Financial Daily from THE HINDU group of publications
Tuesday, Apr 18, 2006
Financial Daily from THE HINDU group of publications Tuesday, Apr 18, 2006 |
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Info-Tech
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Human Resources TCS plans to hike wages, headcount Our Bureau
Fifty one per cent of the company's associates have more than three years of experience.
Mumbai , April 17 TCS plans to increase its headcount by nearly 50 per cent and compensation by about 15 per cent in 2006-2007. The company will add 30,500 people in 2006-2007, Mr S. Ramadorai, CEO & Managing Director, TCS, said. During the last fiscal, gross additions were 27,377 and net additions 21,140 employees. 24 per cent of the employee base consists of women. TCS' annualised attrition rates were 9.9 per cent, well below the industry average, said officials. Fifty one per cent of the company's associates, as they are called, have more than three years of experience. Campus offers for new recruits already number 9,200. Around 5,000 employees will be added through the company's acquisition into UK-based insurance major Pearl's transaction processing outfit. The gross additions of 30,500 people will include 2,000 recruits for the company's global development centres in Eastern Europe, China, Brazil and Uruguay, which currently employ over 3,000 persons. "We keep utilisation very high at these centres and ramp up only on getting projects," said Mr S. Padmanabhan, Executive Vice-President and Head, Global Human Resource Development. The company's BPO activities employ over 4,000 people — it has multiple centres in India as well as one in China. A new one will be opened this year in Pittsburgh in the UK.
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