Information technology companies, Tata Consultancy Service (TCS) and Infosys have together expanded the workforce by 53,303 in year 2018-19. As per data from their annual reports, TCS hired 29,287 employees, whereas Infosys added 24,016 employees. The total workforce strength of the two companies was reported to be 4,24,285 in March 2019.
The proportion of women hires in TCS went up to 35.9 per cent, while the total number of nationalities was 147. In the last one year, TCS had an attrition rate of 11.3 per cent, which was the best in the IT sector.
Infosys had a total employee strength of 2,28,123 in March 2019, but attrition continued to be high, at 20.4 per cent.
Reports reveal that TCS has been adding to its workforce at the average rate of 11.6 per cent annually, while Infosys has been doing so at the average rate of 8.18 per cent.
This means, on an average, in the last 11 fiscals, that is 2009 to 2019, Infosys hired 12,320 employees annually, whereas TCS hired 28,052 annually.
The figures dropped for both the companies in 2017-18. While Infosys added only about 3,740 employees, TCS added 7,770 in 2018.
In FY19 the employee strength of Infosys grew by 11.77 per cent as compared to FY18. For TCS, the best year in terms of net addition of employees was FY11, wherein it added employees at the rate of 23.8 per cent as compared to the previous year.