News: TCS on hiring spree

Talent Acquisition

TCS on hiring spree

Tata Consultancy Services which reported a 35% rise in consolidated net profit in the second quarter announced that it will revise its hiring targets upwards. Earlier, the company had announced that it plan to hire between 45,000 and 50,000 this year. Chief Executive and MD N Chandrasekaran said that employee utilisation, excluding trainees, went up by 75 basis points this quarter to 83.4 per cent. Chandrasekaran said the attrition rate in the company's IT segment during the quarter stood at 9.9 per cent, while overall it was at 10.9 per cent.

Tata Consultancy Services which reported a 35% rise in consolidated net profit in the second quarter announced that it will revise its hiring targets upwards. Earlier, the company had announced that it plan to hire between 45,000 and 50,000 this year. Chief Executive and MD N Chandrasekaran said that employee utilisation, excluding trainees, went up by 75 basis points this quarter to 83.4 per cent. Chandrasekaran said the attrition rate in the company's IT segment during the quarter stood at 9.9 per cent, while overall it was at 10.9 per cent.

Read the Financial Express news report here.

Read full story

Topics: Talent Acquisition, #Corporate, #Jobs

Did you find this story helpful?

Author

QUICK POLL

What is your top focus area for reinventing work in the hybrid world of work?

How can we prepare for a challenging 2023?

READ our latest issue for tips and suggestions.