TCS Q1FY22 results: Headcount crosses whopping 5 lakh - highest quarterly net addition ever

TCS’ employee headcount crossed the 500,000 mark in Q1 FY22 with 509,058 employees as of June 30, the company said in its exchange filing. This accounts for a net addition of 20,409 its highest quarterly net addition ever, the company further said. The announcement was made on Thursday in the Q1FY22 earnings results. Meanwhile, the IT Services attrition rate (LTM) was at 8.6%

The workforce continues to be very diverse, comprising 155 nationalities and with women making up 36.2 per cent of the workforce, the exchange filing said. Source: TCS Website

TCS’ employee headcount crossed the 500,000 mark in Q1 FY22 with 509,058 employees as of June 30, the company said in its exchange filing. This accounts for a net addition of 20,409 its highest quarterly net addition ever, the company further said. The announcement was made on Thursday in the Q1FY22 earnings results. Meanwhile, the IT Services attrition rate (LTM) was at 8.6 per cent, TCS said claiming it to be the lowest in the industry.

The workforce continues to be very diverse, comprising 155 nationalities and with women making up 36.2 per cent of the workforce, the exchange filing said.

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The company’s investment thrust in organic talent development initiatives has helped it build deep capabilities on newer technologies, the exchange filing said.

Key Highlights:

Employees logged over 10 million learning hours in Q1.
Over 478,000 employees have been trained in Agile methods and over 407,000 employees have been trained on multiple new technologies.
IT Services attrition rate (LTM) was at 8.6%, the lowest in the industry.

TCS’ philosophy of investing in people and its progressive workplace policies have resulted in industry-leading talent retention, the company said in its filing to the exchanges.

“During the months of April and May, the second wave of pandemic has been quite demanding for the TCS Family. Our thoughts are with the families who suffered personal loss despite our best efforts. I want to acknowledge the temperament and personality of our associates who stood by each other in these stressful times,” the company said in its exchange filing.

“We continued to place a premium on associate health and wellbeing and have taken vaccination as a priority for all our associates, dependents and contract staff. In less than two months, over half a million associates and family members and over 70 percent of our associates have been vaccinated, and we are on track to vaccinate all TCSers and families by September,” said Milind Lakkad, Chief HR Officer. “The TCS family crossed a new milestone, with over 500,000 associates this quarter. We continue to attract the best talent across the globe with a net addition of 20,409 associates to the TCS family this quarter,” it further said.

TCS has posted a net income at Rs 9,008 crore for the quarter ended June 30 on Thursday, registering a year-on year growth of 28.5 per cent. Revenue from operations jumped 18.5 per cent to 454.11 billion rupees.

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