Tag Archives: TCS
TCS gives its employees a Diwali surprise – 1.5 times the VA (Diwali Bonus ?)
TCS has been in the news for All bad reasons recently, for a change today the TCS Management has announced 50% increase in VA Quarterly component for the just concluded quarter. This is applicable only for this quarter and not future VA components. Most of the employees are expected to receive the increased VA in [...]
TCS posts better than expected Q2 results
TATA Consultancy Services (TCS) beat the market outlook by posting decent Q2 numbers following in Infosys path. The net profit was at Rs 1,640 crore vs Rs 1,533 crore QoQ (Quarter-on-Quarter). The results are up 3.2% QoQ and 6.9% YoY. TCS is expected to announce Full VA for its employees for the Q2 this month. The [...]
Indian IT Biggies chicken out of Dataquest Best Employer Survey
Well you can fake your internal Employee Satisfaction survey, but an independent Survey is a big no no for Indian IT heavyweights like TCS,Infosys,Wipro and Microsoft India. Well all the top names of Indian IT chose not to participate in the Annual Dataquest Best Employer survey citing recession as reason, admitting the fact that employees [...]
TCS to have multiple COO’s after Chandrasekaran
Tags: CEO, Chandrasekaran, COO, Ramadurai, TATA Consultancy Services, TCS Related posts Whats a PIP in TCS ? – Performance Improvement plan (21) TCS sues employees quitting on deputation (18) TCS starts firing game more aggressively (17) TCS recalls its BRMs and All non billable staff from US (2) TCS Q4 Results: 70% Divident for Shareholders [...]
TCS to change Promotion eligibility criteria from 2009-10
The news is almost sure, if the present promotion batch was made to wait unofficially in the name of recession, the future batches will be made to wait in the name of new eligibility criteria. For the past batches the eligibility criteria is 3 years in a particular grade ie to become an ITA an associate have to spend 3 years in ASE (After confirmation) ie a total of four years.
TCS finally gives promotions in Ultimatix (2009)
After the last month’s announcement , TCS has changed grades in Ultimatix.
TCS planning to restructure onsite Salary
TATA Consultancy Services is planning to restructure its onsite Salary Structure and it is most likely that higher grade employees will lose out their extra perks and benefits, though a total reduction in salary is not possible as per US Govt law the minimum wages should be 60,000 $ per annum. The company is also [...]
TCS announces promotions
TCS announced yesterday full VA component for Q1 2010-11 and promotions will be processed for all employees who were recommended last year for the promotions. As we had earlier predicted here the Promotions are back on track, thanks to the increasing attrition and sinking employee morale. Here is the extract from CEO Ramadurai’s announcement “Additionally, [...]
TCS to start giving promotions within Two months
After the attrition started zooming TATA Consultancy Services (TCS) is working on a plan to initiate the promotions which are on hold for almost two years now. Some of the HR are advising the employees who are resigning to wait for 2 more months to see improvements within TCS, indirectly meaning that management and corporate [...]
Employees leaving in flocks from TCS, this time on their own
We have heard a quite a lot about TCS just before its 2008-09 Q4 results, the number of employees fired from India’s Biggest IT company during that period is still not known. But after the results the trend came to a halt, it was quite evident that the management had a number in mind in [...]
