TCS to hire 37,000 freshers next fiscal

IT major Tata Consultancy Services plans to hire 37,000 professionals for its domestic and overseas markets through campus placements in the next fiscal.

"We plan to hire 37,000 professionals through campus  recruitments in FY 12. We have so far visited 171 institutions pan-India," TCS Head (Global Human Resources) Ajoyendra Mukherjee said.

"Our hiring ratio will be around 54:46 trainee and lateral (professionals) respectively," he said.

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The company had hired 27,500 professionals through campus recruitment last year. "The demand is strong and we hope it will continue to grow in the coming days," he said.

The country's largest software exporter said it has hired 50,000 personnel in the nine-month period ended December 2010 and expects to add another 12,000-15,000 in Q4.

TCS added 20,219 people (gross) during the quarter (Q3 FY 11), its highest addition yet, taking its total headcount to 1,86,914 at the end of the third quarter.

"Given the strength of business demand, we have exceeded the hiring target of 50,000 employees we had set for this fiscal year," Mukherjee said.

TCS CEO and Managing Director N Chandrasekaran had on Monday said the company faces the major challenge of attrition.

"Our short-term challenge is we have to continue to retain people although the attrition rate has come down in Q3 FY 11," Chandrasekaran had said.