The corona virus epidemic has changed the way the world works. During this time, all the companies preferred Work from Home. Employees’ schedules have also changed. During the Corona period, employees’ loyalty to their company has increased.
This is because the IT sector employees have changed jobs in less time. Employees are now giving more preference to job security. HR data from the country’s leading IT companies have confirmed that the epidemic has changed the perception of employees towards their jobs.
TCS has the lowest employee leave rate.
During the third quarter of the current financial year ended December 31, 2020, IT companies had the lowest rate of employees leaving. Tata Consultancy Services (TCS), India’s largest IT company, has one of the lowest jobs ever. TCS was followed by HCL Tech and Wipro, the country’s third and fourth largest IT companies. In both these companies, the employee leave rate was the lowest in three years.
Talking about the September quarter, the rate was 8.9 percent in TCS, which has now come down to 7.6 percent in the December quarter. At HCL Tech, this figure has come down from 12.2 per cent to 10.2 per cent. At Wipro, the rate is stable at 11 per cent. If you talk about Infosys, India’s second largest IT company, then the rate of employees leaving here has increased slightly during the December quarter to 10% as compared to September quarter.
In this context, Infosys COO Praveen Rao said that the number of employees voluntarily leaving the job in his company has come down to 10 per cent, which is less than 14 to 15 per cent of their comfort band. Jyot Joshi, vice president of researcher firm Everest Group, said that in this period of uncertainty, employees do not want to leave their current job.