TCS attrition continues to inch up; firm to hire 40,000 in Q1FY23

Attrition rate was 17.4% in Q4FY22; lower than peers, higher than firm's own rate a year ago

India's largest IT services provider Tata Consultancy services for the fiscal 2021-22 added over 100,000 employees from campus, but its attrition continued to inch up. For the Q4FY22 the company's attrition was at 17.4 per cent.

Though the 17.4 per cent could be less than peers, which will be soon announcing their numbers, it has zoomed up from a year before. For the Q4FY21 the company had reported attrition of 7.3 per cent. Even for the quarter gone by, Q3FY22, TCS attrition was 15.3 per cent.

Management said that though on the LTM basis the numbers are high, on an incremental basis