Page 20 - TCE Annual Report 2019-2020

21 Annual Report 2019-20
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Management Strategy and Operations
The greatest asset of TCE are its employees, the highly COVID19 has impacted both CAPEX and OPEX spends
skilled workforce of engineers coming from diverse by our clients. However, with a well-diversified
backgrounds. In today’s competitive environment sectoral, regional and client spread, TCE will be able
attracting and retaining talent is the key to success. In to sail through these unprecedented and ambiguous
FY 2019-20, we recruited 173 fresh graduate engineers times. After a record FY 2019-20 year where TCE
from leading engineering institutes across India, and achieved highest revenues and profits, the company
78 new diploma holders. We put the recruits through has taken prudent measures to ensure it can sail
our rigorous flagship induction programme, the through FY 2020-21 amidst challenging market
Young Engineers Development Programme (YEDP) conditions.
before they began work.
We were able to switch to “Work from Home” within
With the ever-changing technologies, the need to re- weeks of the lockdown announced in mid-March
skill and re-bound is a necessity. We forged strategic 2020. A detailed impact analysis was conducted early
tie-ups for upskilling our engineers and also design in the year with various scenario-based financial
in-house technical workshops. More than 19000+ modelling, precise actions, responses and goals.
programmes were made available to our employees
with an average 20+ person-days training per Following COVID19 specific measures were taken
employee. We have also seen an encouraging increase with effect from the beginning of FY 2020-21, and we
in employee retention and employment longevity, believe that these will ensure TCE remains profitable
increase in employee satisfaction scores, and we hope and sustainable in the coming year as well.
to leverage these positive trends as we look ahead
and beyond the post-COVID times.

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