TCS Plans to hire 40,000 Freshers in 2020-21 Financial Year
Tata Consultancy Services (TCS) plans to keep its India campus hiring this year at about the same level as last year (40,000), despite the sharp drop in revenue in the quarter ended June on account of the Covid-19 fallout.
It also plans to double its US campus hires to nearly 2,000 this fiscal, as part of an effort to reduce dependence on H-1B and L-1 work visas, which are becoming increasingly difficult to get.
“Our key strategy for building from the bottom doesn’t change. The 40,000 (in India) might become 35,000 or 45,000 — that’s a tactical call we will make,” TCS EVP & global HR head Milind Lakkad said. The move reflects the company’s view that business will bounce back in the second half of the year.
TCS is also one of the few companies who has honoured all the 40,000 offers it made last year. The freshers will join in the beginning of mid-July. Lakkad said about 87% of the 40,000 are already active on their learning platform. “Some 8,000 to 11,000 recruits undertake online assessments every week. Over 8,000 fresher recruits completed one or more digital certifications before joining,” he added. TCS is also in the process of hiring over 100 experienced professionals for different positions. This number was almost negligible in the last quarter.
Moving towards WFH Model
TCS COO N G Subramaniam said their customers have also embraced what the company calls the Secure Borderless Workspaces (SBWS) model. From a highly centralised model, with large campuses accommodating thousands of employees, TCS is switching to an extreme form of distributed delivery.
By 2025, the plan is to ensure that employees will be able to realise their full potential without spending more than 25% of their time in a TCS office. The company, however, does not plan to offload any of its real estate assets. “We need those real estate spaces. But I think what's interesting for us is the flexibility of the talent pool,” Subramaniam said.
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