India’s largest IT giant Tata Consultancy Services (TCS) could end Fiscal Year 2022 with fresher hiring of 100,000, the highest ever not just by the company in a financial year but also by any IT services player in India and multinationals.
TCS has onboarded 77,000 freshers till December 2021, which is higher than the earlier target of 55,000 in the Fiscal Year 2022 and much above the 40,000 hired in the Fiscal Year 2021.
“As you know, we had onboarded 43,000 freshers in the first half of the year, all trained on the latest technologies. And in our last call, we had indicated plans of hiring another 34,000 in the second half. I am happy to inform you that we achieved the figure in Q3 itself and are now planning to hire some more in Q4.” said- Global Head HR- Milind Lakkad
“Fresher hiring continues to be through our national qualifier test (NQT). However, we have increased its frequency to cater to our unprecedented volumes of hiring.” Milind added.
TCS attrition inched up to 15.3% compared to 11.9% in the second quarter.
Commenting on the attrition he said, Addressing the attrition, Milind said, “In addition, we have been tactically responding to the increasing attrition by benchmarking our compensation levels with the market and promoting over 110,000 employees this year so far and plan another 40,000 before March 2022″
“All this has helped us contain the number of departures and retain the best of our talent. On an LTM basis, our attrition and IT services were at 15.3% in Q3. The arithmetic of LTM calculations means that this metric might rise further in Q4, but we believe that the churn is stabilizing for now. Nevertheless, we will continue to closely monitor this metric.” He added.
Details for Hiring
The company is inviting applications for TCS Off Campus for YoP 2019, 2020 & 2021. Under this, the IT major is hiring B.E./B.Tech/M.E./M.Tech/MCA/M.Sc from the Year of Passing 2020 and 2021. Click here for details
TCS Smart Hiring for Year of Passing 2020, 2021 & 2022. This is exclusively for BCA, B. Sc (Maths, Statistics, Physics, Chemistry, Electronics, Biochemistry, Computer Science, IT), B. Voc in CS / IT from the year of passing 2020, 2021 & 2022. Click here
Along with Freshers hiring, the company has started the biggest recruitment drive ‘REBEGIN’ for women professionals who are looking for job opportunities after a career gap. Click here.
The company has added 28,238 people in Q3FY22 with a total headcount of 556,986. An important milestone is that the number of women in the TCS crossed 200,000 which is 36% of the workforce.