Tata Consultancy Services (TCS) is ready to establish new eight office spaces, each of them having the capacity of housing more than 10,000 employees.
Samir Seksaria, TCS’s chief financial officer said that many of these office spaces are open in non-metro cities and focus on the tier two presence of the country’s largest IT services company.
Further, he added that these large offices are part of large cycle projects which will take 3 to 5 years to complete. The project is planned in line with the company’s 25 by 25 model in which 25 percent of employees will be allowed to work from offices for 25 percent of the time by 2025. The new office spaces will be designed to be more collaborative as part of the strategy.
Moreover, he said that given the instructions and their thoughts on the 25 by 25 model, the company has not given up a single office space. The company has its own offices as well as offices on lease and is continuing to invest.
TCS has added more than one lakh employees to its workforce in the last year, making a total workforce of 6 lakh as of June 2022.
The company has its offices across the country in the cities like Bhubaneswar, Kochi, Thiruvananthapuram, Nagpur, Indore, Varanasi, Baroda, Bhopal, and Gandhinagar.
Now, TCS is extending its presence in non-metro cities such as Guwahati, Nagpur, and Goa to encourage employees to get back to the workplace as many employees show the inability to get back to base locations after shifting their homes to native places due to Covid 19 outbreak and work from home situations. The company is eager to have all the employees attend the offices physically before it transitions to the 25 by 25 model.
Moreover, the company has established occasional operating zones (OOZ) and hot desks encouraging employees to plug in their system in any office across the country.
According to the experts, almost 60 percent of IT employees shifted back to their hometown in the non-metro regions, and attempts to bring back those employees to the workplace are leading to higher attrition in the industry. So, the company is growing its base to the two-tier cities to tackle this situation and tap into the talent of small cities.
Companies like Infosys, Tech Mahindra, Wipro, HCL Technologies, and Mindtree have better retention rates in non-metro regions.
Seksaria said that TCS was focusing on tier two cities before the pandemic situation also. The company’s most recent campuses launched before the pandemic were in Nagpur, Pune, and Bhubaneswar.
