TCS to hire 25000 campus grads in FY15; ups FY14 target

India's largest IT company by revenues, Tata Consultancy Services (TCS) has become the first IT firm to reveal its hiring targets for FY15, reports CNBC-TV18’s Kritika Saxena.

Also read: TCS Q2 beats forecast, net up 24% to Rs 4702 cr
 
TCS has already started giving out campus offers for FY15 and will be hiring 25,000 students from across 350 institutes in the country in the next fiscal.

"We have already started giving out the offers. The trainees will join the company in July 2014, after they graduate," says Ajoy Mukherjee, executive vice president and global head- Human Resources, TCS. 

For FY14 as well, TCS had dolled out 25,000 campus offers. Most of the campus offers dolled out in FY14 have already been absorbed in the company and the remaining are expected to be taken in by March 2014. However, the decision on the number of lateral offers for FY15 has not been decided yet.

"Typically we reveal the lateral offers figures by February. We are in the process of reviewing our hiring needs and will take a decision on lateral hires by the year- end," adds Mukherjee.

"It will be wrong to say that just because our hiring numbers for campus recruitment in FY15 are the same as FY14,  our lateral numbers will be the same as well. It will depend on the need and requirement," he further explained.
 
For FY14 as well, TCS has upped its total hiring target from 45,000 to 50,000. "We are pleased to announce that for the campus offers given out for FY14, our acceptance ratio has also gone up from 65-70% to 72-74%. Next fiscal also we are expecting similar figures," he adds.

However, the salary structure given to campus hires remains unchanged since the last four- five years. The average salaries given to campus hires still remains at Rs 3.15-3.25 lakh per annum
 
Despite the turbulence seen in the IT market, TCS has managed to retain steady hiring numbers, despite the outsourcing model shifting to a more non linear structure.