India’s largest IT services firm, Tata Consultancy Services (TCS) has announced that is in the process of setting up eight new large office spaces.
The new centres will focus on tier two presence in non-metro cities. The capacity of the centre will be more than 10,000 employees. The campuses are part of large cycle projects that take 3-5 years to complete. TCS chief financial officer Samir Seksaria confirmed the information.
The main aim of the company is to bring back the local talent to the base location. As experts said, “IT associates have gone back to their hometowns in the non-metro regions during the pandemic, and attempts to persuade such employees to return to base locations are leading to higher attrition in the industry.”
Earlier, it was reported that TCS is expanding its presence in non-metro regions like Guwahati, Nagpur, and Goa. These centres will be working on a 25 by 25 model.
Under the 25X25 model, employees will not be required to work more than 25% of the time. Only 25% of staff in project teams can be co-located.
“This model will require no more than 25% of our associates to work from an office at any given point in time, and they need not spend more than 25% of their time in the office. But an important part of the journey to the 25/25 model is to first bring people back to physical offices and gradually transition into the hybrid work model” The company said on the 25X25 model. The business seeks to create a hybrid work model by 2025.
TCS’ focus on tier-2 cities existed pre-pandemic also, Seksaria said, “We have been investing in these cities prior to the pandemic as well. Our most recent campuses that were launched pre-pandemic were in Nagpur, Pune, and Bhubaneswar so that investment has always been there.”
TCS has added more than 100,000 employees to its pool over the past year. The company has added 14,136 employees in the April to June quarter with a total workforce of 6,06,331 employees globally and women account for 35.5 percent of the TCS workforce.
Software giant kicking off the corporate earnings season — said its attrition rate further rose to 19.7 percent in the April to June quarter of the 2022-2023 financial year. In the previous quarter, TCS saw an attrition rate of 17.4 percent.
The company has a presence across cities like Bhubaneswar, Kochi, Thiruvananthapuram, Nagpur, Indore, Varanasi, Baroda, Bhopal, and Gandhinagar among others.
