India’s largest IT services provider Tata Consultancy Services will hire 25,000 from campuses for FY15 for which it will visit over 350 institutes. TCS is the only company so far that has announced its FY15 hiring target numbers.
The campus hiring targets for FY15 remains same as FY14, TCS is the only IT services firm which is still hiring in large numbers from the campuses.
The company, which has remained bullish about the macro environment, has already increased its hiring target of FY14 from 45,000 to 50,000. “When we started this fiscal we had stated our hiring target of 45,000, but now we think we will hire 50,000. Of the extra 5,000 we are yet to decide if we want to do off campus hiring or laterals,” said Ajoy Mukherjee, executive VP and global head, human resources, TCS.
Meanwhile, Mukherjee and his team has already started to visit campuses for FY15. “The process is on. In our HR meet with Nasscom we had stated that we will visit campuses in the seventh semester and that is what we have done. These students will join from July 2014 onwards,” said Ajoy Mukherjee, HR Head, TCS.
TCS has also honoured all of its campus hiring targets for FY14. Unlike several IT firms who have either pushed back joining dates or have asked students to join some other business unit.
Trainees started to join TCS from July 2013 onwards. In the second quarter ended September 30, 2013 quarter TCS added over 6,000 freshers. The rest will join the company over the next two quarters.
With the uncertainty continuing in the macro environment, TCS said that they have seen an uptick in the joining ratio of students from campuses. “Last year we saw joining ratio go up to 73-74%. This used to be in the 69-70% range. This year also we are expecting joining rations to go up,” said Mukherjee.
Other than increasing its India hiring numbers, TCS has also increased its hiring in the US. On a quarterly basis TCS has been adding close to 600 employees in the US.