Info-tech

TCS to hire 55,000 this fiscal

Our Bureau Mumbai | Updated on November 24, 2017

Expecting stable demand N Chandrasekaran, CEO and Managing Director, TCS, with Phiroz Vandrevala, Directorand Head, Global Corporate Affairs and Ajoy Mukherjee, Vice-President and Head Global Human Resource, ontheir way to announce the company’s results in Mumbai on Wednesday. PAUL NORONHA

Average wage hike of 10% coming

Tata Consultancy Services will recruit 55,000 personnel in 2014-15 as Asia’s largest IT firm expects stable demand for its offshoring and back-office services over the next 12 months.

The Mumbai-based company has already given 25,000 offers to fresh technical graduates. Most of the remaining recruits would be laterals (experienced personnel), said Ajoy Mukherjee, Executive Vice-President, Head, Global Human Resources.

The company said that it would calibrate the hiring numbers depending on how the demand environment shapes up. For 2013-14, the IT major had projected overall hiring of 45,000, but upped the target by another 5,000 during the year.

Finally, the company brought on board 61,200 new employees during the fiscal.

Hits 3-lakh mark

In fourth quarter, TCS became the first Indian IT company with more than 3 lakh employees on its rolls. At present, it employs 300,464 staffers.

The average age of a TCS employee is 29 years, while 32.7 per cent of the workforce comprised women with 118 nationalities represented in the workforce.

In the fourth quarter, the gross employee additions were 18,564 and net employee additions were 9,751 professionals.

Of the gross additions, 7,572 trainees and 7,401 laterals were recruited in India, while 3,591 employees were hired at international locales.

Attrition rate

The company’s overall attrition stood at 11.3 per cent as of March 31, 2014.

Separately, TCS would dish out average wage hike of 10 per cent for its employees based in India.

“I think everybody in the organisation will be happy with the quantum of wage hikes. The top performers would get wage hikes of over 14 per cent hike,” said Mukherjee. Employees in developed markets will get salary increase of 2-4 per cent, while those in other developing markets (such as China, Brazil and South Africa) will get 4-6 per cent rise in overall compensation.

Published on April 16, 2014

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