TCS Workforce Crosses 6 Lakh Milestone; 20% Of The Staff Now Working From Office
Tata Consultancy Services (TCS), the largest Information Technology (IT) services company in India, added 14,136 employees for the first quarter of the current financial year, but its attrition rate stood at 19.7%.
TCS' workforce stood at 606,331 as on 30 June , a net addition of 14,136 during the quarter, the company said in a regulatory filing on Friday.
Chief HR Officer Milind Lakkad said the IT giant has increased their employees' salary by upto 8%. “Following our annual compensation review, employees received salary increases of 5 to 8%, with top performers getting even bigger hikes. Our empowering, performance-driven work culture is helping us attract local talent across all our key markets," Lakkad said.
The official further said that a continued momentum in hiring has resulted in a milestone quarter, with the employee strength crossing the 600,000 mark.
“The workforce continues to be very diverse, comprising 153 nationalities and with women making up 35.5% of the base," the IT giant noted.
TCS has gradually accelerated its return to office programme in the June quarter, with about 20% of the workforce now working from office.
