In what may be a sign of a revival in hiring in India's information technology sector, Tata Consultancy Services Ltd. said on Friday that it had onboarded 11,000 trainees in the quarter-ended June and plans to hire 40,000 employees for the year ending March 2025.
The headcount of India's largest software services exporter rose by 5,452 to 6,06,998 in the first quarter, the company said. Its headcount fell by 13,249 in FY24. Attrition dipped to 12% in Q1 as compared to 12.5% a quarter ago.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Milind Lakkad, chief human resources officer of TCS, said in the Q1 earnings call that attrition will stabilise in the second quarter. “Trainees are a key strategy for talent development for TCS, and that will continue this year,” he said. “The net headcount every quarter will be difficult to call out because it depends on various factors.”
TCS said it will stay on track in its plan to hire 40,000 new employees in FY25, but it will vary with external factors and market conditions.
The company has also concluded the National Qualifier Test and is processing the qualified candidates. The TCS iON National Qualifier Test is an ability test that assesses a candidate's competencies and skills.
Lakkad also said the company assesses the skill gaps and hires based on the requirements. While there are no specific skillsets being considered, hiring will be done across the board, from niche skills to generic skills, depending on business requirements.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.