Tata Consultancy Services was Named the #1 Top Employer in Australia, Hong Kong, Malaysia, Philippines and Singapore for its Best-in-class HR Practices and Employee Culture
SINGAPORE, February 08, 2021: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has been named a Top Employer in Asia Pacific by the Top Employers Institute, in addition to the Global Top Employer recognition that it has been given for the sixth consecutive year.
In Asia Pacific, TCS took home the No. 1 Top Employer accolade in Australia, Hong Kong, Malaysia, Philippines and Singapore, as well as the Top Employer recognition in Mainland China.
The Top Employers Institute recognized TCS for its employee-friendly workplace practices and continued investments in building up talent across the organization through professional development initiatives and digital skills programs.
TCS has supported its teams throughout the COVID-19 pandemic and rapidly enabled over 95% of employees to work from home within a matter of weeks. With employees working remotely, TCS provided extra support to its workforce including virtual counselling services and medical helpdesks for physical and mental wellness. A virtual engagement team was set up to keep employees connected and promote wellbeing.
The company’s continued investment in organic talent development, focus on upskilling and innovative training methods, learning platforms, and certifications, have resulted in industry-leading outcomes. To date, 366,000 employees globally have been trained on multiple new technologies, and over 444,000 have been trained on Agile methods.
TCS’ Contextual Masters program celebrates experienced employees who build up deep knowledge about the customer’s business and technology landscape on the job and use that contextual knowledge to create value. Over 10,000 individuals have been identified as contextual masters till date. This knowledge and the large pool of digital experts have been central to TCS’ engagement with some of the top corporations in the Asia Pacific in their growth and transformation initiatives.
This combination of purpose-driven people culture and world-leading HR practices have made the company the global industry benchmark in talent retention. Its attrition rate in IT services on a last twelve months’ basis was at an all-time low of 7.6% at the end of the December quarter. TCS’ 469,261 employees represent a diverse workforce comprising 147 nationalities, with women constituting 36.4% of the base.
“We are delighted to be recognized as a Top Employer in Asia Pacific yet again. Throughout the past year, we emphasized increasing engagement to create a positive and engaging work environment for our employees. As we look towards the post-pandemic working world in 2021, we will further support our employees in acquiring new capabilities to grow as individuals and professionals,” said Rajeev Das, Head, Human Resources, TCS Asia Pacific.
“Operating in a world of whirlwind change, this year’s roster of Top Employers kept pace with the demands of the workplace, channelling empathy into purposeful action. We are pleased to recognize and share insights from organizations like Tata Consultancy Services who have prioritized excellence in people practices that foster an innovative, inspiring, and impactful workplace of the future,” outlined David Plink, CEO, Top Employers Institute.
The Top Employers Institute evaluates companies worldwide, taking into consideration employee conditions, talent development and enablement throughout all levels of the organization, and continuous improvement and excellence in employment practices. Applicants are certified after undergoing a stringent research and standards review process, and an evaluation by independent auditors.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 469,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
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