The country's largest software exporter Tata Consultancy Services will complete the process of bringing on board freshers from the 2008-09 batch by March, a top company official has indicated. “Out of the 24,888 offer letters that were given out, we expect around 17,000-18,000 to join us. We have already taken on board 9,200-odd freshers and now we expect the remaining ones to join by the quarter-end,” Mr Ajoy Mukherjee, Vice-President and head - global human resources, told newspersons. This is assuming a joining ratio of around 72 per cent (which means for every 100 offer letters despatched, only 72 would finally join the company rolls). Analysts were expecting joining ratios to be higher than 80 per cent given the uncertain economic climate of last year. In the current quarter, TCS may take on board around 11,000 employees in all, which will predominantly consist of engineers and staff for its back office practise. While around 8,000 of these will be campus recruits from the previous batch, 3,000 will be ‘laterals' or experienced professionals. For fiscal 2011, the company is yet to firm up the overall hiring targets. Like most software companies, TCS too, has adopted a just in time approach when it comes to campus hiring. From this year onwards, instead of going to colleges in the penultimate year of engineering, TCS has decided to go for students in the final semester.
Courtesy: The hindu Business Line |