Tata Consultancy Services (TCS)
TCS recorded a drop in attrition for third consecutive quarter. The company also posted the highest headcount at 3.6 lakh employees and a rise in women employees. (representational image).Reuters file

Tata Consultancy Services (TCS), India's largest IT firm, will recruit more people than initially estimated in the current fiscal year ending March 2016.

The Mumbai-based IT major said that it would offer 75,000 jobs in FY16 compared to earlier hiring target of 60,000.

"We have revised upwards our hiring target due to the strong growth witnessed in the first half of the year. Accordingly, we will be hiring 75,000 this fiscal as against 60,000 as planned earlier," said Ajoy Mukherjee, executive vice president and global HR head, TCS.

The company also said that its attrition rate has declined "marginally" to 16.2 in the September quarter on the quarter-on-quarter basis.

"Attrition in absolute number has come down compared to last year. I am quite hopeful that all the initiative we are taking to control attrition will pay off. In Q3 and Q4 the attrition is expected to come down further," NDTV Profit quoted Mukherjee, as saying.

TCS said that it had made a gross addition of 25,186 people (net addition of 10,685 employees) during the July-September, taking the overall employee count to 3,35,620 on a consolidated basis.

"On a quarterly basis, our retention levels have improved this quarter with a net addition of over 10,000 employees in Q2. Our hiring continues to be strong with all-time high of over 25,000 employees joining us this quarter," Mukherjee added.

Bringing cheer to thousands of job seekers, global software giant Accenture said last week that would recruit nearly 100,000 people in its current financial year ending August 2016.

The company also plans to spend about $1 billion on acquisitions, as it focuses on new technologies to boost its revenues.

"Last year we hired roughly 100,000 people. Though the number isn't set for this year, we expect to hire roughly in the same range," said David Rowland, chief financial officer at Accenture.

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