Attrition Rate

  • India tops global attrition chart; one in four to switch jobs June 8, 2013

    New Delhi: As the growth trends firm up in job market, India is set to witness highest attrition rate globally with possibility of one in four employees switching jobs in the country, a survey said on Friday. The survey conducted by global human resource and management consultancy major Hay Group also...
  • More employees quit Infosys than its net hiring January 13, 2011

    Bangalore: Country's second largest software firm Infosys Technologies lost more employees than its net hiring during the October-December quarter. While the company hired 11,067 employees in the third quarter this fiscal, nearly 5,756 exited the organisation during the same period, taking the net addition to 5,311,...
  • Worries there, but expansion still on for TCS August 31, 2007

    New Delhi: Tata Consultancy Services (TCS) is on an expansion spree. The contracts signed recently by the software exporter are to the tune of over $1 billion dollars, which includes the latest one with telecom major BSNL worth $140 million and the biggest being $800 million with UK-based Pearl Group....
  • TCS wins $16 million contract from Australian firm August 22, 2007

    New Delhi: Indian IT giant Tata Consultancy Services is on an expansion spree. The IT major has just signed a $16 million outsourcing contract with Australian firm AGL. The agreement supports AGL's strategy of moving from internal IT to an outsourced solution. It will help the Australian firm save around $60...
  • TCS facing resource crunch for its $1.5 billion contract? August 31, 2007

    New Delhi: India’s largest software exporter Tata Consultancy Services is close to buying an $1.5 billion worth outsourcing contract with the UK-based Prudential Insurance. Sources in the industry say, the company is in initial discussions with investment bankers for a possible deal. If successful, this will the IT major’s second...
  • BPOs refuse pay hikes, hire 'freshers' at low costs July 14, 2007

    New Delhi: BPOs have always had to deal with high attrition rates, poorly skilled employees, talent shortage and data theft. And now some of the top BPOs instead of trying to retain employees by way of pay hikes are rather saying ‘no’ to appraisals. Players in the BPO industry—which has witnessed...
  • Indian IT companies look for low-cost destinations July 12, 2007

    New Delhi: It was not so long ago that the IT companies in United States and Europe viewed India as a 'low cost' destination in terms of technology, services and manpower. Today, much like their US counterparts, Indian IT companies are looking for low-cost destinations like Malaysia and Philippines...
  • Infosys to hire 26,000 by 2008, won't cut salary hikes July 11, 2007

    New Delhi: IT bellwether Infosys revealed on Wednesday that it plans to hire 26,000 fresh employees out of which starting-level professionals are likely to constitute a majority and a considerable number of recruitments would be done from overseas. “We have hired from all over the world and have accelerated hiring...
  • Young IT professionals get 'greedy' about salaries July 1, 2007

    Hong Kong: Multinational companies in China have a hard task hiring people with leadership skills while in India they face unreasonably demanding fresh graduates, a survey shows. The fast pace of business expansion in Asia's two emerging economic powerhouses has created a talent shortage and a host of challenges for employers. "Staff...
  • ONGC to put exploration back on track November 24, 2006

    New Delhi: Winds of change are set to sweep India's state-owned exploration behemoth Oil and Natural Gas Corporation Ltd (ONGC) as it gears to delayer authority for greater efficiency, transparency and result-oriented approach. The makeover to inculcate business sense in scientists is set to start with the exploration team followed...