TCS Aims To Increase Campus Hiring In U.S.
Mumbai: IT major Tata Consultancy Services (TCS), which is confident of beating Nasscom estimate of 12-14 percent industry growth this fiscal, said it plans to increase campus recruitment in the U.S.
However, the quantum of hiring is likely to remain the same as that of the past financial year, said the Mumbai-based company, which announced its results on 18th April.
"Last fiscal, we had hired 1,600 people in the U.S. of which 100-150 were through campus recruitments. The hiring number for this year will remain similar but we want to increase campus hiring," TCS Executive Vice-President and Head of Global Human Resources Ajoy Mukherjee told reporters during a post-earnings media round-table here.
"In the domestic hiring, the top software company is trying to maintain 60:40 ratio (60 percent trainees and 40 percent laterals)," Mukherjee said, adding the future recruitment will depend on the growth of business.
Justifying the drop in in-take target for FY14, which at 45,000 is less than the last fiscal, he attributed this to higher retention rate. "We had the best retention rate in the last 27 quarters at 82 percent. We would like to take it up to 85 percent this year."
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