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  • 20-22 lakh IT professionals expected to leave their jobs by 2025: TeamLease report Sep 29, 2022 06:10 PM IST

    20-22 lakh IT professionals expected to leave their jobs by 2025: TeamLease report

    The survey indicated that 57 percent of IT professionals would not consider returning to the IT services sector in the future.

  • Now seniors too! Job offer shopping may soon enter boardrooms Sep 15, 2022 10:41 AM IST

    Now seniors too! Job offer shopping may soon enter boardrooms

    Using job offers as a bargain for a better opportunity is not a new phenomenon. India Inc, especially the tech sector, has been facing it a lot. However, now senior employees including VPs, and SVPs who eventually become CXOs, are following the practice.

  • Are you ‘quiet fired’? Understanding the nitty gritty behind 'silent killers' at the workplace Sep 08, 2022 06:04 PM IST

    Are you ‘quiet fired’? Understanding the nitty gritty behind 'silent killers' at the workplace

    How can an employee know if things are getting a little tricky and his/her manager is going for a ‘quiet firing’? And what can be done?

  • No! Employees aren't giving up on their jobs: Busting myths around Quiet Quitting Sep 05, 2022 11:29 AM IST

    No! Employees aren't giving up on their jobs: Busting myths around Quiet Quitting

    As the term Quiet Quitting gains resonance across India Inc, several myths have sprung up around the term. Moneycontrol dispels some false assumptions around the trend.

  • What are boomerang employees? Aug 30, 2022 05:52 PM IST

    What are boomerang employees?

  • It's boom time for the boomerang corps Aug 25, 2022 12:53 PM IST

    It's boom time for the boomerang corps

    India Inc. is seeing a growing trend of employees leaving start-ups and returning — or 'boomeranging', in HR-speak — to their erstwhile employers. It is a win-win for all parties.

  • Inflated salaries, falling margins, slowing demand: Why Indian IT companies are cutting variable pay Aug 25, 2022 10:41 AM IST

    Inflated salaries, falling margins, slowing demand: Why Indian IT companies are cutting variable pay

    High levels of attrition, increasing travel costs, and fears of a recession that’s affecting demand for IT services are putting pressure on margins of tech companies.

  • Demystifying the complexities of employee compensation Aug 13, 2022 06:26 AM IST

    Demystifying the complexities of employee compensation

    The objectives of compensation management are to attract, engage and retain employees through competitive compensation plans that align with the company budget, corresponding job market, and government regulations

  • Infosys CEO sees moderation in attrition over coming quarters Aug 10, 2022 03:28 PM IST

    Infosys CEO sees moderation in attrition over coming quarters

    The comment of Infosys top honcho assumes significance as soaring level of attrition, leading to higher employee costs, is denting the profitability of IT players. While the high level of attrition at large IT companies, including Infosys, has alarmed analysts, Parekh stressed that attrition measured on a quarterly basis has already started showing notable signs of improvement for the Bengaluru-headquartered firm.

  • Wipro’s Rishad Premji feels Indian IT is in a perfect storm; here's why Aug 10, 2022 12:18 PM IST

    Wipro’s Rishad Premji feels Indian IT is in a perfect storm; here's why

    For the tech services industry, Rishad Premji said he is excited about how the next five-seven years will unfold and added that India has the unique advantage of talent.

  • Cognizant cuts revenue guidance, attrition zooms to 36% Jul 28, 2022 02:34 PM IST

    Cognizant cuts revenue guidance, attrition zooms to 36%

    Growth across the company’s key verticals was also impacted barring communications, media and technology

  • Top 5 Indian IT companies hire 59,704 employees in Q1  Jul 26, 2022 01:17 PM IST

    Top 5 Indian IT companies hire 59,704 employees in Q1 

    TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra’s net workforce additions stood at around 85,720 in the fourth quarter of the last financial year

  • Tech Mahindra hired 6,862 freshers in Q1, attrition rate declined Jul 25, 2022 04:36 PM IST

    Tech Mahindra hired 6,862 freshers in Q1, attrition rate declined

    Tech Mahindra had added around 6,106 new hires in Q4FY22 and 5,209 in the same quarter last year.

