Tata Consultancy Services' Chief Executive Officer K Krithivasan during a NASSCOM session said that the Indian IT giant has no plans to cut down on hiring. He, however, added that the firm may have to pace hiring according to the evolving demand scenario.
TCS which is the largest Indian software exporter in terms of headcount, revenue and profit has given this statement amidst a report that the software industry is going soft on hiring as demand falters from their key markets and some of them are even going back on their campus offers.
TCS CEO said that the company continues to be cautiously optimistic in the medium to long term.
"As we are already seeing some green-shoots in the economy we need more people for more work. In fact, we have no plans to reduce our hiring plans and will continue to hire the same way as we have been doing. Probably we will have to change the hiring phase, but no cutting down on our hiring plans, for sure," TCS chief executive K Krithivasan said in a Nasscom session here.
Also Read: TCS sees 70% workforce return to office, emphasizing in-person collaboration for new hires
However, the company did not offer a hiring number during the December quarter earnings presser last month.
On the company's push to get staffers back to offices, the CEO said that the important learning comes from seeing colleagues and seniors at work, and such lessons can't be taught if people work from home.
"I believe work from home/hybrid model is not the right way to grow both individually as well as for organizations. As an organization, we value collaboration and camaraderie and this cannot be achieved through Zoom calls or other online medium. Also, as much 30-40% of our associates have joined us since the pandemic and if they don't come to the office, how do they learn these values and organizational cultures? "Because the most important learning comes from seeing how seniors are doing a job. We are not for work from home, because we believe that working from office is the right way of working. Almost 100 per cent of our customers are keen to get their workforce back to office and almost every one of them believes that the right thing to do is work from office," the CEO added.
TCS employs more than 6 lakh people out of which more than 2 lakh or around 35.7% are women.