The company’s global human resources head Milind Lakkar said the company, the largest employer in the private sector with an employee base of over 5 lakh, had hired 40,000 graduates from campuses last year and would do well on that number.
He said that restrictions related to the COVID pandemic do not pose any difficulty in hiring and added that last year, a total of 3.60 lakh freshers appeared for the entrance exam virtually.
“From campus in India, we hired 40,000 people last year. We will continue to hire and hire 40,000 or more people in India this year,” Lakkad said, adding that lateral hiring will also be “strong” this year.
Similarly, the company would also outperform the 2,000 apprentices it hired from US campuses last year, he said without sharing the exact number.
Lakkar said hiring from campus takes a lot of planning and when a business deal is signed it is not ‘just-in-time’ hiring, and it usually takes more than three months to get resources on a project. it takes time.
The company’s chief operating officer N Ganapathi Subramaniam said there was no shortage of talent supply in India and also disagreed with concerns about its cost. He termed Indian talent as “phenomenal” given their skill set and work culture.
Its Chief Executive and Managing Director Rajesh Gopinathan Said it is often asked if the organization is too large, but added that the way it is structured makes it possible from the point of view of management and agility.
TCS has broken the organization into smaller, autonomous entities with the backing of the apex, which helps in tackling the challenges, he said, adding that many organizations like railways, armed forces and political parties work with large pools of people. Huh.
Lakkar said the company expects the level of 8 per cent to be very low once the situation normalises, adding that the normal level is between 11-12 per cent. He added that even if layoffs of employees increase, the company’s operating model can ensure that work or margins are not affected.
Its newly-appointed chief financial officer Sameer Sexaria said that even though the company expects discretionary spending to normalize by the end of the fiscal year, they are a small subset of its total spending. There are other levers to cut costs as well, he stressed, adding that there is no barrier to the structurally aspirational operating profit margin band of 26-28 per cent, which was missed in the first quarter.
Speaking a day after the company announced its June quarter results, Gopinathan said the 14 per cent decline in revenue does not represent any cyclicality in business sequentially and is entirely from businesses such as online exams and passports. was outside. Coming to a “pause” due to the lockdown.
He said the company had faced similar troubles during the earlier lockdown and also in the first quarter of the financial year 2020-21 and added that though the announcements were about local lockdowns, they affected the activity.
Subramaniam indicated that the lost revenue – which was pegged at Rs 350 crore by Gopinathan on Thursday – will be made up in the second and third quarters of the financial year, stating that these revenues are from tests and examinations conducted by its unit Ion.
Meanwhile, Lakkad admits that the company does indeed get some requests from employees who are against vaccinations, but tries to convince them of the importance of taking the jab.
Gopinathan said Indians should not be too hard on themselves with the slow pace of vaccination, pointing out that the quantity is still high. However, he said that does not mean that they can be complacent on the programme, adding that the pace needs to be increased.
The company’s stock closed at Rs 3,207.75, down 1.52 per cent on the BSE.
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