TCS Share Price: Due to the increase in the net profit of TCS, the company’s stock is seeing a rise. Apart from this, HR Officer Milind Lakkad said that 70 percent of the company’s employees working from home have returned to the office.
WFH in TCS: 70 percent of the employees working from home (WFH) of Tata Group’s giant IT company Tata Consultancy Services (TCS) have started working in the office. TCS Chief HR Officer Milind Lakkad said that about 70% of the company’s employees working from home (WFH) have returned to the office. This has happened after the company implemented the new policy. Under this, a part of the salary (variable pay) depends on coming to the office. He also said that this step is temporary and should be seen as such.
New rule implemented in April 2024
TCS has implemented a new rule in April 2024. Under this new rule, the quarterly bonus of employees is linked to their office attendance. If an employee does not come to the office at least 60% of the days in a week, then he will not get a quarterly bonus. Earlier, TCS had also said that all employees will have to come to the office for a full 5 days a week. Any employee will have to come to the office 85% of the days to get the full bonus.
Variable pay will be given according to this
According to the changes made by TCS, employees working 75 to 85% of the time in the office will get 75% bonus and those coming to the office 60 to 75% will get only 50% bonus. This change has been made by TCS to call more and more employees to the office. Milind Lakkad said, ‘Today about 70% of our company’s employees are coming back to the office. I am not too worried about those who are not coming to the office. This is affecting their salary. The number of people coming to the office is increasing every week.’
He also said that employees are understanding the benefits of coming to the office. Some employees had joined the company during the pandemic, so coming to the office is a completely new experience for them. Everyone should take it positively. From our point of view, these changes are temporary and everyone should look at it from this perspective. He also said that TCS’s quarterly net profit has increased by 9% to Rs 12,040 crore compared to last year. Apart from this, the income from operations has increased by 5.4% to Rs 62,613 crore.
