New Delhi: Tata Consultancy Services (TCS) has announced that it plans to hire over 40,000 candidates directly from the campus in the coming months, as the demand for IT services increases manifold in the post-COVID era. Is.
TCS, India’s largest IT services company, announced its bumper hiring plans along with posting record profits for the second quarter of the current fiscal. However, the company is currently facing a talent war against other IT companies and Indian tech startups.
TCS said the company’s job loss rate has increased to 11.2% in the second quarter of FY22. TCS Chief Human Resource Officer Milind Lakkar said that job losses are expected at a higher level in the next two to three quarters. He also said that the high death rate is ‘worrying’.
“We may have to increase our hiring volume or velocity a bit more than we usually do because of the increased workload,” Lakkad said. In the first half of fiscal year 2012, the company hired 43,000 new graduates, exceeding the target announced by the company in July 2021.
TCS is now also planning to hire over 35,000 persons in the second half of the current financial year. This means the company will hire a total of 78,000 new graduates by the end of FY12, if it meets its targets. Read also: shocking! Flipkart customer orders iPhone 12 worth Rs 53,000, finds soap worth Rs 5 inside the box
“Investing ahead of time in building our 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 combining learning with career, we have kept employee satisfaction levels high,” Lakkad told The News Minute. Read also: After selling Air India to Tata, Center now plans to monetize 3 other AI subsidiaries, Alliance Air