Indian Tech giant Tata Consultancy group to hire 30,000 by 2010-2011!
By Tarry Singh at 10 February, 2010, 2:52 pm
These are clear sign that firms like TCS will now show muscle power many traditional european and U.S firms will not be able to ignore and definitely not when major customers are increasingly opening up for Indian tech firms. These developments are pretty much in line with what I have been saying for a long time.
While this might be true it also means that these Indian firms must have a global strategy at hand to chase these the global market and obviously the strategy will have to be glocal. It is time that Indian IT firms start embracing a global citizen into its workforce while customers start focusing on what these firms have to deliver in terms of quality without letting loose cannons, including biased local sourcing advisors, who confuse their strategy.
New Delhi: With hiring seems to be back in full swing, Tata Consultancy Services (TCS), plans to hire 30,000 employees in the financial year 2010-2011. The company is currently seeing an 8-10 percent growth in revenue from domestic operations and is eyeing a double-digit growth in the next two years.
TCS CEO and MD N Chandrasekaran said that the company will hike salaries of its employees in the coming fiscal, but did not give details. TCS, has not hiked wages in the current fiscal, but employees have received 150 percent VA payouts in two consecutive quarters – Q2 and Q3 of FY’10.
“We are on a path to hire 1,000 people. We have already hired 300,” he said, replying to a query on hiring plans for the current fiscal. In Q3 of FY-10, TCS had made 7,692 net additions, compared with a net addition of 320 in the previous quarter.
Asked about the extent to which India would be affected by the U.S. move to slash tax-breaks to outsourcers, Chandrasekaran said the matter is not an immediate concern. Also Chandrasekaran said, “China is a tough market for IT firms and the company was seeing business opportunity in Europe.”
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