Tata Consultancy Services will recruit 40 thousand personnel!
India's software giant TCS is reshaping its staffing strategy by adopting a flexible approach to experienced professionals while maintaining its fresh graduate hiring targets for FY 2025. Drawing attention with increasing workforce productivity and decreasing attrition rates, TCS is keeping pace with the dynamic changes in the technology sector.
Tata Consultancy Services (TCS), India’s leading software exporter, has decided to keep its hiring targets unchanged in fiscal year 2025 (FY25) and continue to recruit new graduates. This strategy will be implemented despite the company’s recent headcount decline. TCS announced that it will follow a flexible recruitment policy for new graduates as well as experienced professionals.
TCS’s Recruitment Policies and Market Position:
TCS hired around 40,000 new graduates in FY 2024 and plans to hire the same number for FY 2025. CEO K Krithivasan said the company is trying to balance its strong deal structure and steady revenue growth with headcount reductions. Krithivasan noted that new graduates usually need 6-8 months to adapt to the company and work at full capacity, creating a disconnect between recruitment and full induction.
Approach to Experienced Professionals:
The company will make decisions on hiring experienced professionals on a quarterly basis, based on the urgency of the project. This flexible approach will enable TCS to respond quickly and effectively to market needs. Emphasizing the importance of such dynamic decisions in workforce planning, Krithivasan said the company aims to remain competitive and meet customer needs.
Workforce Productivity and Attrition Rates:
Krithivasan said that the 1.5% decline in the workforce as of year-end was in line with the 3.2% year-on-year revenue growth, which was offset by productivity gains. In addition, the company’s attrition rate fell to 12.5% in the last quarter, an improvement from the previous quarter. This trend is expected to continue, indicating that TCS aims to ensure workforce stability by improving employee satisfaction.
Investing in the Future:
TCS’ commitment to recruit new graduates for fiscal year 2025 reinforces the company’s expectations for growth and development in the industry. Flexible and project-specific recruitment strategies for experienced professionals will make it easier for TCS to adapt to market changes and embrace technological innovations. The company’s reduced attrition rates and high recruitment targets underline its commitment to a robust workforce and continuous improvement.
By recruiting new graduates as well as experienced professionals, TCS aims to consolidate its position in the technology sector and remain a competitive player in the global market. This approach will enable the company to both adapt to current market conditions and build a solid foundation for future growth and success. With these strategic decisions, TCS is strengthening its position to continue to play a leading role in the technology and software industry.
