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, there is good news for all those amongst you, who were recommended for promotions last year. It has been decided to go ahead with the promotion process, in consultation with the Head of Global HR – Ajoy Mukherjee and his team, for all those who fall in this category”
And the best part is there is no restrictions like continous 4 ratings etc
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