Mumbai, April 24: Tata Consultancy Services (TCS) has hired 11,500 people outside India during 2016-2017. Its net addition of employees during the period is 33,380, taking its total workforce to 3.87 Lakhs at the end of March. However, since governments in US, Australia and New Zealand are tightening visa-related norm, this hiring was necessary.
TCS and other IT companies use H1-B (For US) to send their employees to work on client sites, however, over past few weeks, governments in markets like US, Australia and New Zealand are tightening their work visa norms. Company has been hiring local talents in offshore markets to ensure compliance with rules.
TCS added about 79000 employees gross, which is lesser than previous year’s hires of 90000. Also, TCS inducted 16173 people from offshore markets in the last fiscal, which is greater than this year's recruitment. Hiring locals in overseas markets often increases the operational costs of IT resource companies.
TCS did not provide geographical details of the recruitment, but the figures speak for themselves, indicating that the total net intake will be lesser in upcoming years than current year in view of the changing dynamics of the market.