  • Wipro to dangle promotions every quarter up to mid-management, roll out hikes in September Jul 11, 2022 02:16 PM IST

    Wipro to dangle promotions every quarter up to mid-management, roll out hikes in September

    Reports said that several employees will receive a 10% pay hike and top performers could get more.

  • TCS attrition rises to 19.7% in Q1FY23, 14,136 employees added during the quarter Jul 08, 2022 05:16 PM IST

    TCS attrition rises to 19.7% in Q1FY23, 14,136 employees added during the quarter

    The company’s headcount as of June 30 is 6,06,331, up from 5.92 lakh employees last quarter.

  • Attrition to peak next quarter amid change in IT job trends, hiring patterns: Happiest Minds MD Jun 15, 2022 11:26 AM IST

    Attrition to peak next quarter amid change in IT job trends, hiring patterns: Happiest Minds MD

    Happiest Minds reported high attrition rates in the last financial year and the level has risen steadily. From 12.1 percent in FY21, it jumped to 17.8 percent in Q2 of FY22, 21.1 percent in Q3, and 22.7 percent in Q4.

  • HCL Tech monitoring crisis in Sri Lanka daily, sees no work disruption: CHRO Apparao May 16, 2022 10:11 AM IST

    HCL Tech monitoring crisis in Sri Lanka daily, sees no work disruption: CHRO Apparao

    In 2020, HCL Technologies opened a global development centre in Colombo. Currently, the company’s 1,700-odd employees are working from the island nation amid an economic crisis and political turmoil.

  • MC Interview | At Dell, we are championing hybrid work as a permanent feature: Ritu Rakhra May 12, 2022 02:43 PM IST

    MC Interview | At Dell, we are championing hybrid work as a permanent feature: Ritu Rakhra

    Rakhra, Regional HR Head (India), talks to Moneycontrol about the hybrid model of work, how the company has been encouraging employees to balance life and work and the war for talent

  • Wipro to hire 38,000 freshers in FY23, as attrition spikes to 23.8% Apr 29, 2022 04:30 PM IST

    Wipro to hire 38,000 freshers in FY23, as attrition spikes to 23.8%

    The company hired 19,000 freshers in FY22, and made the highest ever addition of 45,000 people last fiscal. This is a multi-fold jump from 14,826 people it added in FY21.

  • Infosys, Labour Ministry to meet on May 16 to discuss non-compete agreement Apr 28, 2022 05:54 PM IST

    Infosys, Labour Ministry to meet on May 16 to discuss non-compete agreement

    The company was absent from the first round of discussion that was scheduled on April 28. In the next meeting, representatives from the ministry and Infosys are expected to be present along with the union that filed the complaint seeking removal of the agreement from offer letters.

  • Labour Ministry calls Infosys for joint discussion on non-compete clause Apr 27, 2022 06:52 PM IST

    Labour Ministry calls Infosys for joint discussion on non-compete clause

    As per the clause, employees who have quit the firm are banned from working with the clients, with who they were associated for 12 months before they quit.

  • Job tenure: 18 months is the new long term at the workplace Apr 26, 2022 03:53 PM IST

    Job tenure: 18 months is the new long term at the workplace

    Employees and talent managers argue that priorities have changed: quality of work and enjoying what you do have taken precedence over monetary gains.

  • Non-compete clauses in IT firms: Much ado about nothing? Apr 22, 2022 07:34 PM IST

    Non-compete clauses in IT firms: Much ado about nothing?

    On April 18, an IT union filed a complaint with the labour ministry against Infosys, seeking the removal of a clause that banned former employees from working in rival firms for the same customers for six months.

  • Non-compete clause standard, won’t limit career growth: Infosys Apr 20, 2022 08:48 PM IST

    Non-compete clause standard, won’t limit career growth: Infosys

    While these provisions are not new and are common among companies, they have gained prominence against the backdrop of increased attrition. Infosys reported 27.7 percent attrition for the quarter ended March 31, 2022.

  • IT employees union files complaint against Infosys, seeks removal of non-compete clause Apr 20, 2022 10:47 AM IST

    IT employees union files complaint against Infosys, seeks removal of non-compete clause

    This comes in the backdrop of IT major’s Q4 earnings that showed the attrition continues to spike amid a robust demand environment. The company hired 85,000 freshers in the year ended March 31, 2022, while the attrition stood at 27.7 percent.

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