Tata Consultancy Services (TCS) has said that it is an employer of choice in dynamic market and would continue to hire in line with business demand trends.
The company said that it is planning to hire 15,000 people between January and March 2012 and is likely to exceed the target of 60,000 during the current fiscal.
At the end of Q3, the total employee strength of the company was 226,751 with a gross addition of 18,907 employees which included 10,341 trainees & 6,763 laterals in India as well as 1,803 employees in international locations.
The net addition was 11,981 employees. Non Indian nationals formed 6.6% of the total employee base from 103 nationalities and 31% were women employees. Utilization in Q3 was at 82.02 % (excluding trainees) & 74.04 % (including trainees). The attrition rate in Q3 fell further to 12.8%. Of this, attrition in IT Services was 11.7 % (LTM), BPO: 22.6% (LTM).
“Attrition continued to fall for the second quarter in a row to 12.8% as TCS remained the employer of choice in a dynamic market. We continue to hire in line with business demand trends,” said Ajoy Mukherjee, Executive Vice President and Head, Global Human Resources.