist in Q2FY23 as well.

Attrition continues to hit margins at top-tier IT companies in Q1FY23

Talent retention has eroded not only their margins but also any gains they may have made from rupee depreciation