TCS crosses new milestone of 2 lakh women in its workforce during Q3FY22

TCS crossed a new milestone in its diversity journey in Q3, with the number of women in its workforce crossing 200,000. The company added 28,238 employees on a net basis, taking the total number of employees to 556,986 as on December 31, 2021. Its policy of hiring local talent across the world has resulted in a globally distributed workforce comprising 156 nationalities.

The company continued to invest in organic talent development. Over 100,000 market-relevant deep skills were gained by TCSers in Q3. 32.3% of open positions were fulfilled through up-skilling/cross-skilling. Over 38,000 Contextual Masters identified across the organization represent a large, internally groomed cadre of specialists powering the company's expanding foray into the growth and transformation opportunity.

Sustained investment in organic talent development, progressive workplace policies and a vibrant culture that empowers individuals and fosters creativity, have resulted in a long-term track record for best-in-class talent retention. IT Services attrition rate (LTM) in Q3 was 15.3%.

"The ability to attract and retain top quality talent across the world has been central to TCS' business success and a source of competitive differentiation. We continue to set new records in talent acquisition. In addition to the 43,000 freshers we hired in H1, we onboarded 34,000 fresh graduates in Q3 - which is higher than our full year fresher hiring numbers in prior years. On the talent retention side, we continue to be the industry benchmark. By continuing to invest in our people, giving preference to internal candidates for the most exciting open positions, providing global deployment opportunities, fast track career paths linked to learning, and promotions to over 110,000 employees, we have been able to retain our best talent and overcome supply side challenges," said Milind Lakkad, Chief HR Officer.

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3857.25 as compared to the previous close of Rs. 3915.80. The total number of shares traded during the day was 122701 in over 13686 trades.

The stock hit an intraday high of Rs. 3930.15 and intraday low of 3836.80. The net turnover during the day was Rs. 475046171.00.

Source : Equity Bulls

Keywords

TataConsultancyServices INE467B01029 TCS Q3FY22 Milestone WomenWorkforce 2Lakhs