India’s largest software services firm, Tata Consultancy Services, employed over 20 percent of its new recruits in the past year in international markets as part of its “localization initiatives”, according to a PTI report.
The company recruited almost 3,000 people from outside India, in the October-December 2017 quarter alone.
“Overall, in the last 12 months, we have recruited 59,700 employees, which includes 12,700 recruited outside India, a good indicator of how our localization initiatives are progressing,” said TCS CEO and Managing Director Rajesh Gopinathan in a recent investor call.
He also said that the company has “always prided ourselves in our ability to attract and retain diverse talent.”
The Mumbai headquartered company, however, did not bring up details of the geographies where hiring was done.
“…we continue to recruit steadily and in Q3 we added 12,534 employees on a gross basis, of which almost 3,000 were recruited outside India… we closed the quarter with the total headcount of 390,880 employees,” said Gopinathan.
Indian IT companies have been upbeat about local hiring in offshore markets to tackle visa-related challenges.
Though hiring locals in international markets boosts the operational costs for IT companies, Indian IT firms are hiring more local talents in overseas markets to comply with rules of government in countries like the US, Australia and New Zealand are making its visa rules stringent.
Also, new era technologies like Artificial Intelligence and automation are turning a lot of jobs redundant that are impacting hiring at IT firms. – CXO Today