TCS to hire 37,000 students from campuses
MUMBAI: On Tuesday Tata Consultancy Services (TCS) said that it plans to hire 37,000 professionals for its domestic and overseas markets through campus placements in the next fiscal.
TCS Head (Global Human Resources), Ajoyendra Mukherjee told reporters, “We plan to hire 37,000 professionals through campus recruitments in FY 12. We have so far visited 171 institutions pan-India.”
“Our hiring ratio will be around 54:46 trainee and lateral respectively,” he said. “The demand is strong and we hope it will continue to grow in the coming days,” he added.
Last year the company had hired 27,500 professionals through campus recruitment.
The country’s largest software exporter said it has hired 50,000 personnel in the nine-month period ended December 2010 and expects to add another 12,000-15,000 in fourth quarter.
TCS added 20,219 people (gross) during the quarter (Q3 FY 11), its highest addition yet, taking its total headcount to 1,86,914 at the end of the December quarter.
Mukherjee also said, “Given the strength of business demand, we have exceeded the hiring target of 50,000 employees we had set for this fiscal year.”
TCS CEO and Managing Director, N Chandrasekaran said, “Our short-term challenge is we have to continue to retain people although the attrition rate has come down in Q3 FY 11.” The company faces the major challenge of attrition.
