TCS to stick to hiring target from campuses for FY16: CEO
February 11, 2015
Mumbai
Country’s largest IT services firm TCS today said it is sticking to its hiring target of 35,000 from campuses for FY16.
“We’ll stick to hiring plans, no change,” its Chief Executive Officer and Managing Director N Chandrasekaran told reporters on the sidelines of the annual Nasscom India Leadership Forum 2015 here.
Notably, in October last year, the Tata Group company had announced that it will hire 35,000 freshers from tech schools in FY16, up from the 25,000 hirings done in FY15.
However, it retrenched around 1,000 employees for non-performance towards the end of the fiscal, leading to widespread criticism and anxiety about its strategy.
When asked if the salary structures will be the same as earlier, Chandrasekaran did not give a direct reply, saying that the company will visit campuses later.
He, however, did not specify the gross hiring, including freshers and laterals, for the next fiscal.
On industry body Nasscom’s target of 12-14 per cent exports growth in FY16, Chandrasekaran said TCS generally grows faster than the annual number, but declined to give a guidance.
“We will wait, but in general we’ve always exceeded the Nasscom forecast,” he said, adding that the industry body’s target should be taken as a “given” because of the efforts it takes in arriving at it.
When asked if Nasscom is conservative in its guidance, he declined to give an answer and said that he will comment for TCS after announcing its quarterly results in April.
Asked about client budgets and spending for 2016, Chandrasekaran said the momentum is good for the technology sector, primarily on the back of adoption of digital technology.
© Copyright PTI. All rights reserved. Republication or redistribution of any PTI content, including by framing or similar means, is expressly prohibited without their prior written consent.
Related Stories
Recent Stories
- Meghraj observes bandh against withdrawal of BJP ticket to Bikhaji Thakor; Patil holds meeting
- BJP announces candidates for five-seat Gujarat Assembly by-polls
- AIMIM to contest Lok Sabha polls from Gandhinagar and Bharuch seats
- RTI activist booked for extortion in Chhota Udepur
- 3 dead in collision between ambulance and truck on Rajkot-Chotila Highway
- Okha to get Hovercraft Maintenance Unit, Jetty for Coast Guard
- Certificate for Garba's inscription in UNESCO's Intangible Cultural Heritage List bestowed upon Gujarat