Attrition rate at TCS increases to 11.9% in Q2 from 8.6% in Q1
The IT major said that it has added 19,690 employees during the September quarter on a net basis
Tata Consultancy Services on Friday said that its attrition rates has increased to 11.9% in the September quarter as against 8.6% in the previous quarter, and has expressed concerns on the same. Addressing a press conference, the management of the company said that the current levels of attrition is set to continue in the next two to three quarters. The IT major said that it has added 19,690 employees during the September quarter on a net basis.
With this, the total headcount increased to 5,28,748 as of September 30, comprising 157 nationalities and women making 36.2% of the base.
Full workforce in office
The company said that the ability to attract and retain talent at scale and its continued investments in developing organic talent, has enabled the company to match the incremental demand in newer technologies using internal candidates.
Adding to that, the IT giant has unveiled plans to bring back employees to office desks, with 70% of the workforce fully vaccinated and over 95% with at least one shot.
By the end of the year, the company plans to bring back its entire workforce back to office. The management of TCS is already inviting senior level employees who are fully vaccinated back to office.
For the second quarter, the company had reported a consolidated net profit of Rs 9,624, an increase of 29%, while the revenue jumped by 17%.