Mumbai - Tata Consultancy Services (TCS) has announced that it has rolled out job offers to 46,000 freshers for the financial year 2023-2024, reiterating its commitment to talent acquisition and development. This announcement comes despite the ongoing pandemic-induced economic uncertainties that have forced many other IT companies to delay onboarding of freshers or revoke job offers.

TCS's Chief of Human Resources, Milind Lakkad, has confirmed that the company is honoring all job offers, as it has done in the past. He further added that TCS has added 22,600 employees on a net basis in FY23, and onboarded over 44,000 freshers, which is higher than its annual target. TCS is expected to onboard roughly 2,000 freshers during the last quarter of the fiscal year.

Lakkad highlighted that TCS offered 15,000 freshers during Q1, around 20,000 in Q2, and roughly 7,000 freshers in Q3FY23. Overall, the company hired over 1 lakh freshers in FY22. He also assured that TCS would not reduce salaries and would continue to honor all its commitments to freshers.

While TCS is honoring all its job offers, other IT companies like LTI Mindtree have delayed onboarding of freshers or are asking them to appear for a new training program to prove their eligibility. This has created a sense of uncertainty among freshers, who are already grappling with the challenges posed by the pandemic.

In addition, Lakkad confirmed that TCS would pay out 100% of the variable pay for the quarter and that upcoming hikes for high performers would be at 12-15%, as is standard. The statement comes after reports suggested that IT companies, including TCS, might cut variable pay for existing employees.

Overall, TCS's announcement is a positive sign for freshers looking for job opportunities in the IT industry. The company's commitment to talent acquisition and development despite the pandemic challenges is commendable and is likely to have a positive impact on the industry and the economy as a whole.