Gross hiring in top IT companies in FY17 may fall on lower attrition

Posted on 06th May 2016 | 1107 views

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According to a research report gross hiring in top companies declined due to lower attrition rates. The report mentioned that attrition rates at Infosys, Wipro, TCS and HCL are at 2-3-year low. Drop in attrition levels are expected to ease wage hike pressures with some lag effect.

Gross hiring in top IT companies in FY17 may fall on lower attrition

Moreover, lower churn and stable project teams are also expected to facilitate project- level automation and innovation initiatives. Hence, less attrition level leads to reduction in total hiring numbers and shift in favor of campus/freshers; laterals hiring will be calibrated. TCS observed fall of its visa applications in April 2016 as compared to April 2015.

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