TCS plans to hire 60,000 freshers in FY12-13


12 Jan 2012
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TCS plans to hire 60,000 freshers in FY12-13

The country's biggest IT company Tata Consultancy Services has already made campus offers to 43,604 students across 389 colleges for fiscal 2013, the company's annual report released on Monday said. The company plans to hire around 60,000 freshers during the current fiscal.

The number of non-Indian nationals among its employees has risen to 7.3% during 2011-12, from 6.9% in 2010-11 and 5.9% in 2009-10. The company now has a non-Indian employee base of 17,329, a quantum jump from 9,536 in 2010. The growth shows a great focus on localization of talent.

Some 1,898 out of the 39,969 net additions during 2011-12 were in-sourced from customer organizations, constituting 4.7% of the net additions. The company had a talent retention rate of 87.8% during the last fiscal, which the report said is the highest in the Indian industry.

Aggressive expense management, the report said, has helped the company in offsetting the increase in manpower cost. TCS has managed to maintain its EBITDA margin within a band over 2004-05 and 2011-12. The margin was 28.9% in 2004-05 and 29.5% in 2011-12). Though manpower costs increased by 550 basis points during this period (from 45% of revenue to 50.5%), this was offset by aggressive cost management. Non-manpower expenses declined by 620 basis points during this period (from 26.2% of revenue to 20%).

TCS's payout ratio (excluding special dividends) has steadily increased over the years, from 27.6% in 2004-05 to 37.2% in 2011-12. In addition, it paid out substantial special dividends in two of the last three years (Rs 2,280 crore in 2009-10 and Rs 1,820 crore in 2011-12). Of the total cash generated during this period, about 40% has been returned to shareholders in the form of dividends and about 9% has been spent on acquisitions.

We have got our campus recruitments around Aug-Sept.
TCS being a Day1 company, we expect it to hire at least 250-300 students :)
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