TCS campus offers higher by 50% this year

Tata Consultancy Services (TCS) has made offers to 30,000 campus recruits this financial year, higher than its previously stated number of 28,000. It’s the highest in three years. In the previous two years, it was 20,000 each.

The hiring momentum reflects TCS’s robust pipeline — it has won deals worth $15.8 billion in the nine months of the financial year. The rebound in the mainstay banking and financial services business was a major growth accelerator, along with pickup in its retail and consumer packaged goods business. “Going forward, our headcount addition will remain strong. This year we are quite confident about our double-digit revenue growth,” said Ajoyendra Mukherjee, EVP & head of global human resources in TCS.

The company made a net addition of 27,049 employees in the last four quarters (calendar year 2018) compared to 7,000 in 2017. It has 4.2 lakh employees now. In the December quarter, TCS doubled its revenue growth to 12% on a constant currency basis, its highest in 14 quarters, with the banking, financial services & insurance

(BFSI) segment in North America accelerating.

TCS said it made the highest net addition of employees in the US in the last nine months compared to any similar period as part of its localisation drive. It goes to 70 campuses in the US to hire. The company is also making huge additions in its delivery centres in Latin America and Asia-Pacific now. “We have been hiring in Latin America because we need Spanish and Portuguese language capabilities. In Asia-Pacific, we are ramping up in Manila and China. In Australia and Japan too we are accessing local talent,” Mukherjee said.

The company has reduced its dependency on H-1B visas. It’s focusing on building a location-independent agile strategy. Business knowledge-oriented teams sit across distributed locations, and the locations and workflows are such that the project can take advantage of time-zone differences, with one team picking up the work as another heads home. “We have trained almost 3 lakh employees in TCS on this agile method. We are working to make the entire organisation agile-ready,” Mukherjee said.

Source:- The Times of India

Date:-31st January,2019-Thursday

Tata Consultancy Services (TCS) has made offers to 30,000 campus recruits this financial year, higher than its previously stated number of 28,000. It’s the highest in three years. In the previous two years, it was 20,000 each.

The hiring momentum reflects TCS’s robust pipeline — it has won deals worth $15.8 billion in the nine months of the financial year. The rebound in the mainstay banking and financial services business was a major growth accelerator, along with pickup in its retail and consumer packaged goods business. “Going forward, our headcount addition will remain strong. This year we are quite confident about our double-digit revenue growth,” said Ajoyendra Mukherjee, EVP & head of global human resources in TCS.

The company made a net addition of 27,049 employees in the last four quarters (calendar year 2018) compared to 7,000 in 2017. It has 4.2 lakh employees now. In the December quarter, TCS doubled its revenue growth to 12% on a constant currency basis, its highest in 14 quarters, with the banking, financial services & insurance

(BFSI) segment in North America accelerating.

TCS said it made the highest net addition of employees in the US in the last nine months compared to any similar period as part of its localisation drive. It goes to 70 campuses in the US to hire. The company is also making huge additions in its delivery centres in Latin America and Asia-Pacific now. “We have been hiring in Latin America because we need Spanish and Portuguese language capabilities. In Asia-Pacific, we are ramping up in Manila and China. In Australia and Japan too we are accessing local talent,” Mukherjee said.

The company has reduced its dependency on H-1B visas. It’s focusing on building a location-independent agile strategy. Business knowledge-oriented teams sit across distributed locations, and the locations and workflows are such that the project can take advantage of time-zone differences, with one team picking up the work as another heads home. “We have trained almost 3 lakh employees in TCS on this agile method. We are working to make the entire organisation agile-ready,” Mukherjee said.

Source:- The Times of India

Date:-31st January,2019-Thursday

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s