TCS' employee headcount crosses 5 lakh mark in Q1FY22

TCS' employee headcount crossed the 500,000 mark in Q1, with 509,058 employees as of June 30, a net addition of 20,409 its highest quarterly net addition ever. The workforce continues to be very diverse, comprising 155 nationalities and with women making up 36.2% of the workforce.

The company's investment thrust in organic talent development initiatives has helped it build deep capabilities on newer technologies. Employees logged over 10 million learning hours in Q1. Over 478,000 employees have been trained in Agile methods and over 407,000 employees have been trained on multiple new technologies.

TCS' philosophy of investing in people and its progressive workplace policies have resulted in industry-leading talent retention. IT Services attrition rate (LTM) was at 8.6%, the lowest in the industry.

"During the months of April and May, the second wave of pandemic has been quite demanding for the TCS Family. Our thoughts are with the families who suffered personal loss despite our best efforts. I want to acknowledge the temperament and personality of our associates who stood by each other in these stressful times. We continued to place a premium on associate health and wellbeing and have taken vaccination as a priority for all our associates, dependents and contract staff. In less than two months, over half a million associates and family members and over 70 percent of our associates have been vaccinated, and we are on track to vaccinate all TCSers and families by September," said Milind Lakkad, Chief HR Officer. "The TCS family crossed a new milestone, with over 500,000 associates this quarter. We continue to attract the best talent across the globe with a net addition of 20,409 associates to the TCS family this quarter."

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.3257.1 as compared to the previous close of Rs. 3275.3. The total number of shares traded during the day was 98504 in over 10981 trades.

The stock hit an intraday high of Rs. 3296.95 and intraday low of 3232.3. The net turnover during the day was Rs. 321649618.

Source : Equity Bulls

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