Attrition

Kerala to develop local early warning systems for disasters: CM Vijayan

The Kerala government has decided to focus on scientific use of land and deployment of localised early warning systems as part of its efforts to tackle Wayanad-like landslides and other disasters in the future, Chief Minister Pinarayi Vijayan has said. He said the landslide forecasting systems were in the "infancy" stage and his government now wants to "strengthen" Kerala's institutes and departments meant for studying climate change by providing them enhanced manpower and modern equipments. More than 230 people lost their lives even as an equal number of body parts were found from under the debris and from the Chaliyar river after the worst-ever disaster of the state destroyed large tracts of three Wayanad villages-- Punchirimattom, Chooralmala and Mundakkai apart from some in Attamala when the disaster struck on July 30. Speaking to PTI during an interview over the weekend, Vijayan said, "In an era of climate change, fragility is a matter that needs to be balanced with respect to

India Inc likely to see an average salary hike of 9.6% in 2024: EY report

The highest salary hikes are expected to be seen in e-commerce (10.9%), financial services (10.1%), and professional services and real estate (10% each)

TMS Ep607: C-level attrition, Interim Budget, banks' Q3 results and more

Can non-poaching pacts fix C-level attrition? Will Interim Budget 2024 revive demand and investment? Which should you watch out for in banks' Q3 results? What is UPI for secondary market? Answers here

With 123,000 new employees in FY23, bank hiring to hit 10-year high

The highest annual net addition among banks was recorded in FY11 at 125,000, followed by 124,000 in FY12

IT engineering firms, LTTS, and Cyient struggle with high attrition rates

IT engineering cos provide product engineering services in auto, aerospace, medical device, and utility sectors. On the other hand, software engineering firms are mostly engaged in software products

TMS Ep556: Data security, IT attrition, Zerodha MF, Aadhaar biometrics

Who protects Indian citizens' data? Why are IT companies bleeding talent at the top? Should you invest in Zerodha's mutual funds? How to lock your Aadhaar biometrics? All answers here

BFSI companies go the whole hog to retain talent, prevent poaching

Companies are providing internal career switch opportunities with promotions, upskilling opportunities, quarterly incentives, and Esops across the ranks to retain talent

Attrition of women in IT sector doubled compared to men since December

Data suggest that most women are switching to jobs closer to home or even taking on gig/freelancing jobs that offer more flexibility

As costs and attrition bite, companies look at small towns for talent

During November 2022 and April 2023, there has been a 40% jump in recruitment from tier-2/3 cities

Women employees attrition races past men at TCS as work-from-home ends

Largest tech company TCS on Tuesday said attrition among its women employees has raced past the same for men, hinting that the end of work-from-home may have a role to play in it. Its chief human resources officer Milind Lakkad said that historically, the attrition among women employees who constitute over 35 per cent of the over 6 lakh-strong workforce has been lower or similar to that of men, and called the development as "unusual". "...I would think working from home during the pandemic reset the domestic arrangements for some women, keeping them from returning to office even after everything normalised," he said in an interview published in the company's annual report. Lakkad acknowledged that the higher attrition among women is a "setback" to the Tata Group company's efforts to promote gender diversity and added that the company is focusing on reversing the trend. The annual report did not reveal the exact attrition number on the basis of gender. Its overall attrition peaked

Compensating employees with money cuts attrition rate to 5%: Report

The report was conducted to study the impact of research and recognition on attrition in India in 2022. Over 100 firms and one million employees participated in the project

Cognizant to lay off 3,500 employees in 2023 amid declining revenue

In the quarter ended March 31, the company reported a margin of 14.6%, among the lowest in the industry

TMS Ep 418: IT attrition, Covid-19 wave, ITC stock, heatwave

How is Indian IT dealing with high attrition rate? Can India shrug off the Covid-19 wave? Does the rally in ITC stock have more legs? What is a heatwave? All answers here

Attrition in IT firms to go back to pre-pandemic levels by October: Experts

In their Q4 results, two of the three IT majors in India, TCS, and Infosys, showed that high attrition was still a problem

TCS may consider giving 12-15% hikes to top employees to curb attrition

TCS is also planning to raise base salaries in its campus recruitment drives. If implemented, this is likely to make Infosys, HCL Technologies, and Wipro follow suit

Despite slower attrition rate, headcount down for Infosys in Q4

Infosys reported a net reduction even as rival TCS added 821 employees in Q4

TCS attrition rate drops to 20.1%, remains far from pre-pandemic levels

The total headcount of TCS stands at 614,795 as on March 31, 2023

India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes

Zomato chief delivers pep talk on Twitter amid string of high-profile exits

Says more than 200 staffers have spent over seven years at the company; Many are on their second (and third) stint, and have been around since 2011 or 2012

Info Edge: Investors must wait for sell-off to end before making new entry

The guidance says there are clear signs of a slowdown in IT hiring, with supply pressure easing and lower attrition