TCS to add around 80,000 freshers this year
Bengaluru, 9 October IT services major Tata Consultancy Services will hire around 80,000 fresh college graduates this year as it looks to meet the growing demand seen in the technology outsourcing market.
On Friday, the company said 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 in the rest of this year.
For the second quarter ended September, the Mumbai-headquartered firm had added a total of 19,690 employees, taking its total workforce strength to 528,748.
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 of TCS at the press conference.
"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 added.
However, it saw its attrition rates inching up to 11.9 per cent in Q2 of FY22 from 8.6 per cent reported in the first quarter. Despite the rise, the company has the lowest attrition rate in the industry.