{"id":24835,"date":"2024-04-12T11:43:37","date_gmt":"2024-04-12T11:43:37","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/12\/tcs-reports-dip-in-q4-hiring-full-year-attrition-cools-to-12-5\/"},"modified":"2024-04-12T11:43:37","modified_gmt":"2024-04-12T11:43:37","slug":"tcs-reports-dip-in-q4-hiring-full-year-attrition-cools-to-12-5","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/12\/tcs-reports-dip-in-q4-hiring-full-year-attrition-cools-to-12-5\/","title":{"rendered":"TCS reports dip in Q4 hiring, full-year attrition cools to 12.5%"},"content":{"rendered":"
\"TCS<\/div>


\n<\/p>\n

India\u2019s largest IT major Tata Consultancy Services<\/a> (TCS<\/a>) reported a dip on the hiring front in the fiscal fourth quarter. The company saw headcount decrease by 1,759 since the last quarter, ending FY24 with a headcount of 601,546.<\/p>\n

Attrition for the last twelve months stood at 12.5%. In the third quarter, TCS had reported a sequential headcount dip of 5,680.<\/p>\n

<\/p>\n

\n
\n

Elevate Your Tech Prowess with High-Value Skill Courses<\/h3>\n\n\n\n\n\n\n
Offering College<\/th>\nCourse<\/th>\nWebsite<\/th>\n<\/tr>\n
MIT<\/td>\nMIT Technology Leadership and Innovation<\/td>\nVisit<\/a><\/td>\n<\/tr>\n
IIM Lucknow<\/td>\nIIML Executive Programme in FinTech, Banking & Applied Risk Management<\/td>\nVisit<\/a><\/td>\n<\/tr>\n
Indian School of Business<\/td>\nISB Product Management<\/td>\nVisit<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

<\/div>\n

The company had added 821 employees during the fourth quarter in the year-ago period, ending fiscal year 2023 with 614,795 employees, a net addition of 22,600 over the previous year.<\/p>\n

The company ended FY24 with 13,249 fewer employees compared to FY23.<\/p>\n

Also read |<\/strong> TCS Q4 Results: Profit rises 9% YoY to Rs 12,434 crore, beats estimates<\/a><\/p>\n

Milind Lakkad, chief HR officer of TCS said: \u201cWe are pleased to announce the annual increments for our workforce, as we have done consistently every year, with top performers receiving double digit hikes. The reduced attrition at 12.5%, enthusiastic response to our campus hiring, increased customer visits and employees returning to the office have resulted in great vibrancy in our delivery centres and elevated morale of our associates.”<\/p>\n

\n
\n
\n
\n

Discover the stories of your interest<\/h3>\n<\/div>\n
<\/span><\/span><\/div>\n<\/div>\n<\/section>\n<\/div>\n


In the second quarter of FY24, TCS\u2019 rolls had dipped by 6,333 – its steepest drop since the 2008 crisis – as the company slowed down on hiring.The current fiscal year, which saw all top IT companies showing a net decline in their workforce so far, will possibly end with flat or net negative additions for the $245-billion sector, according to Teamlease Digital.

Also read |<\/strong> TCS announces final dividend of Rs 28 per share<\/a><\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

India\u2019s largest IT major Tata Consultancy Services (TCS) reported a dip on the hiring front in the fiscal fourth quarter. The company saw headcount decrease by 1,759 since the last quarter, ending FY24 with a headcount of 601,546. Attrition for the last twelve months stood at 12.5%. In the third quarter, TCS had reported a […]<\/p>\n","protected":false},"author":2,"featured_media":24836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/88591548.cms","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[29974,14032,11395,6744,6847,1905,5385,6179,29971,29970,19077,29972,29973],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/24835"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=24835"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/24835\/revisions"}],"predecessor-version":[{"id":24837,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/24835\/revisions\/24837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/24836"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=24835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=24835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=24835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}