TCS Recognized as Top Employer in Europe by Top Employers Institute

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been recognized as the top employer in Europe by the prestigious Top Employers Institute, a global authority recognizing excellence in people practices. The global technology services provider was recognized for its efforts towards bridging digital skill gaps and fostering a diverse workforce.

This is TCS' 12th consecutive entry at the top of the list. It was named top employer in 12 countries including Belgium, the Netherlands, Switzerland, Germany, Hungary, Sweden, Italy, Finland, Denmark, Norway, France, and Spain. In FY24, TCS Europe hired over 1,000 associates, boasting a diverse workforce of 142 nationalities. Women make up more than 32% of the local hires - an achievement attributed to TCS' outstanding internal leadership program for women, which has been highlighted in the "Diversity, Equity, and Inclusion Lighthouses 2024" report issued by the World Economic Forum.

David Plink, CEO of Top Employers Institute, said, "Exceptional times bring out the best in people and organisations. And we have witnessed this in our Top Employers Certification Programme this year: exceptional performance from the certified Top Employers 2024. These employers have always shown that they care for the development and well-being of their people. By doing so, they collectively enrich the world of work. We are proud to announce and celebrate this year's group of leading people-oriented employers: the Top Employers 2024."

TCS is dedicated to fostering employee growth through continuous learning opportunities and employee engagement initiatives. This has promoted employee satisfaction and kept attrition low. TCS Europe has over 17,000 employees, with more than 5,000 that boast of a decade-long tenure. TCS is training its employees in digital skills and new technologies such as Generative AI. Having successfully trained more than 150,000 associates in GenAI, the organization is now working on certifying over 25,000 associates on Amazon Web Services (AWS) Gen AI services. This talent transformation cycle empowers employees through "ELEVATE", a merit-based, democratized, and transparent talent framework designed to establish a linkage between learning and career. European employees have successfully embraced this transformative training with learning curriculum spanning across technology, process, domain, and soft skills. TCS has also undertaken a large-scale upskilling drive to train 20 million Information and Communications Technology (ICT) specialists by 2030 through various partnerships. This aligns with the goals of the European Digital Decade Policy Programm-- a policy program for fostering a digital society in the European Union. TCS has also signed up for the EU Pact for Skills-- a shared engagement model for skills development in Europe.

Sapthagiri Chapalapalli, Head of TCS Europe, said, "TCS is honoured to have been certified as a Top Employer in Europe for the twelfth consecutive year. By investing heavily in our people and nurturing a diverse talent pool, we are helping the next generation of IT professionals learn the critical business and leadership skills they need to thrive in our modern world. We are all extremely proud of our achievements in this area and are thrilled to have once again secured our position as the Top Employer for the region."

Under its corporate social responsibility, TCS is also supporting individuals from diverse economic backgrounds to embark on leadership careers in IT through several science, technology, engineering, and maths (STEM) learning initiatives. These include the annual Sustainathon competition and 'go Innovate Together' (goIT) initiative, a flagship global CSR program that offers real industry experience to participants from marginalized communities. Other notable initiatives include the Pace Internship and Grow@TCS graduate trainee programs; and TCS CodeVita, the world's largest computer programming competition. Top Employer Institute annually certifies organizations worldwide based on the participation and results of their HR Best Practices Survey. TCS Europe was assessed on key HR domains, including people strategy, work environment, talent acquisition, learning, diversity, equity and inclusion, well-being, and more.

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3884.15 as compared to the previous close of Rs. 3861.00. The total number of shares traded during the day was 41328 in over 3964 trades.

The stock hit an intraday high of Rs. 3910.00 and intraday low of 3818.10. The net turnover during the day was Rs. 160392507.00.

Source : Equity Bulls

Keywords

TataConsultancyServices INE467B01029 TCS TopEmployer Recognition Europe TopEmployersInstitute