TCS jobs: IT-giant hires 12,356 employees in Q1, highest in past 5 years; women workforce gets boost

Beating analyst profit projections in its Q1FY20 result was not the only key Tata Consultancy Services (TCS) highlight. In fact, the IT-giant has also been among major employers, as it made a net addition of 12,356 employees along during this quarter. TCS stated that this would be the biggest hiring drive in last five years. Further, TCS has issued  Joining letters to over 30,000 fresh graduates. Forty percent of them have been onboarded in Q1 and the rest are expected to join by Q2. 

Milind Lakkad, Global Head, Human Resources said, "The vibrant, enriching workplace and best-In-class retention rates at TCS are a key competitive differentiator. Customers value the lower attrition because it results In greater stability and fewer disruptions in our service delivery. Moreover, TCS account teams are better placed to retain the contextual knowledge gained over time, and use that to build differentiated solutions tailored to each customer's unique requirements."

So far, consolidated headcount stood at 436,641 as of June 30, 2019. With continuing initiatives to attract the best local talent across major markets, TCS in the audit report said, "the workforce Is becoming more diverse."

Not only that, the percentage of women in the workforce rose further to 36.1%, while the total number of nationalities represented grew to 149.

Further, TCS continues to invest heavily In organic talent development. At the end of Q1, over 315,000 employees had been trained on mUltiple new technologies, and over 361,000 had been trained on Agile methods, said the company in filing. 

With that, TCS  continues to be the industry benchmark in talent retention, with the IT Services attrition rate (LTM) at 11.5%.

During Q1, TCS' consolidated employee costs stood at Rs 20,809 crore, higher compared to Rs 18,548 crore a year ago same period.