TCS Boosts Hiring with 10,000+ Freshers Amid Demand Hopes

12 Apr 2024 , 01:09 PM

TCS has recruited over 10,000 freshers, as confirmed by multiple colleges to Moneycontrol, marking a break from a hiring slump. This hiring surge reflects TCS’s optimism for a demand revival in the upcoming financial year.

Recruitment commenced through the National Qualifier Test (NQT), an assessment platform by TCS iON. The process, including the NQT, began in April, with tests scheduled for April 26 for priority and other colleges.

TCS offers three categories of roles: Ninja (₹3.36 Lakh per annum), Digital (₹7 Lakh per annum), and Prime (₹9-11.5 Lakh per annum). This tiered package approach aims to attract top talent, signaling a shift from traditional entry-level offerings.

TCS conducts tests at its iON centers nationwide, while students from trusted partner colleges undergo examinations on campuses.

Despite a delayed recruitment cycle, TCS seeks candidates proficient not only in coding but also in problem-solving and creativity. CEO K Krithivasan emphasizes that positive headcount growth depends on a clearer demand outlook.

TCS had aimed to recruit 40,000 freshers in FY24, following a decrease in net employee addition in FY23 compared to the previous fiscal year.

Tata Consultancy Services Limited (TCS) is an Indian multinational IT services and consulting company headquartered in Mumbai, forming part of the Tata Group. TCS operates in 150 locations spread across 46 countries, indicating its global presence and reach.

As of September 2023, TCS boasted a workforce exceeding 616,000 employees worldwide, showcasing its scale and significance in the IT industry.

TCS holds the distinction of being the second-largest Indian company by market capitalization, highlighting its financial strength and market position. It is recognized as one of the most valuable IT service brands globally, underlining its reputation and influence in the IT sector.

Additionally, TCS ranks as the top Big Tech company in India, demonstrating its leadership in the technology landscape. As of June 2023, TCS stood as the world’s second-largest user of U.S. H-1B visas, illustrating its reliance on skilled foreign talent for its operations and projects.

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