TCS To Hire 40,000 Freshers This Year, Offers 4.5-7% Pay Increase

Tata Consultancy Services (TCS) plans to hire 40,000 freshers this year as per Milind Lakkad, the Chief HR Officer (CHRO) of TCS, in a CNBC interview. The move will further strengthen the company’s recruitment drive.

Despite various skill requirements and geopolitical challenges elsewhere, Milind Lakkad, TCS's Chief Human Resources Officer (CHRO), mentioned India's ongoing importance in the talent market.

"India is the destination for talent, and that is not going to change in the near future," Lakkad remarked.

This move comes as the global IT sector undergoes changes, and India remains a key hub for talent. In the June quarter alone, TCS added 5,452 employment opportunities, bringing its total workforce to 6,06,998.

"I am very confident about a positive way forward for Indian talent," he added.

TCS recently increased salaries from 4.5 to 7 per cent, with high performers receiving 10-12 per cent.

Lakkad also addressed concerns about AI's impact on jobs, highlighting TCS employees' adaptability. 

TCS' Career-growth Programs:

Its Elevate Runway program supports career growth, offering accelerated learning paths to double compensation, catering to employees at all levels. Over 400,000 employees have joined the program, testifying to its popularity and impact.

TCS's Mid-Level Transformation (MLT) program helps employees gain new skills, and the company has updated its pay policy to include office attendance as a crucial factor.

Earlier, the IT firm reported a net profit of Rs 12,040 crore in the first quarter of FY25, marking a 9% increase over the Rs 11,120 crore in the corresponding period a year ago.

Lakkad also shared that around 70% of employees have returned to the office after implementing the new policy.

"We have come to a point where with just 70% plus number I'm very happy. This is not something that we want to do to punish people. This is the last measure we have taken now...The idea is not punitive but to incentivise office attendance positively," Lakkad said.