TCS headcount increases to 488,649

In Q4FY21, TCS add 19,388 employees to its rolls on a net basis, its highest ever net addition in a quarter. The total headcount stood at 488,649, a net addition of 40,185 during the year. The workforce continues to be young and very diverse, comprising 154 nationalities and with women making up 36.5% of the workforce.

TCS' organic talent development initiatives continued to deliver industry-leading outcomes. Employees logged 43 million learning hours in FY 2021, resulting in over 379,000 employees getting trained on multiple new technologies, and over 457,000 trained on Agile methods. The company continues to be the employer of choice, with industry-leading talent retention. IT Services attrition rate (LTM) was at 7.2%.

"With the second wave of the pandemic upon us, our top priority is once again to secure the health and personal wellbeing of our workforce across the world. We are looking at ways to expedite vaccinations for eligible TCSers wherever local regulations allow it, and in the meantime, urge everyone to stay safe, step out only if necessary, wear masks and practice physical distancing," said Milind Lakkad, Chief HR Officer. "On the business side, our investments in organic talent development have been core to our ability to increasingly participate in our customers' growth and transformation initiatives. Our organic talent development program anticipates the technology and business needs of our customers, and designs career paths that help our employees meet their aspirations, while building leaders and a future-ready workforce for TCS."

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.3241.45 as compared to the previous close of Rs. 3322.2. The total number of shares traded during the day was 149202 in over 10714 trades.

The stock hit an intraday high of Rs. 3343.9 and intraday low of 3217.75. The net turnover during the day was Rs. 488565310.

Source : Equity Bulls

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