TCS attrition: Tech major adds 10,227 employees in Q2FY19; highest in 3 years
Tata Consultancy Services (TCS) has once again performed outstandingly well when it comes to adding profits in its books. TCS posted second quarter ended result for FY19 (Q2FY19) under which the company's consolidated net profit stood at Rs 7,901 crore rising by 22.60% from Rs 6,460 crore in the corresponding period of previous year. While posting a good Q2FY19 result, TCS also highlighted its employee base, which was highest in 3 years this time.
TCS added 10,227 employees on a net basis In Q2, the highest net addition in 12 quarters.
Total employee strength at the end of Q2 stood at 411,102 on a consolidated basis.
The percentage of women in the workforce rose further to 35.7%, while the total number of nationalities represented grew to 147.
Ajoy Mukherjee, Executive Vice President and Global Head, Human Resources said, "Our investments in organic talent development and innovative employee engagement Initiatives continue to deliver best-In-class HR outcomes. This quarter, we introduced yet onother Innovation, democratizing the entry-level talent acquisition processes in India with the TCS National Quallifier Test."
Furthermore, the company's investments in organic talent development resulted In a cumulative 12.4 million learning hours, that trained over 278K employees In digital technologies, and over 279K employees in Agile methods.
TCS continued to have the best retention rate in the industry, with IT Services attrition rate (LTM) staying unchanged sequentially at 10,9%.
As part of the 'Billion Steps Challenge', one of the largest employee engagement initiatives undertaken as part of the company's year-long golden jubilee celebrations, employees were challenged to walk or tun Individually or in groups within a lO-day window, so as to collectively log a billion steps in a special app.
This unique employee challenge drew 200,000 participants globally who logged a record 3 billion steps.
With this, TCS has emerged as world's largest Agile-ready workforce
Apart from this, TCS's consolidated revenue stood at Rs 36,854 crore which was higher by 20.67% from Rs 30,541 crore a year ago same period.
For employee benefit expenses, TCS had given up to Rs 19,525 crore in Q2FY19 from Rs 16,572 crore in Q2FY18.