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Employment News Tcs Gave More Than 43000 Jobs More Jobs Will Be Available In India In A Year

Agency, Mumbai/Delhi

Published by: Dev Kashyap
Updated Tue, 12 Oct 2021 01:45 AM IST

Summary

With the boom in economic and business activities, Indian companies are emphasizing on new appointments. This is the reason why in the next 12 months, Indian companies along with Mexico are expected to have the highest recruitment in the world. The HSBC Future of Work Survey states that Indian companies recovering from the effects of the pandemic are investing in increasing the workforce.

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Tata Consultancy Services (TCS) has said it will continue to make investments tailored to the needs of the business without focusing on saving profit margins, despite employee layoffs and supply-side challenges.

TCS has given more than 43000 jobs, further emphasis on recruitment
TCS Chief Financial Officer (CFO) Sameer Seksaria says that the employee leave rate in the company has increased to 11.9 percent. Despite these challenges, the company is pushing for new hires. 75,000 employees have been recruited in the last one year and more than 43,000 jobs have been given in the first half of 2021-22 and will add more if needed.

Despite the large number of recruitments, the company’s cost has come down by 0.20 per cent to 56.3 per cent. The main reason for this is the large number of recruitments of freshers. However, the company will continue to strike a balance between experienced professionals and freshers employees. Seksaria said that in the midst of volatility in the short term, we will not work only to save margins. We will continue to invest at the right time keeping in mind the needs of the business. The company’s margin in the September quarter stood at 25.6 per cent.

Most jobs will be available in India in a year
With the boom in economic and business activities, Indian companies are emphasizing on new appointments. This is the reason why in the next 12 months, Indian companies along with Mexico are expected to have the highest recruitment in the world. The HSBC Future of Work Survey states that Indian companies recovering from the effects of the pandemic are investing in increasing the workforce. 80 per cent of domestic companies plan to increase the number of full-time employees in the next 12 months.

According to the survey, 80 per cent of Indian companies are already investing in their workforce looking for long-term gains. This is the highest among all the markets in the world. In addition, flexible working environment has proved to be beneficial for companies and around 43 per cent have adopted this environment after the pandemic. For domestic companies, remote or hybrid working will have the biggest impact on their profitability (84 per cent) and employee well-being (83 per cent). The survey is based on conversations with top executives from over 2,130 global companies. These include more than 219 Indians.

Expansion

Tata Consultancy Services (TCS) has said it will continue to make investments tailored to the needs of the business without focusing on saving profit margins, despite employee layoffs and supply-side challenges.

TCS has given more than 43000 jobs, further emphasis on recruitment

TCS Chief Financial Officer (CFO) Sameer Seksaria says that the employee leave rate in the company has increased to 11.9 percent. Despite these challenges, the company is pushing for new hires. 75,000 employees have been recruited in the last one year and more than 43,000 jobs have been given in the first half of 2021-22 and will add more if needed.

Despite the large number of recruitments, the company’s cost has come down by 0.20 per cent to 56.3 per cent. The main reason for this is the large number of recruitments of freshers. However, the company will continue to strike a balance between experienced professionals and freshers employees. Seksaria said that in the midst of volatility in the short term, we will not work only to save margins. We will continue to invest at the right time keeping in mind the needs of the business. The company’s margin in the September quarter stood at 25.6 per cent.

Most jobs will be available in India in a year

With the boom in economic and business activities, Indian companies are emphasizing on new appointments. This is the reason why in the next 12 months, Indian companies along with Mexico are expected to have the highest recruitment in the world. The HSBC Future of Work Survey states that Indian companies recovering from the effects of the pandemic are investing in increasing the workforce. 80 per cent of domestic companies plan to increase the number of full-time employees in the next 12 months.

According to the survey, 80 per cent of Indian companies are already investing in their workforce looking for long-term gains. This is the highest among all the markets in the world. In addition, flexible working environment has proved to be beneficial for companies and around 43 per cent have adopted this environment after the pandemic. For domestic companies, remote or hybrid working will have the biggest impact on their profitability (84 per cent) and employee well-being (83 per cent). The survey is based on conversations with top executives from over 2,130 global companies. These include more than 219 Indians.

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