Tietoevry Results Presentation Deck
Attrition and inflation at high levels
High attrition level continues - rolling 12-month attrition stabilized
at 16.3% in Q2'22 (16.5% in Q1'22), compared to 11.7% in Q2'21
Net personnel increase in Q2'22 when adjusting for divestments -
driven by approx. 1 200 new hires
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Tietoevry Create has successfully increased personnel base by ~850
employees since Q2'21 (approx. +11%)
Tietoevry Connect performance improvement programme contributed to
net reduction of ~300 personnel from Q2'21 (approx. -6%), while
increasing offshore ratio by ~6% to ~50%
Divestment of Russian legal entity reduced Group personnel by approx.
100 in Q2'22
Estimated salary inflation approximately 4% in 2022 - annual
salary increases took effect from 1 April
tietoevcy
Attrition
% last twelve months (voluntary)
11.7
Q2 21
23 610
Personnel
End of period
Q2 21
13.5
1 300
Q3 21
Q2 21
23 860
New hires
In quarter
Q3 21
1 600
Q3 21
14.6
Q4 21
24 389
Q4 21
1 700
Q4 21
16.5
Q1 22
24 356
Q1 22
1400
Q1 22
16.3
Q2 22
24 363
Q2 22
1 200
Q2 22View entire presentation