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Campus hiring: TCS to give out 25,000 offers
India's largest software firm Tata Consultancy Services said there was no pressure to increase entry level salaries.
BANGALORE: India's largest software firm Tata Consultancy Services said there was no pressure to increase entry level salaries, which have been stagnant for the past four years. However, the company will evaluate if there is a need for fresher compensation to be increased because of rising inflation, a top company official said.
Ajoy Mukherjee, executive vice-president and global head (human resources), said the move will have to be carefully thought out because an increase in entry level salaries will have a cascading effect, increasing salaries across all employee levels. Fresher salaries in TCS are about Rs 3.50 lakh per annum.
Last month, TCS revised it gross hiring target for the current year from 45,000 to 50,000 because of higher demand for its services. However, Mukherjee said demand was still not at boom time levels and he did not see attrition increasing until it returned to those levels.
At about 285,000 employees, TCS is the largest private sector employer in the country. For 20014-15 the company has announced it will hire 25,000 people from campus, same as the previous year. This number does not include students it will recruit from campuses overseas, where TCS and other Indian IT providers have significantly increased their hiring in countries such as US in the last 2-3 years.
TCS has digitised its entire campus hiring process with the only manual intervention being at the interview stage. Students can register at its recruitment portal soon after they enrol in any of the colleges accredited with the company and participate in online communities and contests such as Code Vista, a coding contest, and Mobeel, for creating mobile apps, and win prizes including a chance to work in TCS' R&D team. Applicants can check if they have been shortlisted for placement in TCS after an online test through the portal.
About 3 lakh students from 450 colleges are registered on the portal, Mukherjee said. For the first time, TCS will also use the portal to hire from campuses it does not visit.