TCS Not Seeing Rise in Staff Departures
MUMBAI --Tata Consultancy Services Ltd. isn't seeing any rise in staff departures, a senior executive said Wednesday, unlike its competitors where employee resignations have increased as a revival in demand for outsourcing services has opened up more job opportunities.</br></br>Staff resignations had fallen during the economic crisis when most software companies froze recruitments and fired people as they cut costs to wade through the slowdown. But most of the companies are now back in the market for hiring staff as they get new orders.</br></br>Tata Consultancy is India's largest software exporter by revenue. Last week, its nearest rivals Infosys Technologies Ltd. and Wipro Ltd. confirmed that staff resignations have risen in the past three months.</br></br>In a bid to control the rise in staff resignations, most technology companies are offering a raise in salaries. While Infosys increased staff pay in October and is considering another hike in April, Wipro raised salaries in February.</br></br>"We will announce a (salary) hike in April," Tata Consultancy Chief Financial Officer S. Mahalingam told reporters on the sidelines of an industry conference. He didn't say what will be the quantum of the pay raise.