TCS lauded for the diversity of its workforce in the United States
Indian IT services giant Tata Consultancy Services (TCS) has been recognised for the diversity of its workforce in the United States, having been named amongst the top 50 companies in the country for diversity. The rankings were compiled for 2019 by US- based publication DiversityInc.
The firm’s profile in the US has been expanding rapidly in recent years, exemplified by its high-profile contract with Transamerica last year, which was worth approximately $2 billion. Last year, the firm was named the 58th most valuable brand in the US, and has come to be lauded for its contribution to the economy.
Over the last half decade, TCS has created over 20,000 jobs in the US, and part of the firm’s charm appears to be in the diversity of its workforce. In its pan – American operations, TCS employs individuals from as many as 70 different nationalities, nearly 30% of which are women.
This diverse profile is apparently not an accident, given the firm’s active engagements with various other organisations to promote a more equal and diverse workplace. The firm has a partnership with Million Women Mentors, which is an initiative to spark an interest among women in the Science, Technology, Engineering and Mathematics domain.
TCS’ efforts with Million Women Mentors thus far has created a dedicated networks of more than 60 companies across 43 states in the US. Over 1 million women across the US are involved in mentorship programmes as a result, 110, 000 of which are within TCS itself.
Other partnerships for diversity that TCS is involved in include National Center for Women and Information Technology, STEMconnector, US2020 and NPower. The latter two partnerships have, up until this point, engaged as many as 150,000 students from diverse social segments.
Commenting on being included in the Top 50 for diversity in the US, Balaji Ganapathy, Head of Workforce Effectiveness at TCS said, “TCS' progressive and inclusive policies are helping us attract, nurture and retain diverse talent. Our workforce diversity is fuelling the innovation that's helping our customers succeed in a Business 4.0™ world. Equally important is our work to expand access to opportunities for underserved and marginalized groups in the communities where we operate. All this is resulting in superior business outcomes, including best-in-class employee retention and industry-leading revenue growth.”
“DiversityInc Top 50 Companies have a decisive advantage, because they treat people more fairly than other companies. Everybody is far better off working for them, because there is more opportunity at better run companies. Top 50 companies also deliver a greater-than-average return for shareholders,” added, Luke Visconti, Founder & CEO of DiversityInc.
