Attrition for the final twelve months stood at 12.5%. Within the third quarter, TCS had reported a sequential headcount dip of 5,680.
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The corporate had added 821 workers through the fourth quarter within the year-ago interval, ending fiscal 12 months 2023 with 614,795 workers, a internet addition of twenty-two,600 over the earlier 12 months.
The agency ended FY24 with 13,249 fewer workers in comparison with FY23.
Additionally learn | TCS This fall Outcomes: Revenue rises 9% YoY to Rs 12,434 crore, beats estimates
Milind Lakkad, chief HR officer of TCS stated: “We’re happy to announce the annual increments for our workforce, as we’ve executed persistently yearly, with prime performers receiving double digit hikes. The lowered attrition at 12.5%, enthusiastic response to our campus hiring, elevated buyer visits and workers returning to the workplace have resulted in nice vibrancy in our supply centres and elevated morale of our associates.”
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Within the second quarter of FY24, TCS rolls had dipped by 6,333 – its steepest drop for the reason that 2008 disaster – as the corporate slowed down hiring. The present fiscal 12 months, which noticed all prime IT firms exhibiting a internet decline of their workforce to this point, will presumably finish with flat or internet unfavourable additions for the $245-billion sector, in response to Teamlease Digital.
Additionally learn | TCS proclaims closing dividend of Rs 28 per share
