TCS recruits 20,349 in July-Sept period

Country's largest software exporter Tata Consultancy Services (TCS) today said it has added 20,349 people during the July-September 2011 quarter, its highest number of hiring for any three-month period.

The number of net additions, however, stood at 12,580 during the reported period.

"The hiring this quarter, 20,349 that is the highest gross that TCS has ever done, so there has been very strong hiring and we continue with our overall plan of hiring 60,000 people this year," TCS Executive Vice-President and Global Head (Human Resources) Ajoy Mukherjee said.

The total employee strength of TCS was 2,14,770 on a consolidated basis at the end of September 30, 2011.

Trainees started joining the company from the beginning of the July-September quarter, resulting in the addition of 10,192 trainees and 8,125 laterals in India, along with 2,032 employees overseas.

The utilisation rate (excluding trainees) was flat at 83.1%. The same including trainees was 76.4%.

Attrition decreased to 13.7% from 14.8% in the previous quarter.

Attrition in the IT Services business was 12.51%, while BPO attrition was at 24.25%.

"We are on course to meet our hiring target for the current financial year. Our employee engagement efforts are helping to curtail attrition and increase retention of talent in the company," Mukherjee said.

The company, at the beginning of the fiscal, had said it will hire 60,000 people during the fiscal.