Tata Consultancy Services will add 60,000 employees for the financial year 2011-12 taking its total headcount to 258,614. For 2010-11, the company’s headcount was 198,614.
Though 60,000 is lower than the employees hired in 2010-11, the company said in last financial year its hiring target was higher than the original target. For 2010-11, it hired a total of 69,685.
“Rapid growth in business demand during 2010-11 resulted in the largest ever hiring effort in our history with a gross addition of 69,685 professionals during the year. With business demand continuing to grow, we have made 37,396 offers on campuses for trainees to join us during 2011,” said Ajoy Mukherjee, vice-president, Head, Global Human Resources. For the current financial year, the company has visited 343 campuses in India.
Salary rise
TCS also announced a salary rise in the range of 12-14 per cent for offshore employees, the highest the company has announced in the recent past.
Onsite employees, those working in the US and at client sites abroad, will see a salary rise of 2-4 per cent. Whereas, employees in the emerging markets will get a salary jump in the range of two-10 per cent.
With utilisation up at 82.4 per cent (excluding trainees) and 75.1 per cent (including trainees), TCS is expecting to maintain this range. “We are comfortable with utilisation in the 82-84 per cent range (excluding trainees), and including trainees, we would like this to be between 78-80 per cent. But then you also have to remember that with such a scale having such a utilisation is only fair,” said N Chandrasekaran, CEO and MD.
