1. Tata Consultancy Services’ FY15 attrition level at a decade high

Tata Consultancy Services’ FY15 attrition level at a decade high

While TCS lost 14.9% of its workforce in FY15, the company lost a total of 47,931 employees in the year, and over 13,000 of whom came in the fourth quarter itself.

By: | Mumbai | Updated: June 30, 2015 10:02 AM
TCS FY15 attrition level

While TCS lost 14.9% of its workforce in FY15, the company lost a total of 47,931 employees in the year, and over 13,000 of whom came in the fourth quarter itself. (Reuters)

Despite Tata Consultancy Services (TCS) remaining the country’s largest IT services exporter by quite a distance, the company’s annual attrition level stood at 14.9% in FY15 — its highest in the last decade, according to the company’s latest annual report.

The total number of employees at TCS stood at 319,656 people at the end of March 31, 2015. In the year, the company made a net addition of 19,192 employees and a gross addition of 67,123 employees.

While TCS lost 14.9% of its workforce in FY15, the company lost a total of 47,931 employees in the year, and over 13,000 of whom came in the fourth quarter itself.

The company’s attrition level in the last decade stood as follows — 11.3% (FY14), 10.6% (FY13), 12.2% (FY12), 14.4%(FY 11), 11.8% (FY10), 11.4%(FY09), 12.6% (FY08), 9.9% (FY07), 6.5% (FY06).

TCS’s global head and vice-president for human resources, Ajoy Mukherjee, attributes this attrition to a buoyant job market. “It (attrition) has been primarily because of the sectoral trend. The number of opportunities that are there (have been rising) and everybody is hiring. In fact, we also hired 67,000 people at this point during this year,” TCS’s Ajoy Mukherjee told analyst in June.

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  1. A
    Ajoy Mukherjee
    Jun 30, 2015 at 6:20 pm
    Bunch of losers running this company don't know to how to run. After unjustified firing,.....people are leaving like cats and dogs....but their gimmick of 25 yrs celebration bonus not working ....lol..vestors!!!!! not safe to invest in this company...
    Reply
    1. A
      Angel
      Aug 30, 2015 at 1:54 pm
      The bosses kept hiring and with shabby future projections. They kept doling out ry increases to retain seniors. Suddenly industry slowed, future projections tell flat. They had to trim the fat. So the bosses knee jerked, started laying off low hanging fruit, under the pretext of performance. In the ruckus, the laid off started a movement, while the relatively market worthy guys also started feeling insecure. There was panic. Senior account executives spent several trips to address attrition of the better performers. But still it had started sliding. Exodus began. Then came the big TCS bonus. And then the NO dividend at Tata Motors.
      Reply
      1. A
        asok
        Jun 30, 2015 at 8:34 pm
        TCS is exploiting IT professionals by asking for 14 to 16 hours without any remuneration which is main reason of attrition rate which will go on increasing day by day. This company is dominated by TAMILS who are suppressing to other people badly.
        Reply

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