TCS keeps FY15 campus hiring flat at 25,000; rules out pay hike
Mumbai: Largest software exporter TCS Wednesday said it will keep its campus hiring target flat at 25,000 next fiscal and also ruled out pay revision for those joining next year.
"We have started visiting the campuses and will go to all the institutions in which we went last year. Typically, the offers are made during a student's seventh semester which is on now and students will join after completion of their courses starting next July," TCS global HR head Ajoy Mukherjee told reporters here.
However, the salary levels for the trainees joining in FY15 would be at the current Rs 3.15-3.25 lakh per annum level, he said, but declined to comment on lateral hiring for FY15.
The company had hired 25,000 such trainees last fiscal and 43,000 in the fiscal before that.
Mukherjee said given the market conditions and some of the proactive initiatives it has undertaken, the company is witnessing a surge in the joining ratio, which has moved up from 69 to 74 percent.
Over 6,300 of the trainees have already joined, he said, adding that up to 19,000 of the 25,000 offers made will join this fiscal.
Refuting some media reports, he said TCS is not reneging on any of its commitments and is hiring all those who have been made offers.