London | Mumbai, May 12, 2011: Tata Consultancy Services (TCS), (BSE: 523540, NSE: TCS), a leading IT services, consulting and business solutions firm announced that it has been certified as one of Britain’s Top Employers for 2011, by the CRF Institute.
The certification, based on independent research done by the CRF Institute and audited by Grant Thornton, demonstrated that TCS performed exceptionally well across all 11 key areas of HR practice. In particular, the survey recognized that the company has outstanding policies, a “make it happen” culture, is dedicated to the long-term development of its staff in the UK and offers excellent working conditions. This performance culminated with TCS being ranked as one of the five highest ranked large organizations in the country along with Thomson Reuters, G4S Plc., Centrica Plc. and McDonald’s UK.
Elaborating the rationale of the awards, Steven Veenendaal, CEO, CRF Institute, noted, “The combination of an aging workforce, the economic recovery and staff shortage in certain industries is making employers increasingly aware of the importance of selecting and retaining the right people and making sure they come into work motivated and engaged.” He further added, “CRF-certified top employer organizations like TCS have put the welfare of their employees at the top of their list of priorities and are doing exceptionally well in offering their employees the best working conditions. We believe that its benefits will be translated in the long-term sustainability of these companies.”
Previously certified as a UK “Investors in people”, TCS contributes toward the future of the UK workforce through partnerships with leading UK academic institutions including London Business School, Said Business School and King’s College, amongst others. TCS’ UK workforce has grown by over 120% over five years since 2006 and the company currently employs over 2500 locally hired staff, including its UK subsidiary - Diligenta.
TCS’ Vice President & Head of Europe, AS Lakshminarayanan is on the board of eSkills Council IT and Telecoms Board, working with the UK government to prepare for the challenges of the global marketplace.
“Our employees are our foremost strength. We have always believed that knowledge, skills and talent development are the key ingredients for strengthening and growing an economy. In this regard, we have been committed to bridging the knowledge and skill experience gap in the UK through apprenticeship, partnership and entrepreneurship programs that help young people develop their IT and business skills, achieve recognized qualifications and help raise the competitiveness of the UK in the global economy," said Lakshminarayanan.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™,recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 285,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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