An Indian multinational information technology, Tata Consultancy Services (TCS) is among the few large Indian companies which have high employee retention.
TCS has come a long way in retaining employees. The company is high on employee retention as 20% of employees stay for over 10 years. The company’s headcount as of March 31, 2023, stood at 6,14,795 and over 1,25,000 TCS employees have an average tenure of over 10 years.
Milind Lakkad, TCS’s chief human resources officer quoted, “We have over 1,25,000 TCS employees today with an average tenure in excess of 10 years in TCS.”
The company attempts to encourage gender diversity in light of the high attrition rate among female employees. Women employees make up over 35% of the over 6 lakh-strong workforce.
Moreover, the TCS initiative for experienced women professionals re-entering the workforce after a break “Rebegin” have seen nearly 14,000 job applications in FY23. Additionally, the company has focused on leadership development programs like ‘iExcel’ which are driving change on this front.
The annual report said the flagship executive leadership development programme for women has completed 22 editions and 1,450 women leaders have benefitted from it.
Additionally, TCS Asserts End Of “Vicious Cycle” Of Hiring And Counter Hiring Amid Recession Fears. The company has emphasized the supply-side challenges of the last two years.
Tata Consultancy Services has reportedly said that it has escaped the “vicious cycle” of the hiring frenzy. As per updates, the IT giant has asserted this against the backdrop of recruiting 150,000 plus campus graduates in the last two fiscals.
The company added 22,600 employees on a net basis in FY 23. During the year, the company onboarded over 44K freshers and the highest-ever number of experienced professionals.
TCS has also doubled down on organic talent development, obtaining over 53K cloud certifications during the year, bringing the total to over 110K employees certified on hyper scaler platforms.
