In a major good news to the engineering graduates and job seekers, one of the largest IT firms in the country, Tata Consultancy Services (TCS), has increased its hiring target from 60,000 to 75,000 in the current fiscal year. The decision was taken after the company witnessed a steep growth in the first half of the year.
TCS claimed that it's attrition rate has lessened
drastically to 16.2 in the September quarter, with high chances of
coming down even further in Q3 and Q4.
During the July-September intake, TCS recruited 25,186 IT professionals, taking the consolidated employee count to 3,35,620.
However, the software industry sees this hike in the recruitment drive as an effect of TCS' arch-rival and world IT giant Accenture's announcement of hiring 100,000 IT professionals in its current fiscal year efficient will end in August 2016.
Accenture also devised strategies to invest $1 billion on acquisitions with a focus on boosting its revenues.