TCS To Hire 55,000 Employees This Fiscal

MUMBAI: Tata Consultancy Services (TCS) said it will hire 55,000 employees this fiscal, including 25,000 freshers.

"We are planning to hire 55,000 this fiscal. We have already said that as far as campus hiring is concerned, it will be 25,000," TCS executive vice-president and global human resources head Ajoy Mukherjee told reporters here while announcing a 48.2 per cent rise in net income in the last quarter of the past fiscal.

TCS managing director and chief executive N Chandrasekaran said, "In the just-concluded FY 2014, the company had hired 61,200 as against a target of 50,000."

Its net addition of employees, after deducting the number of those who left the organization, stood at 24,268 in FY 2014.

At the end of the fourth quarter, the total employee strength crossed the 3-lakh mark at 300,464, he added.

The employee utilization level stood at 83.8 percent, excluding trainees and 77.9 per ent after including trainees, as of March-end.

The attrition level stood at 11.3 percent, while the same was 10.4 per cent at the core information technology vertical.
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