India’s top IT services and business solutions and outsourcing firm Tata Consultancy Services (TCS) Ltd. has revised its hiring target
for the financial year 2011.

TCS has announced a rise in its hiring target to 40,000,
which is an addition of 10,000 staffs to the previous mark of 30,000.

The company reported an overall 13.1 per cent attrition for the
first quarter ended on June 30, 2010 and 1.3 per cent rise as
against the attrition during previous quarter.

Company’s IT services division marked 12.3 per cent
attrition rate, while the BPO segment saw 20 per cent attrition.
Moreover, its utilization rate was 82.6 per cent (excluding trainees)
and 74.8 per cent (including trainees) for the Q1.

TCS has given additional variable pays in better performing scenarios.

In India, the company offered 10 per cent average wage hike.

In the emerging markets it was 2.8 per cent, while other markets saw a 2.4 per cent wage hike.

During the ended first quarter, TCS total staff strength was 1,63,700
out of which foreign nationals consisted of 7.2 % and women 31 %.