TCS, Infosys, WiproIndias big tech giants hire 51,000 in Q3 alone – Times Now

TCS, Infosys, WiproIndias big tech giants hire 51,000 in Q3 alone  |  Photo Credit: iStock Images

Three of India's largest IT companies TCS, Infosys, and Wiproannounced their December quarter (Q4FY22) results on Wednesday. All three reported healthy jump in financials propelled by business growth across geographies and segments and new deal wins.

However, high levels of attrition, christened as the Great Churn or the Great Resignation in the post-Covid setting, continue to plague the industry amid heavy demand for tech talent in an all-pervasive digital transformation push.

Out of the three companies that announced their results for the quarter ended December 31, 2021, Salil Parekhs Infosys seemed to be at the receiving end of the great resignation, witnessing an attrition rate of 25.5% followed by Wipro at 22.7% while TCS managed 15.3%. To mitigate the situation, the three companies collectively hired 50,994 employees during Q3.

TCS hired 28,238 new employees during the period, Infosys hired 12,450 and Wipro added 10,306 new faces to its workforce.

Jobs & promotioms galore

TCS: TCS said it crossed a new milestone in its diversity journey in Q3, with the number of women in its workforce crossing 200,000. The company added 28,238 employees on a net basis, taking the total number of employees to 556,986 as on December 31, 2021.

Milind Lakkad, TCS, Chief HR Officer said the company also hired 34,000 freshers in Q3 in addition to 43,000 rookies it hired in H1more than the companys full-year fresher hiring numbers in prior years. It also gave promotions to 1.1 lakh workers during the period with plans for 40,000 in Q4

On the talent retention side, we continue to be the industry benchmark. By continuing to invest in our people, giving preference to internal candidates for the most exciting open positions, providing global deployment opportunities, fast track career paths linked to learning, and promotions to over 110,000 employees, we have been able to retain our best talent and overcome supply-side challenges, said Lakkad.

Infosys: Indias second-largest IT company plans to hire 55,000 freshers for FY22 as part of its global graduate hiring program.

Its total headcount as of December 2021 was 2,92,067 as compared to 2,79,617 in the previous quarter and 2,49,312 as of December 2020.

Wipro: At 22.7%, the company reported a spike in attrition as compared to 20.5% and 15.5% witnessed in second and first quarters. However, the company added 10,306 employees during Q3, taking its overall headcount to 231,671 employees. Over the last year, Wipro has added 41,363 employees to its headcount on a net basis. During the quarter, 10,306 new employees were hired by the company.

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TCS, Infosys, WiproIndias big tech giants hire 51,000 in Q3 alone - Times Now