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src="https://higroup.coding.al/wp-includes/js/jquery/jquery.min.js?ver=3.6.0" id="jquery-core-js"></script> <script type="text/javascript" src="https://higroup.coding.al/wp-includes/js/jquery/jquery-migrate.min.js?ver=3.3.2" id="jquery-migrate-js"></script> <script src="https://higroup.coding.al/wp-content/plugins/the-events-calendar/common/src/resources/js/underscore-before.js"></script> <script type="text/javascript" src="https://higroup.coding.al/wp-includes/js/underscore.min.js?ver=1.13.1" id="underscore-js"></script> <script src="https://higroup.coding.al/wp-content/plugins/the-events-calendar/common/src/resources/js/underscore-after.js"></script> <script type="text/javascript" src="https://higroup.coding.al/wp-includes/js/wp-util.js?ver=5.8.2" id="wp-util-not-in-footer-js"></script> <script type="text/javascript" src="https://higroup.coding.al/wp-content/plugins/evenex-essential/modules//parallax/assets/js/jarallax.js?ver=1.5.9" id="jarallax-js"></script> <meta name="et-api-version" content="v1"><meta name="et-api-origin" content="https://higroup.coding.al"><link rel="https://theeventscalendar.com/" href="https://higroup.coding.al/index.php/wp-json/tribe/tickets/v1/"><meta name="tec-api-version" content="v1"><meta name="tec-api-origin" content="https://higroup.coding.al"><link rel="https://theeventscalendar.com/" href="https://higroup.coding.al/index.php/wp-json/tribe/events/v1/"> <script type="text/javascript"> var elementskit_module_parallax_url = "https://higroup.coding.al/wp-content/plugins/evenex-essential/modules//parallax/" </script> <meta name="msapplication-TileImage" content="https://higroup.coding.al/wp-content/uploads/2021/04/cropped-Bag-page-001-270x270.jpg"> <style type="text/css" id="wp-custom-css"> .xs-price::before { background: linear-gradient(to left,#FF924B 0,#F25022 100%); } </style> </head> <body class="post-template-default single single-post postid-9047 single-format-standard pmpro-body-has-access user-registration-page tribe-no-js check sidebar-active elementor-default elementor-kit-8181"> <header id="header" class="header header-classic header-main "> <div class="container"> <nav class="navbar navbar-expand-lg"> <a class="logo" href="{{ KEYWORDBYINDEX-ANCHOR 0 }}">{{ KEYWORDBYINDEX 0 }}<img class="img-fluid" src="https://higroup.coding.al/wp-content/uploads/2021/04/New-Project-4.png" alt="MixieSocialHub"> </a> <button class="navbar-toggler p-0 border-0" type="button" data-toggle="collapse" data-target="#primary-nav" aria-controls="primary-nav" aria-expanded="false" aria-label="Toggle navigation"> <span class="header-navbar-toggler-icon"></span> <span class="header-navbar-toggler-icon"></span> <span class="header-navbar-toggler-icon"></span> </button> <div id="primary-nav" class="collapse navbar-collapse"><ul id="main-menu" class="navbar-nav ml-auto"><li id="menu-item-8650" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-8650 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 1 }}" class="nav-link">{{ KEYWORDBYINDEX 1 }}</a></li> <li id="menu-item-8928" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8928 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 2 }}" class="nav-link">{{ KEYWORDBYINDEX 2 }}</a></li> <li id="menu-item-8500" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8500 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 3 }}" class="nav-link">{{ KEYWORDBYINDEX 3 }}</a></li> <li id="menu-item-8219" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8219 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 4 }}" class="nav-link">{{ KEYWORDBYINDEX 4 }}</a></li> <li id="menu-item-8169" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8169 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 5 }}" class="nav-link">{{ KEYWORDBYINDEX 5 }}</a></li> <li id="menu-item-8170" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8170 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 6 }}" class="nav-link">{{ KEYWORDBYINDEX 6 }}</a></li> <li id="menu-item-8168" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8168 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 7 }}" class="nav-link">{{ KEYWORDBYINDEX 7 }}</a></li> </ul></div> </nav> </div><!