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TCS plans massive hiring

With its annual growth rate hovering above 40 per cent and more than 150 new clients in its kitty, the company is looking to hire another 32,000 people for the fiscal year 2007-08.

business Updated: Apr 18, 2007 03:08 IST

TCS, Asia’s largest software exporter, is on recruitment spree again. With its annual growth rate hovering above 40 per cent and more than 150 new clients in its kitty, the company is looking to hire another 32,000 people for the fiscal year 2007-08.

With this, the TCS headcount will climb to 1,21,000 from its current 89,000. The company said that it has already recruited 12,000 people from campuses across India, including Tier II and Tier III cities. The company is banking on tapping colleges and universities.

Finding shortfall in number of graduates who can be readily employed, the company is in talks with colleges to design curriculum enabling the students to pass out as ‘employable’ graduates. “We have to invest a couple of months to ready them to work on projects,” says S Padmanabhan, Head, Global Human Resources, TCS.

He added that TCS has signed up a memorandum of association with 45 colleges and is conducting programmes to better competency among students as well as teachers.

To attract talent at the managerial levels, TCS has hiked the salary levels by 10 per cent. In addition to campus and other forms of recruitments, the company has upped its employee referral program and expects 25 per cent of overall recruitment to happen through employee referral.

“An employee referral program helps in better talent retention,” says Kris Lakshmikanth of Headhunter Inc, a Bangalore-based recruitment company.

This recruitment is not limited to India. Along with the tie-ups it has with the top US universities, the company plans to forge new tie-ups with five universities in China and three in Brazil in the year ahead. Currently, people of international origin comprise 9.6 per cent of its total workforce. This was 6.5 per cent in the 2006.

Data:
0 per cent senior management consist of women
plan to visit 350 campuses in FY 08
overseas Employees
north America –600
Brazil – 2500
Ecuador – 400
China – 800
Hungary - 400