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TCS to go slow on hiring

Last Updated: Saturday, November 28, 2009 - 00:02

Hyderabad: IT services behemoth Tata Consultancy Services (TCS), which had offered jobs to as many as 24,885 graduates last year, is likely to go slow on its recruitment plans this year.

"The figure will not be as high as that of last year and
also not very less," TCS vice-president and global HR head
Ajoy Mukharjee told reporters here on the sidelines of Sangam,
the company`s annual academic conclave.

In 2008, the largest IT services company had made job
offers to as many as 24,885 graduates in campus recruitment,
of which 12,000 candidates are yet to be absorbed. It plans to
make job offers to 8,000 graduates this quarter, the process
for which would begin in December.

Replying to a question on the salary hikes and other
incentives to the staff, TCS CEO and MD N Chandrasekharan said
they are still working out the packages for the next year.
This year the company did not give any hikes other than that
of performance-linked variable incentives.

About the attrition rate, Chandrasekharan said it was11.5
percent last year
with a head count of 1.41 lakh globally.

Reacting on the Dubai financial crisis, he said the
company`s exposure to the Dubai market is very less and there
will not be any impact.

"The TCS Research Scholars programme will help enlarge
the R&D agenda and encourage exploration of new ideas by
funding candidates in doctorate programmes," Chandrasekaran
said, adding they would fund 200 doctoral candidates over five
years to take up PhD programs in various subjects.


First Published: Saturday, November 28, 2009 - 00:02
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