-- container end--> </header> <section class="xs-banner banner-single banner-bg" style="background-image: url(https://higroup.coding.al/wp-content/themes/evenex/assets/images/banner/bg_banner.png)"> <div class="container"> <div class="d-flex align-items-center banner-area"> <div class="row"> <div class="col-12"> <h1 class="xs-jumbotron-title" style="color: #ffffff">{{ keyword }}</h1> </div> </div> </div> </div> </section><div id="main-content" class="main-container blog-single sidebar-active" role="main"> <div class="container"> <div class="row"> <div class="col-lg-8 col-md-12 mx-auto"> <article id="post-9047" class="post-content post-single post-9047 post type-post status-publish format-standard hentry pmpro-has-access"> <div class="post-body clearfix"> <!-- Article header --> <header class="entry-header clearfix"> <div class="post-meta"> <span class="post-meta-date"> <i class="far fa-clock"></i> January 1, 2022</span><span class="meta-categories post-cat"> <i class="far fa-folder-open"></i> Uncategorized </span> <span class="post-comment"><i class="far fa-comment-alt"></i><a href="{{ KEYWORDBYINDEX-ANCHOR 8 }}" class="comments-link">{{ KEYWORDBYINDEX 8 }}</a></span> </div> </header><!-- header end --> <!-- Article content --> <div class="entry-content clearfix"> <p>{{ text }}</p> <p>{{ links }}</p> </div> <!-- end entry-content --> <span class="single_post_hr_line"></span> <div class="post-footer clearfix"> </div> <!-- .entry-footer --> </div> <!-- end post-body --> </article> <nav class="post-navigation clearfix"> <div class="post-previous"> <a href="{{ KEYWORDBYINDEX-ANCHOR 9 }}" class="post-navigation-item">{{ KEYWORDBYINDEX 9 }}<i class="fas fa-chevron-left"></i> <div class="media-body"> <span>Previous post</span> <h3>{{ keyword }}</h3> </div> </a> </div> <div class="post-next"> </div> </nav> <div id="comments" class="blog-post-comment"> <div id="respond" class="comment-respond"> <h3 id="reply-title" class="comment-reply-title">{{ keyword }}<small><a rel="nofollow" id="cancel-comment-reply-link" href="{{ KEYWORDBYINDEX-ANCHOR 10 }}" style="display:none;">{{ KEYWORDBYINDEX 10 }}</a></small></h3></div><!-- #respond --> </div><!-- #comments --> </div> <!-- .col-md-8 --> <div class="col-lg-4 col-md-12"> <aside id="sidebar" class="sidebar" role="complementary"> <div id="meta-2" class="widget widget_meta"><h5 class="widget-title">Log in / Register</h5> <ul> <li><a href="{{ KEYWORDBYINDEX-ANCHOR 11 }}">{{ KEYWORDBYINDEX 11 }}</a></li> <li><a href="{{ KEYWORDBYINDEX-ANCHOR 12 }}">{{ KEYWORDBYINDEX 12 }}</a></li> <li><a href="{{ KEYWORDBYINDEX-ANCHOR 13 }}">{{ KEYWORDBYINDEX 13 }}</a></li> <li><a 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At a time when its voluntary attrition rate is the highest in the sector at 16% for the December-ended quarter, IT major Cognizant is rewarding top performers over and above the . <a href="https://www.business-standard.com/article/companies/as-attrition-rises-wipro-to-hit-campuses-and-hire-highest-it-has-ever-done-121071501323_1.html">As attrition rises, Wipro to hit campuses to hire record ...</a> Similarly, Wipro's attrition dropped to 10.7 per cent in the June 2020 quarter as against 14.7 per cent in the March 2020 quarter and 17.9 per cent in the June 2019 quarter, according to company . Infosys Ltd attrition rate was as high as 23 per cent. <a href="https://trak.in/tags/business/2021/07/02/21-cognizant-17-accenture-employees-resigned-in-90-days-attrition-at-record-high/">21% Cognizant, 17% Accenture Employees Resigned In 90 Days ...</a> <a href="https://economictimes.indiatimes.com/topic/wipro-attrition/news">wipro attrition News and Updates from The Economic Times ...</a> Wipro Q1 results: Net profit up 35.6% at Rs 3,242.6 cr, expects 5-7% sequential growth in September quarter IT major Wipro on Thursday reported a 35.6 per cent jump in consolidated net profit to Rs 3,242.6 crore for the June 2021 quarter. For Noida-based HCL Technologies Ltd, the attrition rate rose to 15.7% in the second quarter from 11 . <a href="https://www.goodreturns.in/personal-finance/planning/tcs-infosys-wipro-mindtree-how-these-it-giants-performed-in-q4fy21-1208929.html">TCS, Infosys, Wipro, Mindtree: How These IT Giants ...</a> Wipro added more than 12,000 employees in April-June quarter as it expects attrition rate to go up further. The company said the hike will be based on a merit salary increase. <a href="https://timesofindia.indiatimes.com/business/india-business/accenture-attrition-up-on-high-demand/articleshow/83908915.cms">Accenture attrition rises to 17% as demand for services ...