A senior executive of the Tata Consultancy Services also known as TCS, said that they are depending on a quarterly allowance based on the company’s performances to keep their hands of upcoming talent. With rivals of the stature of Infosys Technologies and Wipro, it has to fight a hard battle to win fresh talent from the circuits.

Tata Consultancy Services does not weld Esops as a means of holding back employees. As the demand for Information Technology services kicks into action, the company fights hard against the fall out of their employees. Due to the absence of the Esops policy, the company must reward their senior executives with a rise in salary.

Recently, Infosys celebrated its thirtieth anniversary. It gave out to each of its employees five equity shares. Another additional share was issued for each year of service to the above one lakh strength of the staff of the company.

The slow grinding return of the demand for Information Technology professionals in the previous economical year had been witnessed by Infosys and Tata Consultancy Services. Luckily however, for TCS, the rate of resigning employees was slightly brighter than Infosys. While Infosys lost upto fifteen percent of its staff at its Bangalore base, Tata Consultancy Services lost on thirteen decimal one percent of their employees.

Mister Ajoy Mukherjee is global head of Tata Consultancy Services. He flatly stated that the attrition cannot be done away with. With the pressure, companies like theirs will have to combat such issues wisely. According to him the sudden vigorous growth of Information Technology industry which resulted in the increase in job opportunities is the primary reason for the hike. Other than that of course, an ardent desire to pursue higher education and discontentment regarding the salary adds fuel to the erosion.