India’s largest IT services firm Tata Consultancy Services said that it had added 43,000 freshers in the first six months of the fiscal, its highest in the period so far, and would hire another 35,000 freshers over the course of the year as it looks to meet the growing demand for executing projects it is winning from global customers.
On Friday, the company said that it had added a total of 19,690 employees during the previous quarter, taking its total workforce strength to 528,748. Last quarter, the company had crossed the 5 lakh employees mark. At present, women comprise 36.2% of the total workforce.
TCS said its attrition is at 11.9%, the lowest in the IT industry and is able to retain talent in an era where companies, both within India and globally are fighting to retain people and hire talented professionals to meet growing demand.
“This has been a fulfilling quarter in more ways than one. We brought on board a record number of 43,000 fresh graduates in the last six months. Our Shift-Left training strategy has helped us significantly accelerate their deployment. Investing ahead of time in building our own pipeline of talent has helped us overcome supply-side challenges, and meet the execution timelines of our customers’ growth and transformation programs,” said Milind Lakkad, chief HR officer, Tata Consultancy Services.
“By focusing on organic talent development and by linking learning with careers, we have kept employee satisfaction levels high. At the same time, we continue to scale up programs like Contextual Masters and Elevate to groom the G&T leaders for the workforce of tomorrow,” he said.
Lakkad said that 70% of their employees were now fully vaccinated, with over 95% having received at least one dose. “We plan to gradually get our workforce back in office by the end of this year,” he said.
At the end of September, 2021, the company said that over 417,000 employees had been trained in next technologies, and over 26,000 contextual masters had been identified.