TCS, Wipro, HCL chalk out plans to retain employees amid high attrition
2 years, 5 months ago

TCS, Wipro, HCL chalk out plans to retain employees amid high attrition

Live Mint  

The rising attrition rate has continued to be a big concern for the IT companies in India due to increased demand for technology talent. As per the regulatory filing to the stock exchanges, the attrition rate in the Indian IT services major Tata Consultancy Services was at 19.7% in the past 12 months. Here are some of the significant strategies adopted by IT majors to retain employees amid high attrition rate: 1. Tata Consultancy Services Following the company's annual compensation review, employees received salary increases of 5 to 8%, with top performers getting even bigger hikes, TCS said in its Q1F23 financial report. Wipro Wipro recently announced offering promotions starting to its employees every quarter starting July this year, and also salary hikes from August.

History of this topic

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