Bengaluru: Accenture’s Atrition jumped to 17% in the third quarter (March-May), compared to 11% a year ago, because demand for new age skills rose with a company engaged in massive digital transformation.
Friction is 12% in the December-February quarter.
This trend is similar to cognizant, whose friction rose to 21% from 19% in sequence.
For TCS and Wipro, friction in the January-march quarter each with a low of 7.2% and 12.1%.
Infosys saw it rose to 15.2%, from 10% in sequence.
The company’s executive said that the number is expected to go north because demand increases.
A better comparison with Accenture will be possible when their April-June quarter numbers come out.
“As we think about friction, now check the pre-covid level in the hot market even though it is not the highest we have ever seen,” said the Chief Executive of Julie Sweet in a post-analyst conference call last week.
Sweet explains that friction has risen because of sustainable demand for services from clients who want to change their business.
“The dynamics on the market that we see are not only recovered from lower expenditure patterns at the beginning of the pandemic, but the growth of demand is more sustainable when racial companies to modernize and accelerate their digital initiatives with compressed transformations,” he said.
Accenture added 32,000 people in the last quarter, took their employees to 569,000 on May 31.
This gives 117,000 years promotions to date, including nearly 1,200 promotions to manage directors.
The company said it had visited 50,000 employees, their families and contractors in India to date.