Tata Consultancy Services (TCS) is planning to recruit 40,000 freshers this year. In the June quarter alone, TCS added 5,452 employees, bringing its total workforce to 606,998.

The Chief Human Resources Officer of TCS, Milind Lakkad, talked about India’s crucial role in the global talent market despite various skill requirements and geopolitical challenges. He also shed light on the different measures that the company is taking to bridge the gap between academia and industry by providing reskilling and upskilling programs. Such programs enable employees to adapt to new technologies and job roles.

While addressing concerns about AI impacting employment, Lakkad reassured that TCS employees are skilled at adapting to technological changes. The company has also implemented salary increases ranging from 4.5% to 7%, with top performers receiving 10-12%. The Elevate Runway program, designed to accelerate career growth for junior employees, has seen over 400,000 participants.

Additionally, TCS’s Mid-Level Transformation program helps employees acquire market-relevant skills for new roles within the company. The firm recently updated its variable pay policy to include office attendance as a crucial factor, reflecting changes in work dynamics.

Approximately 70% of employees have returned to the office, with the new policy aiming to maintain discipline and create a positive work environment.

“We have come to a point where with just 70% plus number I’m very happy. The point of whether we continue for one quarter, two quarters, three quarters or for the year is something we’ll decide. This is not something that we want to do to punish people. ,” he stated.

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