One of India’s largest IT firms, Tata Consultancy Services, recently announced in a statement that it had added 43,000 freshers in the first six months of the fiscal year 2021, its highest in the interval so far, and would hire 35,000 more freshers over the course of the year. TCS says that it looks forward to meeting the growing demand for executing further projects it is winning from its global clients.
A total of 78,000 freshers will be onboarded in FY22. The company also stated that it had added 19,690 workers through the earlier quarter, taking its complete workforce to 528,748. Last quarter, the corporation had crossed the 5 lakh workers’ mark.
“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. 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,” said Milind Lakkad, chief HR officer, Tata Consultancy Services.
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TCS registered Rs 46,867 crore in revenues for the quarter, up 16.8 per cent year-on-year (YoY) and Rs 9,624 crore in net profits, a 14.1 per cent YoY growth which was below market estimates.
Lakkad further added that 70% of TCS’ workers have now been fully vaccinated, with over 95% having obtained no less than one dose. Lakkad says that the company plans to get its workforce back to office by the end of this year. At current, women comprise 36.2% of the overall workforce at TCS.