Considering the recent scenario where many technology companies are choosing over layoffs, a piece of good news for Tata Consultancy Services (TCS) employees as the employer is not considering any layoffs as it believes in grooming talent for longer careers once it hires an employee, said a top official.
More Hiring In Horizon
Besides preserving the existing employee base, the country’s largest information technology services exporter is also looking forward to hiring startup employees as many have lost their jobs, said the chief Human Resources officer Milind Lakkad in an interview.
The comment gives the much required positive vibe during the times when IT companies, including big tech giants, the world over laying off people due to a slew of reasons.
No More Layoffs In TCS
While talking about layoffs, Lakkad said, “We don’t do that (layoffs), we believe in grooming talent in the company (there will be) no layoffs,” in response to a specific question on whether there will be layoffs or involuntary attrition.
Adding that many companies are forced to take such a step as they hired more than they wanted while the ‘cautious’ TCS believes that once a staff member joins, it is the company’s responsibility to make them productive and derive value.
When it comes to a gap between the skill sets required and what an employee possesses, it focuses on training the employee by giving her more time, Lakkad said.
Besides this, the company, which employs over 6 lakh people, will be announcing hikes which will be similar to earlier years, he noted.
Further adding, “It is a very large canvas, we are doing exciting work across different industries in different technologies. I think all of that requires some phenomenal talent to come in and participate. we are getting it obviously from startups, people who have actually done some good work in those companies and have short-term career challenges,”.
Lakkad said that they are looking for talent in user experience design, artificial intelligence, many aspects of cloud and having product experience.
On the subject of TCS reviewing its stock options schemes as startups attract a lot of talent based on such offers, Lakkad confirmed that it is continuing to evaluate this aspect as it feels that both loyalty and performance play a significant role.
