IndiaCatalog.com
India News
Search Web Directory
News Home
TCS doubles pay for fresh hires with new-age skills
Posted on 3rd October 2018
Tata Consultancy Services (TCS) has offered about 1,000 freshers with new-age digital skills almost double the salary it normally pays those coming out of campuses. While the entry-level salary of Indian engineers in the IT industry has been stuck at about Rs 3.5 lakh per annum for the past decade, TCS is offering those with digital skills a starting salary of about Rs 6.5 lakh.

The selection of these candidates was based on their clearing a test focused on new digital areas. From this year, candidates who perform exceedingly well in the company’s online National Qualifier Test (NQT), about which TOI reported recently, will also get an opportunity to take a shot at that digital skills-based examination.

TCS, one of the biggest recruiters from Indian engineering institutes, usually visits its accredited colleges to conduct a test followed by an interview. This process is going to be largely replaced by the NQT. “People who have done well in the NQT will get a chance to write another test for the digital talent pool, and if they clear and go through the interview, then they will get into the digital pool and their compensation will be differentiated,” Ajoy Mukherjee, executive VP and head of global human resources, told TOI in an interaction.

The test involves programming with a higher degree of difficulty compared to the NQT. The test is longer and requires good coding skills. The move by TCS shows the lengths to which companies are ready to go to hire good talent. Employees armed with skills in the fields of machine learning, artificial intelligence (AI) and data analysis are getting better appraisals across levels.

Such specialists are few and in much demand. Companies often have to spend significantly on training employees to acquire such skills. TCS’s NQT, launched this year, has enabled it to reach out to a far larger student talent base, as also complete the recruitment process in three-four weeks compared to the three-four months it took under the traditional process.

Mukherjee would not comment on the number of people who would be hired this year as part of the digital pool, saying that the process is still on, but added that the numbers would be nearly the same or higher compared to the 1,000 it did in the last academic year. Apart from this process, TCS also does select hiring from the IITs and NITs, where it offers compensation packages that are even higher.

Related Companies: TATA Consultancy Services ( TCS )   

Other Latest News
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for TCS doubles pay for fresh hires with new-age skills
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for TCS doubles pay for fresh hires with new-age skills

Most Read News

More India News

  India Web Directory
Business Profiles
Yellow Pages
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2026 IndiaCatalog.com
    All Rights Reserved
Privacy Statement