By Rudra Narayan Sahoo, Mumbai: Tata Consultancy Services (TCS), India’s largest IT company by revenue, has added a gross of 17,792 and a net of 8,236 employees in the first quarter of financial year 2016-17 (Q1 FY17). The total employee strength at the end of Q1 FY17 was 362,079 while the total attrition rate (LTM) fell to 13.6% including BPS. The percentage of women employees in TCS rose to an all-time high of 33.8% while the number of nationalities increased to 131.
Commenting on TCS’ focus on the digital talent pipeline, N Chandrasekaran, CEO and MD, TCS, said, “The rise in employee retention rates for three consecutive quarters reflects the company’s priority on engagement and investments the company made to build strong digital talent base. This is paying off with over 165,000 TCSers now trained with significant expertise in new digital technologies that are rooted in specific domains.”
Ajoy Mukherjee, Executive Vice President and Global Head, Human Resources said that for the third quarter in a row, the attrition rates had fallen reflecting the company’s ability to engage with employees and provide long-term careers. “We remain focused on building a team of global professionals with diversity and multiple skill-sets and helping TCS employees in securing additional skills in new technologies. The process of on-boarding this year’s campus trainees has also begun,” said Mr Mukherjee.
The company won many global awards in employee engagement and workforce management in Q1 FY16: Employee engagement project of the year in North American Employee Engagement Awards 2016; Lumity 2016 Leadership Award- for sustained commitment to engaging skills-based volunteers to inspire students in STEM education, technology resources and social investments; 50 Most Engaged Workplaces in North America – Achievers Award 4th consecutive year for benchmarked employee engagement, global internal social networking hub and extensive CSR initiative.