TCS Q2 FY24 - Updates Onboarding and Hiring
In TCS there will be some onboarding delays due to the unstability of the business clients all the offers will be honored definitely. The hiring is lesser than attrition rate and the trainees will be hired constantly like every year but the numbers may change due to business requirements. Investing on upskilling the employees given a huge benefit. In this quarter the BFSI has slightly reduced but compared to last year it has a growth. TCS also acknowledged delays in onboarding lateral hires, an issue persisting for several months. Last quarter, TCS implemented salary raises, with top performers receiving hikes between 12-15 percent, and promotions were also granted. TCS has revealed a net decrease of 6,333 employees in its Q2 FY24 results. Milind Lakkad, the Chief Human Resources Officer, attributed this decline to the company's strategy of actively recruiting and training new talent with the right skills. He mentioned, “Our strategy of proactively hiring bright freshers and invest...