TCS to hire 21% more in 2010-11

Signalling a return of good times in the information technology (IT) sector, India’s largest IT services provider, Tata Consultancy Services (TCS), plans to hire 30,000 employees in the next financial year.

The additional recruitment will represent an increase of 20.55 per cent over the 24,855 employees it has hired for 2009-10. The company will maintain its freshers to lateral ratio at 70:30 respectively.

“These are our global numbers. We have already made 14,000 offers to students across campuses. They will join the company from the second quarter of 2010-11,” Vice-President and Head (Global HR) Ajoy Mukherjee said.

Meanwhile, the company’s Chief Executive Officer and Managing Director, N Chandrasekaran said: “We see large deals coming back to the table. The situation has improved over the last two-three quarters. While it may still be too early for an economic recovery, we do see a business recovery underway.”

On the regulatory climate in the domestic market, Chandrasekaran said: “Extension of STPI (Software Technology Parks of India) will be good, otherwise the government may as well extend the same treatment to STPIs that are given to SEZs.”