{"id":222727,"date":"2025-01-24T03:32:26","date_gmt":"2025-01-24T03:32:26","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/24\/it-attrition-inches-up-signals-demand-pick-up-the-times-of-india\/"},"modified":"2025-01-24T03:32:26","modified_gmt":"2025-01-24T03:32:26","slug":"it-attrition-inches-up-signals-demand-pick-up-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/24\/it-attrition-inches-up-signals-demand-pick-up-the-times-of-india\/","title":{"rendered":"IT attrition inches up, signals demand pick-up &#8211; The Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i2.wp.com\/static.toiimg.com\/thumb\/msid-117502921,imgsize-1176533,width-400,resizemode-4\/117502921.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"IT attrition inches up, signals demand pick-up &#8211; The Times of India\" title=\"IT attrition inches up, signals demand pick-up &#8211; The Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>BENGALURU: Some Indian IT firms have shown an uptick in attrition rates, signalling a moderate pickup in the demand environment and opportunities opening up for specialised roles.<br \/>HCLTech&#8217;s attrition rate inched up to 13.2% from 12.9% in the previous quarter and 12.8% in the year-ago period. &#8220;Our attrition stands at 13.2% on an LTM basis, slightly higher compared to the previous quarter, which is a natural consequence of the demand pickup,&#8221; its CEO C Vijayakumar said during the earnings call.<br \/>The company&#8217;s HR head, Ramachandran Sundararajan, said that the attrition rate would stabilise and conclude FY25 at 13.2%. HCL added 2,134 employees in the Dec quarter, taking the total headcount to 220,755.<\/p>\n<div data-pos=\"0\" class=\"id-r-component QbQNS undefined  &#10;        \">\n<div><img decoding=\"async\" alt=\".\" msid=\"117502899\" width=\"600\" title=\"\" placeholdersrc=\"https:\/\/static.toiimg.com\/photo\/83033472.cms\" imgsize=\"23456\" resizemode=\"4\" offsetvertical=\"0\" placeholdermsid=\"\" type=\"thumb\" class=\"\" src=\"https:\/\/static.toiimg.com\/thumb\/imgsize-23456,msid-117502899,width-600,resizemode-4\/117502899.jpg\" data-api-prerender=\"true\"\/><\/div>\n<\/div>\n<p>Among these firms, Wipro records the highest attrition at 15.3%, showing an increase from 14.1% in the first quarter. Nevertheless, the company&#8217;s leadership indicates that new resignations are decreasing and expects the attrition rate to decline. TCS saw an increase in attrition to 13% in the December quarter from 12.1% in the June quarter. Infosys also witnessed a rise, with rates climbing from 12.7% at the year&#8217;s outset to 13.7% at the current level. <br \/>Quess Corp IT staffing CEO, Kapil Joshi, says the spike in attrition is due to demand reviving in retail, manufacturing, and the BFSI. &#8220;Attrition is expected to stabilise at 12-13% by FY26 as the sector adjusts to moderated demand and implements optimised workforce strategies,&#8221; Joshi estimates.<br \/>Experis&#8217; president, Sanju Ballurkar, indicates that whilst current attrition rates are rising, they remain lower than the 20% witnessed during the pandemic period, primarily due to increased demand for AI-related expertise. Industry analysts suggest that global capability centres&#8217; competitive recruitment practices have influenced these patterns. NLB Services&#8217; CEO, Sachin Alug, suggests that IT services organisations need to match GCCs&#8217; career advancement opportunities to regain their competitive position. The Dec quarter saw headcount decline, with three of five IT firms reporting decreased numbers. The top five Indian IT companies recorded a collective reduction of 2,587 personnel, contrary to the Sept quarter&#8217;s addition of 15,033 staff.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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