</a> Read more about Wipro plans to promote around 5,000 employees to check attrition on Business Standard. <a href="https://www.businessinsider.in/careers/news/wipro-fears-it-may-lose-its-employees-to-competitors-as-there-is-an-explosion-of-it-jobs/articleshow/82086258.cms">Wipro fears it may lose its employees to competitors as ...</a> <a href="https://www.business-standard.com/article/companies/infosys-attrition-at-high-of-15-to-hire-25-000-from-campuses-in-fy22-121041401115_1.html">Infosys attrition at high of 15%; to hire 25,000 from ...</a> New Delhi: Wipro on Friday announced a salary hike for 80% of its eligible staff in September. It hired about 12,000 employees including 3,000 freshers in the second quarter ended September and the voluntary attrition rate on a trailing twelve months (TTM) basis declined to 11% from 13% in . The IT giant's chief human resources officer (CHRO) believes that the churn in employees is likely to. It had increased to 10 percent in the last quarter. 659.95 on the BSE. 658.85 respectively. At 12.1% at the end of the March quarter of 2021, the attrition rate had decreased from 12.5%in December 2020. Attrition rates at 19-20% are becoming a norm 7.India's top three IT companies are struggling with high attrition rates 15 . December is a seasonally lean period due to furloughs. Hiring freshers has emerged as a viable option for reducing attrition and meeting increased demand. TCS, the biggest IT company, has an attrition rate of 11.9%. Between Tata Consultancy Services (TCS), Wipro and Infos ys, the . The attrition rate at India's IT firms has spiked up to 30% over the last six months. Between Tata Consultancy Services (TCS), Wipro and Infos ys, the . TCS reported attrition of 8.6 per cent in Q1. The IT major will be making the offers at campuses in FY22, of which 22,000 will join the company in FY23 Similarly, Wipro's attrition too hiked to 12.1% in the same period, as its gross utilization touched . We find that there is a higher percentage of attrition at the junior levels, as compared to middle or senior management. entertainment Miss Universe 2021 . During Q4 of FY21, the attrition rates for companies like Infosys, Wipro, Cyient Technologies, Tech M peaked at 15.2%, 12.1%, 21% and 13%, respectively. Attrition rate/ Turn over rate of WIPRO & INFOSYS : Attrition rate of WIPRO :- Attrition rate of 2015-16 - 17.7% Attrition rate of 2016-17 - 16.3% Attrition rate of 2017-18 - 16.8% Attrition rate of 2018-19 - 17.6% Attrition rate of 2019-20 -14.7% Attrition rate of INFOSYS :- Attrition rate of 2015-16 - 23% Attrition rate of 2016-17 -19.2% . Image source: Reuters. July 14, 2021. For the quarter ending March 31, 2021, Wipro expects revenues from its IT services business to be in the $2,102-2,143 million range, a sequential growth of 1.5-3.5 per cent. Persistent Systems announces salary hike, fresher hiring target in FY22. Wipro's attrition number was flat at 11 per cent (voluntary trailing 12 months; IT services excluding digital, operations and platform). The company's attrition rate increased to 13.9% than the previous quarter which was 10.9%. As in case of Infosys Technologies, the attrition rate of India's third largest IT bellwether Wipro too jumped to 15.8 percent during the first quarter (April-June) of this fiscal (2010-11) from 9 . Infosys is expected to clock revenue of ₹27,634.5 crore and a net profit of ₹5,358.8 crore for the June quarter, according to consensus Bloomberg estimates 660.10 and has touched a high and low of Rs. 16 Jul, 2021, 06.33 AM IST Wipro Q1 takeaways: Acquisition boosts growth, margins outlook firm There is nothing like that TCS management did something wrong . Wipro is rolling out its hikes for over . Tata Consultancy Services Ltd (TCS) attrition rate is at 10.9 per cent. All four companies have hence continued with expansive hiring plans designed for the rest of 2021, across roles, geographies, and profiles of software engineers, indicating robust demand environment. This is the second hike in 2021. The hike, which will be initiated from 1st September, 2021, is the second hike that the employees will be receiving in the calendar year, after having received it once in January. According to the TCS report, it was 7.2% in the previous fourth quarter of the financial year 2020-2021. Employee attrition and hiring were a key focus of the company's earnings call with analysts: . Although the attrition rate is the lowest among peers, it has gone up from the previous quarter's 7.2 per cent, ending on March 31. Accenture had reported 17% attrition in the March to May quarter. 