Tech Mahindra hints at hiring 4,000 freshers, reported attrition at 19 percent over 12 months
The company has already hired about 1,800 fresh graduates in the first quarter of the ongoing fiscal, Tech Mahindra Chief Financial Officer Manoj Bhat said in a recent investor call.
"I think over the next three quarters, I do not have a ready number, but our estimate would be about 4,000 people roughly, but it could vary a bit so do not take that as a number, but it is just an indicative view," he said.
The Mumbai-based company had a total headcount of 1,13,552 people at the end of June 2018 quarter, an addition of 745 people over the preceding quarter.
The software headcount was 72,462 people, while those in BPO were 34,700 and 6,390 people in sales and support function in the said quarter.
"As of now it is still probably under control and we will continue to monitor it closely," he added.
Tech Mahindra reported attrition at 19 percent (last 12-month basis), while utilization levels were at 81 percent (including trainees).
"...so you are not going to see a huge number of headcount increase and we continuously hire some specific skills both in India and overseas... I do not want it (hiring) to become linear and we want to push ourselves to deliver more with less number of people," he added.
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