Financial Daily from THE HINDU group of publications
Wednesday, Jun 22, 2005
Financial Daily from THE HINDU group of publications Wednesday, Jun 22, 2005 |
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Info-Tech
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Human Resources TCS to hire 13,500 more Our Bureau
Mr S. Padmanabhan, Head-Global, Human Resource Development, TCS,, at a press meet in Mumbai on Tuesday. - Shashi Ashiwal
Mumbai , June 21 TATA Consultancy Services (TCS) will make a net addition of 13,500 employees, including 2,000 overseas, to its workforce during the current fiscal. Of the 13,500 net additions, 6,500 are campus recruits who were given offer letters last year, and will be joining this month, said Mr S. Padmanabhan, Executive Vice-President in-charge of Global Human Resources Development, at a news briefing here today. Typically, 60 per cent of the annual recruits are from campuses. This year, TCS has recruited 58 people from the top tier management institutes. Another 150 will be hired from other management schools, he said. The rest are likely to be parallel hires, ones made from industry, where people with experience of two and more years will be sought. Overseas, recruitments will be made in Eastern Europe, Latin America, Australia and the US, said Mr Padmanabhan. As the company had graduated over the last five years from winning contracts of $10 million to those of $50-100 million, a sharper global profile to its workforce was necessary, he said. In addition to Mainframes and Unix, there was demand for package skills in SAP, Oracle applications, Seibel, PeopleSoft, i2, PLM and Design Engineering, Embedded Software, EAM and the like, he said. The company's net employee addition during the previous fiscal was around 10,000, said Mr Padmanabhan. TCS, along with its subsidiaries had over 47,000 employees as on March 31, 57 per cent of whom have more than three years experience, he said. The company's employee attrition rate, which has been rising for the last few years, was 8 per cent in 2004-2005. The rate, compared to the industry's attrition range of 12-15 per cent, is low.
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