TCS to start onboarding of all fresh recruits from mid-July and lateral hiring soon.
The Indian multinational IT services and consulting company, Tata Consultancy Services (TCS) will be on-boarding 40,000 freshers in a planned and phased manner from mid-July and it will start lateral hiring soon.
Milind Lakkad, Executive Vice President and Global Head, HR of TCS, said the company has been in touch with fresh recruits to reassure them that they would be able to join the company. “The process was delayed because of their academic year got delayed.”
“There will be no change in its bench policy and that the company is not looking at retrenching its employees. However, more offshoring is in the pipeline, which has been a challenge due to COVID-19.” Milind further said.
Rajesh Gopinathan, CEO, TCS said, “the company is selectively opening up lateral hiring given the positive demand environment.” However, he did not disclose in which area will the hiring happen or the quantum of hiring.
Previously, the company had stalled lateral hiring due to the on-going global pandemic. Now, the company has confidently opened up both fresh recruiting and lateral hiring.
NG Subramanium, COO, TCS said that the majority of the deal closures were in the areas of cloud migration, reimaging customer experience, and digital transformation. So these new hirings are also likely to be in areas such as the cloud.
TCS during its March quarter had said, it will honour all 40,000 offers handed out to fresh recruits.
TCS has registered a revenue of $5,059 in Q1, down 7.1 percent quarter-on-quarter. The growth in revenue was led by life sciences and healthcare, whereas other verticals such as banking and financial services, manufacturing and retail saw negative growth