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Tata Consultancy Services (TCS) visited over 370 Indian engineering colleges, during the last couple of months, to recruit 25,000 trainees – of 55,000 people the company plans to hire during FY 2015 – who will be inducted into the company from June 1 onwards. The company's Executive Vice President, Global Head- Human Resources, Ajoyendra Mukherjee, tells fe that the remaining 30,000 heads that the company plans to hire will consist of lateral, overseas and domestic hiring respectively, while overseas hiring for FY 2015 will mostly be lateral. An excerpt from the interview:
TCS had 3,00,464 employees at the end of Fiscal 2014, one of the largest among India Inc. How do you keep such a massive workforce motivated?
There are multiple factors that come into play here. For one, TCS as an organization has been doing well. We also try to keep our workforce motivated with the kind of work we do, by creating a good work culture and environment and by compensating well. Our basic ideology, when it comes to hiring people, is to hire those who would stay with us for life. We even rotate people from one engagement to another, from country to country, and technology to technology to keep our staff motivated.
We conduct various activities to take care of stress level among our employees like adventure activities, music, yoga lasses and providing them access to counselors . There is a phenomenal effort we put in to meet aspiration of our staff.
On a last twelve months (LTM) basis your attrition rate stood at 11.3 %, one of the lowest in the industry.
We have multiple initiatives to retain our staff. People start leaving the organization when they get bored with their jobs. The main challenge for us is to be able to culturally integrate our whole workforce together, which is an arduous and time consuming affair. At present we are seeing higher attrition level abroad than in India as the company has tremendous brand value in India while abroad the same is lower. We are working on improving this. This has reflected in our on site hiring, which have gone up significantly during the recent quarters. As for our overseas hiring for FY 2015, we expect it to be on similar lines to the hiring figures of FY 2014.
How has the company's domain shifting exercise affected its staff productivity?