Adding and losing a large company every year

The number of additions and the number leaving at IT majors like TCS look like the number of employees at "large" tech  firms- that is like adding and losing a big company every year. An interesting way to run a business.

TCS to hire 50,000 in FY 13 - The Economic Times: "The company had successfully undertaken the largest ever hiring effort in its history by adding and integrating 70,400 professionals during 2011-12.

"With business demand continuing to be robust, we have made 43,600 offers on campuses for trainees to join us from the second quarter of this fiscal year. Our efforts to increase retention by engaging with our employees and offering them a progressive career path are paying dividends with attrition rates falling further to 12.2 per cent," Mukherjee said.

The company has maintained high utilisation rates in the fourth quarter with utilisation excluding trainees at 80.6 per cent, while utilisation including trainees was at 71.3 per cent. The overall attrition rate was lower at 12.2 percent with IT attrition at a low of 11.05 per cent and BPO attrition at 21.6 percent.

The average age of a TCS employee is 28 yrs and 62.4 percent of the workforce has more than 3 yrs experience while 31.6 percent of the workforce comprised of women."