TCS Mega Hiring Over 20,000 Local Employees In the US In the Last 5 Years
Tata Consultancy Services (TCS) India’s largest IT service firm, TCS Mega hiring was over 20,000 employees in the US for the last five years.
The Mumbai-based IT service firm disclosed the US hiring number in its 2019-2020 annual report. The company has reduced its visa dependency and focused on local hiring in recent times.
“Our delivery model has evolved over the last few years. Our Location Independent Agile promotes systematic collaboration across distributed teams and reduces the need for co-location.
“This, coupled with greater use of managed services contracting models, has given us more flexibility around where our teams are based,” TCS Executive Vice President and Global Head – Human Resources Milind Lakkad said.
He said TCS Mega hiring has hired over 20,000 employees in the last five years in the US, making it one of the top job creators in IT services and consulting.
Lakkad said all these steps have brought down TCS Mega hiring use of work visas to “a small fraction of what it used to be five years ago, de-risking our business significantly.”
“Every year, we hire hundreds of fresh engineering graduates and train them on new technologies. In FY2020, we hired over 2.5 times our usual fresher intake, and also made the training more account contextual, accelerating their ability to play productive, client-facing roles. For very short-term assignments, we use sub-contractors,” he explained.
America accounted for 52.2 percent of TCS’ Rs 1,56,949 crore revenue in 2019-20, while 30.6 percent of revenue came from Europe. India and ‘others’ geographies contributed 5.7 percent and 11.5 percent to the fiscal’s revenue, respectively.
TCS CEO and Managing Director Rajesh Gopinathan, in his message in the annual report, said SBWS helps TCSers enjoy a better quality of life while making service delivery more resilient as the fully distributed model is better suited for business continuity.
It is not just TCS employees who are logging into work digitally now. In view of the COVID-19 pandemic, TCS will hold its annual general meeting (AGM) virtually this year on June 11.
“This has given us the confidence to come out with a bold new Vision 25×25. We believe that by 2025, only 25 percent of our associates will need to work out of our facilities at any point in time; and every associate will be able to realize their potential without spending more than 25 percent of their time in a TCS office,” he noted.
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