Tata Consultancy Services has announced that it has achieved a big diversity goal in the third quarter of the financial year 2021, with the total participation of 2,00,000 women in its workforce.
The total employee count at TCS stood at 5,56,986 as on December 31, 2021. The Company added 28,238 employees in the past year. What is commendable is that the growth in the number of women holding positions at senior levels between 2016-21 was observed to 68 per cent!
Thanks to the tech major’s local talent hiring policy, across all its global locations, it also boasts of a high level of regional diversity, employing people from 156 nationalities.
The Company has reportedly filled almost one-third open positions internally, through upskilling or cross-skilling.
The attrition rate for the third quarter for TCS stood at 15.3 per cent, which the Indian multinational claims to be the lowest in the IT services industry.
In addition to the 43,000 freshers the Company hired in H1, it has further added 34,000 fresh graduates in Q3 in its workforce. This is the highest fresher hiring in the Company’s history.
According to Milind Lakkad, CHRO, TCS, the Company has always believed in giving preference to internal candidates for the best vacancies and offering them opportunities for global postings. The Company focusses on fast tracking its employees’ career paths through learning.
TCS has also announced a Rs18,000 crore share buyback at 17 per cent premium after reporting strong quarterly earnings, boosted by sustained demand for its digital services.