The donation to Carnegie Mellon University will be used to build a new 40,000 square-feet facility -- Tata Consultancy Services Building and to fund student scholarships at the university, TCS said in a release on Tuesday.
During the current financial year, 39,756 employees are retiring. This includes 19,065 officers and 14,669 clerks, sources said.
Aimed to ensure that the companies in new-age sectors like e-commerce and other startups spend less time in their recruitment processes, the HR managers have evolved this new hiring tool that is finding favour with firms like Snapdeal, Ola Cabs, Quikr, Foodpanda, Practo and WNS.
Mr Murthy, who did his Masters in Technology from IIT Kanpur, said in olden times, the IITs earned respect because they attracted talented freethinking students.
Internships for the 2015-16 session began from August 1 and the number of offers went up by 50 per cent as compared to last year while the number of companies visiting the campus also went up by 33 per cent, they said.
The existing retention strategies are based on one-size-fits-all approach, which does not effectively meet employee needs, the workforce solutions provider said in a report.
With start-ups being the buzz word today, industry is witnessing employee movement, especially in mid- to senior-level, from established organisations to new age ventures, say experts.
According to the global financial services company, India has the world's highest proportion of parents (88 per cent) who are willing to send their children abroad for higher studies, ahead of Turkey (83 per cent), Malaysia and China (82 per cent each).
Billionaire industrialist and India's richest Mukesh Ambani has not taken a pay hike for seven years, but his salary is over 205-times that of the median employee remuneration at Reliance Industries Ltd (RIL).
The software exporter is also ramping up investments in the digital solutions space.
BVR Mohan Reddy, chairman of IT and ITES industry body Nasscom, also said that the reported visa related probe on TCS and Infosys by the US government is not "unusual".
According to LinkedIn's 2015 Talent Trends India Report, 55 per cent of Indian professionals define their job search as "passively looking".
GMAC is a non-profit organisation that owns the GMAT exam essential to enter most global business schools.
The survey also reveals that a vast majority of professionals, both active and passive, are interested in hearing from the company after interview and pegs the figure at 46 per cent.
According to 2015-16 Asia Pacific Salary Budget Planning report by Towers Watson, a global professional services company, India is clearly the front-runner with a 10.8 per cent average salary increase, ahead of countries like Indonesia (9.5 per cent), China (8.6 per cent) and the Philippines (6.7 per cent).
Computer science and engineering student Sikhar Patranabis has scored 9.87 and passed out as the highest-ranked graduate this year. He is tipped to get the President of India Gold Medal.
As many as 73 per cent of respondents admitted to appearing for an interview in past 12 months, Michael Page India's 2015 Employee Intentions report said.
The Naukri Job Speak Index for the month of May stood at 1,664, recording a 2 per cent dip in hiring activity over May last year. On month-on-month basis the index slumped 4.14 per cent from 1,736 in April.
According to the Manpower Employment Outlook Survey released on Tuesday, out of 5,007 employers across the country, 37 per cent have been bullish about hiring plans, and job seekers are expected to benefit from this robust labour market scene.