Because of the increased demand for IT and technology workers, attrition rates in prominent IT businesses such as Cognizant, Accenture, Infosys, and Wipro are at an all-time high. In the IT industry, a battle for talent is raging.
![](https://static.wixstatic.com/media/f5aa75_6162a977943546a29e0a68298d4e8ca5~mv2.png/v1/fill/w_980,h_551,al_c,q_90,usm_0.66_1.00_0.01,enc_auto/f5aa75_6162a977943546a29e0a68298d4e8ca5~mv2.png)
The attrition rate in the hot market has returned to pre-pandemic levels, according to media from Accenture. In the March to May quarter, Accenture reported a 17 percent increase over the previous year's figure of 11 percent.
In the January-March quarter of FY21, Cognizant reported an all-time high attrition rate of 21%, up from 19% in the previous quarter.
In the January to March quarter, Infosys had the highest attrition rate of 15.2%, followed by Wipro, the third-largest IT firm, with a 12.1 percent attrition rate.
In the past, TCS has consistently recorded a low attrition rate when compared to its comparable IT firms. In the fourth quarter of FY 2021, it was at its lowest, at 7.2 percent.
![](https://static.wixstatic.com/media/f5aa75_f9cf0151ae1c40e1964dc94ebfa0e743~mv2.jpg/v1/fill/w_300,h_168,al_c,q_80,enc_auto/f5aa75_f9cf0151ae1c40e1964dc94ebfa0e743~mv2.jpg)
“We are happy to announce great financial results for the second quarter of FY21, and our firm has returned to pre-pandemic financial results a quarter sooner than projected and with a difficult compare,” Julie Sweet, CEO of Accenture. She went on to say that because demand for tech workers is at an all-time high, Accenture's staff attrition rate has returned to pre-pandemic levels. It is, however, not the company's top level.
In a letter to shareholders in Wipro's Annual Report FY21, Chairman Rishad Premji stated that with the change to digital, demand will greatly outpace supply.
“Employee attrition rate remained a source of worry for the company, as overall attrition (quarterly annualized) in Q1 was at 21%, compared to 19% in the prior quarter,” stated Brian Humphries, Cognizant's Chief Executive Officer. Among leading IT organizations, it has the greatest attrition rate.
Stay tuned to get more updates!
Comentários