Infosys Vs TCS Vs Wipro vs Cognizant vs Accenture: Attrition rates compared
As demands for skilled hands in cloud computing, data analytics and digital technologies are increasing, salaries for engineers in IT companies have soared as much as 40 per cent. The trend of higher wage increases for this group of engineers, who comprises 40-45% of the workforce at the largest IT outsourcing companies may continue as most firms see faster growth in the share of their digital business, said a Hindustan Times report. The report, however, also cites high number of employees actually resigning among this group, including Infosys, TCS, Wipro, Cognizant, Accenture Plc, Cognizant and others that, in turn also leads to rise in attrition at these firms.
Barring Tata Consultancy Services Ltd (TCS), all IT companies have reported higher attrition rates during the April-June quarter. This attrition rate comes between 17 and 22 percent overall. Image source: Reuters
1. Tata Consultancy Services Ltd (TCS) attrition rate is at 10.9 per cent. Image source: Reuters
2. Infosys Ltd attrition rate was as high as 23 per cent. Image source: Reuters
3. Similarly, IT service provider Cognizant witnessed attrition rate of 22.6 per cent at the end of the June quarter. Image source: Reuters
4. Azim Premji led company Wipro’s attrition rates were 17.7% by the end of the June quarter. Image source: Reuters
5. Accenture Plc, which follows a September-August fiscal year, reported 18 per cent attrition in the June-August period. Image source: Reuters