Desperation seems to be getting better of TCS Management. Faced with falling stocks, deserting clients and loss of business in US Financial market, TCS is gearing up for some tough measures in the next few months. TCS has already stopped its promotions for this cycle.
Next target for the management seems to be unallocated employees.
Due to loss of projects many of its employees are sitting idle “unallocated” which is popularly known as getting benched. These employees get salary from the company’s profits and they attribute to zerobilling income. Now there are many employees in bench for more than 2-3 months, these will be the initial target for getting the pink slip.
Many reasons can attribute to being in bench. If the reasons are either incompetence, or employees choice of projects, they sure can expect to go home permanently. Many employees have used these tactics over the years to make MATC (which handles allocations) hand them either onsite oppurtunities or their preferred projects. This trick might not work in the current situation.
Many senior resources with more than 6-7 years of experience are more at risk(if unallocated for long time), as most of them want better roles and usually demand more.The pay packages for them are also higher.
Now the company is in process of preparing a list of associates are benched for a long time and trying to come up with a strategy. You might hear some news very soon from TCS House in Mumbai.