TCS Adds 35,000 Freshers In The First Half Of FY23, Says ‘All Job Offers Honoured’

TCS hiring latest news: IT major Tata Consultancy Services onboarded 35,000 freshers during the first half of FY23, of these, 20,000 freshers had been hired in Q2, the company announced on October 10. TCS chief HR Officer Milind Lakkad said in a statement that the company has honoured all job offers the company had made. “Reflecting our culture of being committed to our employees, we have honored all the job offers we had made. Our investments in capacity building and organic talent development have allowed us to substantially grow our business ahead of headcount addition this quarter. We believe our quarterly annualized attrition has peaked in Q2 and should see it taper down from this point, while compensation expectations of experienced professionals moderate.” said Lakkad.Also Read – TCS Makes Major Statement On Moonlighting. What Employees Should Know

The company, in comparison, had hired 43,000 freshers in the first half of FY22. During the full year, this number was over 1 lakh. The company expects to hire 10-12,000 more freshers in FY23, but will decide on its new targets for fresher hiring post the third quarter. Also Read – Work From Home: This Company Announces Promotion For Employees Working Remotely. Deets Here 

Its net addition for the September quarter was 9,840 employees, taking its headcount to 6,16,171. In the previous quarter, the net addition of employees by the company was 14,136. In the year ago period, TCS’ net addition stood at 19,690 employees. Also Read – Engineers at Wipro, TCS, Infosys Get Less Salary Than Startups. Check Which Startup Pays More to Employees

TCS has posted an 8.41 percent rise in its consolidated net profit at Rs 10,465 crore for the quarter ended September 2022.

In the corresponding three months a year ago, the company had logged a consolidated net profit of Rs 9,653 crore, it said in an exchange filing while kicking off the earnings season for the IT sector.