India’s largest IT services company Tata Consultancy Services (TCS) has tightened its attendance policy.
India’s largest IT services company Tata Consultancy Services (TCS) has tightened its attendance policy. Sources told CNBC-TV18 on April 22 that employees with less than 60 percent office attendance will not get variable pay. Let us tell you that variable pay is that part of salary which companies do not give on monthly basis along with salary. Many companies do this once a year.
TCS ended its hybrid working policy in October 2023 and said in an internal communication sent in mid-September that the company had mandated that its workforce be present in the office five days a week starting October 1, 2023. will be. Until then, employees were required to be in the office only three days a week.
Big step towards high productivity
Since then, the company has been reiterating this every quarter and motivating employees to come back to the office to ensure high-productivity. In its FY 2023 annual report, TCS said more than half of its workforce was hired after March 2020 and new employees benefit from physical interactions with seniors and leaders and learn from their behavior and ways of thinking. Get to learn.
Why is the company doing this
“Without those interactions, employee engagement as well as acculturation was adversely affected,” the company said. All these factors prompted us to gradually bring people back to our offices over the course of the year. In January this year, TCS’s new CEO and MD K Krittivasan said that just one quarter after the policy was implemented, about 65 percent of TCS employees were attending office 3-5 days a week.
After the quarterly results for January to March 2024, Chief HR Officer Milind Lakkad said that the return of employees to the office, among other factors, has created a vibrant environment in the company’s delivery centers and boosted the morale of associates.
