hr.economictimes.indiatimes.com | www.ETHRWorld.com
BENGALURU: In a sluggish growth scenario where firms are calibrating their fresher hiring plans, TCS COO N Ganapathy Subramaniam said the company is on track to hire 40,000 campus recruits in the current financial year. “We usually hire between 35,000 to 40,000 people and those plans are intact. There are no large-scale layoffs. The way we’ve calibrated this is we’re working towards improving our own utilisation because we have a decent bench,” he said. Some of its peers, however, are still wary about going to campuses yet. Infosys CFO Nilanjan Roy, in the recent earnings call, said that last year, it had added 50,000 freshers and that it’s not going to campuses till demand picks up.
Subramaniam is not ruling out adding laterals to its talent pool, but TCS would calibrate its hiring plans based on the demand outlook for discretionary spending. “When there is a contraction in discretionary spending, we hire a lesser number of laterals. In the last 12 to 14 months, we saw a huge attrition. We didn’t know how long that would continue, so we ended up hiring a lot more than what we needed to build a bench. Our utilisation is currently around 85%… we used to operate at about 87-90%,” he added.
Subramaniam said TCS has a bench to service any kind of demand in the…
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