TCS Hired 11,500 People in Offshore Markets in FY17
Tata Consultancy Services (TCS) recruited over 11,500 people outside India during 2016-17, including graduates from engineering and B-schools in the US, as it ramps up local hiring in offshore markets to tackle visa-related challenges.
The country's largest software services firm added 79,000 employees (gross) and 33,380 employees (net), taking its employee base to 3.87 lakh at the end of March.
Hiring locals in overseas markets often pushes up operational costs for IT outsourcing companies.
However, with the governments in markets like the US, Australia and New Zealand tightening their work visa norms, Indian IT companies are hiring more local talents in offshore markets to ensure compliance with rules.
"Our local hiring programmes in various geographies are progressing well. ...