TCS to hire 25,000 from campuses in FY13

Tata Consultancy Services (TCS) today said it has given campus offers to 24,000 people, who will be joining the organisation in 2013-14.

"We had said we would hire 25,000 from campuses in the next fiscal year (2013-14). We have already rolled 24,000 offers, who will join the company starting July," company's executive vice president and global head for human resources Ajoy Mukherjee told reporters.

The company has, however, not set a target for the overall hiring for the next fiscal year.

"We have hired almost 50,000 professionals in the first three quarters of this financial year to support business growth and we continue to forecast a healthy growth in the workforce numbers going forward," Mr Mukherjee said.

He said against the target of hiring 50,000 people in the ongoing financial year, the company has already added 49,600 people in the past three quarters.

"We have almost met the 50,000 target in the three quarters. I'm sure we will be on top of that as the year closes," he said.

TCS, which announced its financial results for the October-December 2012 quarter, said it has added 17,145 (gross) and 9,561 (net) people in the said period, taking its total headcount to 2,63,637 people.

Of the total gross additions, 9,831 people joined as trainees, while 5,072 were laterals in the country. Another 2,242 employees were hired in international locations during the quarter. "The attrition level in IT services has dipped to 9.8 per cent (last 12 month basis). Overall attrition, including BPO (22.3 per cent), was 11.2 per cent," he said.

The utilisation rate (excluding trainees) was at 81.7 per cent and including trainees at 72.1 per cent.

"There is still scope for expansion as far as utilization rate is concerned. We are comfortable with rates around 81-83 per cent," Mr Mukherjee added.

TCS added 31 clients during the quarter, helping the company post a 26.7 per cent jump in consolidated net profit to Rs 3,550 crore for the quarter ended December 31, 2012.