TCS, the largest employer in the private sector,is expected to increase its headcount to 500,000 in the next three months. The IT giant completed the financial year of 20-21 with a total head count of 488,649 and hired 40,185 employees during the year. In the January-March, 2021 quarter, it added 19,388 employees which marked the largest in a quarter for the Company.
With an attrition rate of only 7.2 per cent, it is speculated that the company will hire over 40,000 employees in the financial year 2021-22. The bulk of hiring will take place in the first two quarters of the year. There are rumors that the Company might cross the 5 lakh mark during the first quarter of the year itself.
Definitely, reaching the 5 lakh milestone will make TCS the largest employer in the technology sector but globally it will be second to Accenture, which has a total of 5.37 lakh employees. Compared to other players in the IT industry in India, Infosys has an employee strength of nearly 2.5 lakh, HCL has 1.6 lakh employees and Wipro has 1.9 lakh employees.
Other private conglomerates, such as the Aditya Birla Group, comprises over 1.2 lakh employees, L&T has 3.37 lakh employees and Reliance Industry employees nealy 2 Lakh people.
All in all, in India TCS will be second to Indian Railways, which is a government entity, and has an employee strength of over a million people.
Apart from this, TCS also has a robust L&D programme which helps it to develop skills in its freshers. To give an example, TCS imparts learning through FrescoPlay to cut short the training time of their onboarded freshers, which aims at putting the newly-recruited people directly into projects rather than making them spend time in training sessions.
TCS also has a NQT (National Qualifiers Test) which assesses the cognitive ability and skills relevant to the job. Students who are in their final and pre-final year, with two years of relevant experience, are eligible for the test.