Where 14% attrition is just A B(asic) Normal Rate

TCS to hire 20,000 in Q2 & 60,000 in FY12; chasing 12 large deals: CEO - The Economic Times: "MUMBAI: Tata Consultancy Services (TCS), India's largest software services exporter, expects uncertainty in the global economy to continue for some time, and also expects to hire up to 20,000 people this quarter, its chief executive said.

'The company during second quarter is expected to hire 17,000 to 20,000 people,' CEO MD N Chandresekaran said here.

The company plans to hire about 60,000 people in the ongoing financial year (2011-12). During the quarter ended June 30, the company made a gross addition of 11,988 employees, while 8,412 left the organisation. The net remaining with the organisation stood at 3,576 headcounts, taking total headcount to 2,02,190.

The attrition rate during the first quarter was 14.8 per cent as compared to 14.4 per cent last quarter (Q4 FY11).

"During the first quarter, attrition does tend to go up but for us it is just 0.4 per cent. People leave for higher studies and there are also cases of dissatisfaction because of the wage hike in April quarter causing certain amount of attrition.

"If you ask me attrition rate is high but is also reflective of growth in the industry. Going foreward we expect 13-14 per cent attrition rate to live with, but we believe it will come down," TCS Vice-President and Head (Global HR) Ajoy Mukherjee said..."