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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 trying to find ways to bring back of its onsite resources who have been spending way too long in financially lucrative locations, preventing any concept of rotation. There is thought in the lines of restricting promotions for employees who are in onsite for longer periods.

But it is learnt that this thought process is still in the early stages of conception and it may take few months before a solid decision is arrived.

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TCS starts firing game more aggressively

PIP or no PIP ? Has your project manager cleared it not cleared it ? Are you a critical resource or not ? . Well TCS HR says all these questions doesn’t matter.

As one of my friend came to know in a hard way recently after the quarter results. He is a critical resource and had gotten a PIP for last 2 years D band rating and current manager cleared it saying he’s doing well.The story of his previous 2 D rating itself is a typical one, One for release and other for onsite. Now he has got Band C, still HR asked him to submit resignation in spite of his current Account Manager fighting with HR over his critical job function in the account.His role is of ITA.

And now it has sent shivers across many associates ranks who were thinking their positions are safe. Will TCS start firing associates in big numbers based on this years appraisal or not is a big question mark only time or HR can answer.

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TCS Q4 Results: 70% Divident for Shareholders -10% salary for employees

TCS depicts a typical company where no unions are present. While TCS is projecting that it is still comfortable  in terms of profits the company has shrewdly cut down the Variable Allowance components of employees.  TCS plays two different tunes to media and its internal circulation. While announcing a 70% divident for its shareholders (The big executives of TCS management have huge stockpile of the shares) , it has said in its internal memo the times are tough hence no VA.

This is whats called as double standard. Look at the measures TCS has undertaken in last few months before announcing quarter results.

 

* Canteen food prices increased by 40-60% and many cases the quality and quantity also has reduced.

* Doubled  office transportation prices (Office Bus)   Chennai employees pay at an average of Rs 2500 per month and the buses are not AC or even Deluxe. Reduced frequency. 

* No Night shuttle for workers in Night shifts.

* Switch off AC after 9 PM but 20% employees work after 9 PM shift with not even a fan.