At TCS, Over 2 Lakh Women Employees; Attrition Rises, Hiring Expands
India's largest IT service company now has over 2 lakh women in employment. That's 36% of its total workforce of 5,56,986 employees. A tad less than the 39.6% at Infosys Ltd., albeit in a smaller workforce of 2,92,067 employees. At Wipro Ltd. the total headcount stands at 2,31,671 at the end of the third quarter, of which women constitute 36.3%.
The representation of women at senior levels has increased by 68% between 2016-21, TCS said in its quarterly earnings statement.
Hiring And Attrition
In the October - December quarter, TCS added a net 28,238 employees, its highest ever in a quarter it said. Infosys added 12,450 employees and Wipro just over 10,000.
The quarter also saw TCS attrition rise to 15.3% from 11.9% in Q2. But, that's lower than the 25.5% at Infosys (20.1% in Q2) and 22.7% at Wipro (20.5% in Q2).
In its earnings statement TCS said it saw signs of attrition bottoming out. It also said the second half hiring target of 34,000 freshers had been consumed in Q3 itself and the company intends to continue hiring in the fourth quarter. In the first half of the fiscal year TCS hired 43,000 freshers. At this pace, the Tata company's gross hires for FY22 may come close to or exceed one lakh this year.
At Infosys, the global graduate hiring program has been expanded to 55,000 for FY22, as per its Q3 earnings statement. Wipro has so far hired 17,500 freshers in FY22 and intends to double that next fiscal, the company spokesperson said.
All three leading IT services companies reported their third quarter earnings on Wednesday.
Wipro Q3 Revenue At Higher End Of Guidance, Attrition Up
Infosys Raises FY22 Revenue Growth Guidance
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