TCS Named Number 1 Top Employer in Europe for Second Consecutive Year
Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has been ranked the Number One Top Employer in Europe for the second year in a row, by the Top Employers Institute, an independent organization that certifies companies across the globe. TCS was also recognized as the Number One Top Employer in Belgium, Germany and Denmark, and Number Two in the Netherlands and Switzerland.
This ranking is a recognition of TCS’ progressive workplace policies, culture and continued investments in its people. The company’s differentiated approach to navigating technology change, investing heavily in organic talent development at scale and layering technology skills on top of individuals’ existing contextual knowledge, has resulted in a deeply integrated set of business solutioning capabilities across the organization. Additionally, by valuing employees for their business knowledge and empowering them with reskilling programs that ensure continued relevance at a time of technology change, TCS has been able to achieve an industry leading retention rate of 88 percent in IT services.
TCS has been working with some of Europe’s largest corporations, partnering them in their growth and transformation initiatives. By successfully executing high impact transformational programs and setting a benchmark in customer satisfaction, the company clocked industry-leading revenue growth – all organic – of over 17 percent compounded annually over the last three years. To fulfill the strong demand, TCS has been hiring local talent across the region. TCS Europe has a diverse and eclectic workforce, with 123 nationalities represented and with women making up 23 percent of the base.
TCS engages with young people around the continent with its Grow@TCS European Talent Program to address the digital skills gap. GenY make up around 73 percent of the workforce in Europe, and currently 100 European graduates are enrolled in the program, developing their digital and soft skills as well as business acumen with hands-on experience. Additionally, its goIT program that runs across the Netherlands, Belgium, Sweden, and Germany, aims to encourage and inspire students to pursue STEM education and build careers in technology.
“The energy, creativity and customer-centricity of our employees have been at the heart of our market success in Europe. TCS’ inclusive workplace policies and commitment to foster a culture of continual learning, collaboration and co-creation make us the employer of choice and a true growth and transformation partner for our customers in Europe,” said Dr Prithwish Ray, Director, Human Resources, TCS Europe.