TCS Employee Attrition: IT Firm's attrition drops to 12.5%, top performers receive double-digit hikes
TCS Employee Attrition: IT firm Tata Consultancy Services (TCS) on Friday, April 12 announced its fourth quarter results. The company reported a net profit of ₹12,434 crore in the fourth quarter, registering a growth of 9.1 per cent year on year (YoY) basis.
Meanwhile, the company also witnessed a drop in attrition rate at 12.5 per cent, indicating an improvement from the third quarter at 13.1 per cent. Also Read | TCS Q4 Results Live Updates: Net profit at ₹12,240 crore, revenue at ₹61,237 crore, announces dividend at ₹28 per share IT services firm's annual increments for its workforce stood in double digits for its top performers.
TCS workforce stood at 601,546 as of March 31, 2024. The IT company claimed to have a diverse employee base, with 35.6 per cent women and with 152 nationalities.
Milind Lakkad, Chief HR Officer, said, “We are pleased to announce the annual increments for our workforce, as we have done consistently every year, with top performers receiving double-digit hikes. The reduced attrition at 12.5%, enthusiastic response to our campus hiring, increased customer visits, and employees returning to the office have resulted in great vibrancy in our delivery centres and elevated morale of our associates." Also read | TCS Dividend: Board recommends final dividend of ₹28/equity share; check details N Ganapathy Subramaniam, Chief Operating Officer, and Executive Director, said, “Our Q4 performance is robust, with broad-based deal wins across industries and geographies.
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