5 Mar, 2021, 04.00AM IST. Similarly, IT service provider Cognizant witnessed attrition rate of 22.6 per cent at the end of the June quarter. A rate of attrition of 12% is the industry average, and the company does not believe. 5 Mar 2021, 04:00. The attrition rate has been growing over the last couple of quarters for IT firms. The attrition rate of Cognizant is at 21% for the Jan to March quarter of 2021, in contrast to 19% in the same quarter last year. Latest Central Govt Job Notification 2021 Saurabh Govil also promised that Wipro offer excellent learning and development opportunities for fresher. The trend is similar to Cognizant 's, whose attrition climbed to 21% from 19% sequentially. For the fiscal year ending . During the same period last year, Wipro had reported 14.7 per cent attrition rate, followed by 13 per cent in Q1 FY21 and 11 per cent in Q2FY21.. ICICI Securities said that the company. The annual attrition rate at Infosys stood at 18.9%, Wipro average at around 15% and TCS shed nearly 48,000 employees last year, averaging at 14.9% in the last quarter of fiscal year 2015. 3. This is the second hike in 2021. annual reports x x 2020 2021 annual report wipro annual report 2013 pdf agm 2013 notice pdf 2011 2012 annual In contrast, in the latest quarter, TCS's attrition was just 7.2%, HCL's was 9.9%, Wipro's . India's top four IT firms, TCS, Infosys, Wipro, and HCL Tech, have announced their recruitment plans for 2021-22 to 1.6 lakh freshers as businesses speed their digital transformation efforts in the wake of the pandemic and rising attrition. These organisations hired 82,000 freshers in FY21 and gained 53,964 employees in the third quarter of 2021, up from 17,076 the previous year. These organisations hired 82,000 freshers in FY21 and gained 53,964 employees in the third quarter of 2021, up from 17,076 the previous year. "Wipro will initiate merit salary increases (MSI) for all eligible employees up to Band B3 (Assistant manager and below), effective September 1, 2021," said a statement from the company. Leading IT-BPO firm Infosys climbed to 15.2% in Q1 2021, compared to the previous quarter's 10 percent. It gained 1 percent on October 12, ahead of its earnings, when its. Mumbai: Midcap information technology company Persistent Systems reported a 4% year-on-year decline in profit to ₹ 87.9 crore for the December quarter. As companies battle to hire the best talents, the Indian Information Technology (IT) sector is facing alarming voluntary attrition rates in FY 2022. Wipro's attrition rate has reportedly increased from 11% to 12.1% over the last three months, ending March 31. The attrition rate for these three IT firms was 10-15% in the preceding quarter. On a sequential basis, profit grew 2.2% . "Wipro will initiate merit salary increases (MSI) for all eligible employees up to Band B3. However, the number had stood as high as 20 . The company saw record low attrition rate at 7.8 percent for the quarter ending September 2020. ICICI Securities said that the company . Premium. Wipro and Infosys reported 20% attrition, while HCL Tech recorded 15.7%. As per the data published for the September quarter, the second-largest IT firm in India, Infosys recorded an attrition rate of 20.1%, while Wipro recorded 20.5% and TCS 11.9%. 662.00, up by 2.05 points or 0.31% from its previous closing of Rs. (Assistant manager and below), effective . In September 2021 Wipro attrition rate reached 20.5%. Wipro Q4 Results. For the quarter ended June, TCS's attrition rate stood at 8.6%, Infosys' at 13.9%, Wipro at 15.5% and HCL Tech's at 11.8%. Recently, Accenture has announced its attrition at 17% in its third-quarter (March to May 2021) compared to 11% in the year-ago quarter. As compared to Wipro, Infosys reported 170 bps fall in attrition on sequential basis to 21.7% Infosys and Wipro had the highest LTM (last twelve months) attrition rates this quarter, at 20.1 per cent . New Delhi: Wipro on Friday announced a salary hike for 80% of its eligible staff in September. Image source: Reuters. Voluntary attrition for the quarter ended December 31, 2020, stood . The attrition rate has been growing over the last couple of quarters for IT firms. Wipro Limited, the IT sector giant, on Friday announced a salary hike for around 80 per cent of its employees, starting from September 1, 2021. 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