LAKKAD
TCS promotes over 1.1 lakh employees in FY25; to hire 42,000 trainees in FY26 despite deferred increments
Tata Consultancy Services promoted over 1.1 lakh employees in FY25 to manage growth and address attrition, even while postponing annual increments. The company plans to hire approximately 42,000 trainees in FY26, mirroring the previous year's intake. These employee-related cost interventions, primarily promotions and merit-based advances, impacted the firm's financials by nearly 100 basis points.
TCS to increase fresher hiring further in FY26, says CHRO Milind Lakkad
TCS is poised to amplify fresher hiring from engineering campuses in FY26, exceeding the current fiscal year's 40,000 target. This expansion aligns with positive growth projections and a resurgence in campus recruitment. The company is also bolstering its higher cadre workforce and investing in training programs, including AI and GenAI skills development, to meet evolving industry demands.
TCS announces plans to hire 40,000 freshers this year
TCS's robust growth in Q2 includes hiring 5,452 employees, with plans to recruit 40,000 more this year. CHRO Milind Lakkad affirmed India's talent appeal amid AI concerns, emphasizing reskilling and a revamped variable pay policy linked to office attendance for 70% of returning employees.
Current quarter trajectory better than in last three quarters; we are hopeful FY25 will be better than FY24: TCS CFO
TCS leaders discuss integrating with top academic institutions, AI evolution, margin improvement, productivity focus, back to office transition, campus hiring, diversified portfolio growth, and expectations for FY25. Samir Seksaria says: "The pricing is stable, so it is a more disciplined execution and focus on operational rigour which has delivered this margin."
TCS reports dip of 5,680 employees during December quarter
IT major Tata Consultancy Services reported a net fall of 5,680 employees in headcount in the third quarter (Q3) of FY24 taking the overall headcount to 603,305 as on December 31, 2023.
After ending work from home, TCS now asks employees to follow dress code
India's largest IT services company, TCS, has asked employees to follow a proper dress code as they return to the office. Approximately 70 per cent of TCS's workforce has already transitioned back to office-based work. TCS's Chief Human Resources Officer emphasized the importance of integrating the new workforce with the existing TCS community.
Work from office needed to learn ‘TCS way’: CHRO Milind Lakkad
TCS’s headcount saw a net fall of 6,393 employees in Q2 of FY24, taking the overall headcount to 608,985. Further, the headcount fell by 7,186 compared to the year-ago period.
‘Back to office’ trend triggers higher attrition among women employees of TCS
In a note to shareholders in the annual report, Milind Lakkad, HR head of TCS said that historically women’s attrition at TCS has been similar or lower than men’s attrition; however, that has changed now.
Women attrition races past men at TCS as work from home ends
Largest tech company TCS on Tuesday said attrition among its women employees has raced past the same for men, hinting that the end of work-from-home may have a role to play in it.
Generative AI like ChatGPT will be a co-worker, will not replace jobs: TCS
The introduction of platforms like ChatGPT has led to concerns on whether a trained human is needed at all to deliver the work which a technology company offers to clients.
No layoffs at TCS: Indian IT giant to give salary hike to employees soon
TCS will not lay off its employees, but will also look to recruit impacted workers, according to Chief Human Resources Officer of TCS Milind Lakkad.
TCS not considering layoffs, hiring impacted employees from startups: CHRO Milind Lakkad
TCS chief human resources officer Milind Lakkad said the company, which employs over 6 lakh people, will be announcing hikes similar to earlier years.
70% of TCS employees to get full variable pay in Q2
The company also said that it has brought onboard 20,000 freshers this quarter, and “honoured” all the offers made amid a larger industry trend of delaying fresher joining due to a weak demand environment
TCS says moonlighting 'ethical issue'; no action taken against any staff
The company's Chief Executive Officer and Managing Director Rajesh Gopinathan said that an employee is barred from working for any other organisation as part of the service contract.
TCS manpower cost as a percentage of revenue has dipped by 20 bps: Milind Lakkad
“We invest significantly in talent development and it has been our core competency and a differentiation in the market for many years.”
Will expand initiatives like youth employment, bridgeIT: Milind Lakkad
The Mumbai-based software services exporter’s mission is to connect people to opportunities in the digital economy, focusing on women, youth and the marginalized.
TCS building a future-ready 'talent cloud'
TCS is also working on a “25x25 model”, under which at any point of time about 25% of the workforce will be needed in the office to be 100% productive.
TCS pilots gig-type working models in pandemic's wake
India's largest IT-services company is currently running pilots on its internal projects to test out some of these models. These pilots are expected to run for three to six months.
Like last year, TCS to hire 40,000 freshers
In the US, apart from engineers, TCS has also been recruiting graduates from the top 10 B-schools. It’s hiring both freshers and experienced professionals for key business roles. “Local delivery is not new to us, we just had to increase the scale,” said Lakkad. TCS has hired more than 20,000 Americans since 2014.
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