Required fields are marked *, Notify me of followup comments via e-mail. He never relaliated because he knew I had nothing to lose. I agre to the above answer by ” You probably joined tcs long time ……. They are actually fooling everyone by saying 50% extra. i mean i get optimistic very easily and i am thinking …like hmmm…this may benefit all of us who have literaaly slogged like anything for peanuts…!!! The new insurance plan for Expats in US is an insult to all employees who have any kind of self-respect (I will write in detail about that later). This could be a way the company is trying to mend way with its employees and probably a Gift from the new CEO N Chandrasekharan. It’s like master throwing breads at his dogs. TCS has been returning cash to shareholders consistently from the time of listing, through interim dividends every quarter, final dividends at the year-end and an occasional special dividend. Management is full of muddlehead people. I had enough just wanted to give myself a break and ive quit the Organisation. dude read the post properly, @john said nothing about graduates. Those who touted about job security in TCS, it can be seen that in recession times, randomly people were picked and forced to resign. TCS has been in the news for All bad reasons recently, for a change today the TCS Management has announced 50% increase in VA Quarterly component for the just concluded quarter. I would describe these guys as parasites always sucking on others blood to lead a luxurious life with basic pays upto Rs6 lakhs a month. I am working for TCS for last 8.5 years and a meagure package of 7.6L PA. Was waiting for a promotion and market conditions for last 2 years before walking out. Time has come for TCS to give atleast some value to its employees, else the attrition rate says it all “good bye to TCS and its BSc/diploma resourses” , who dont even know how to reply to clients mail…. If you cannot accept the performance linked VA, and understand that performance is the basis for your pay, you’d better join the government or start your own paan-beedi shop (paan-beedi – you may not do well either – because if your performance here is worthy only of 2, at least you get a basic salary – paan-beedi shop doesn’t guarantee that). Like Kumar rightly said, you will have to work for 2 years, even at more than 10 hours a day at times, still no good reason for bad appraisal to reach the level of 6.2L. This comes after TCS on Thursday reported a 4.6% increase in consolidated net profit for the fourth quarter. It is a sign that companies are increasing their profitability. It is the world's largest IT services provider. NEW DELHI: Oil-to-telecom behemoth Reliance Industries (RIL) on Friday announced bonus shares in the ratio of 1:1. Company Name: Times Internet Limited Registered Office Address: 9-10,Bahardurshah Zafar Marg, New Delhi - 110002 Corporate Identity Number: U74999DL1999PLC135531 Actual Payment Date. Seniors please throw some light on this. Even if you get onsite after an year, you never know when you will be sent back because management decisions come on a fly to cut 20% workforce from onsite and sent back. TCS to give employees one-time bonus of Rs 2,628cr. And coming to TCS VA , we dont have any thing to cheer up and happy about the VA news , as this is part of our salary , there are 100’s of people still not promoted since 2008 by short fall of 1 or 2 days as per the new criteria , ad no news on 2009 promotions . Like Kumar rightly said, you will have to work for 2 years, even at more than 10 hours a day at times, still no good reason for bad appraisal to reach the level of 6.2L. TCS is a big time sucker. Country's largest software exporter TCS on Friday said it hopes the Rs 2,628-crore bonus to its lakhs of employees will help contain the high attrition level. Cognizant facing higher Visa Denials for Computer System Analyst roles, Computer Programmer H1B role and Probability of H1B approval in 2018, Intel and several other processors affected by Memory leak bug, Trump administration proposing to end H1B extensions, Trump and conservatives are advocating socialism, minimum wage for USA. TCS was the first one to increase working hours to 9 hours in name of poor exchange rates and poor reallization. All the best dear:). Will there be any decrease in that? What does this mean? TCS hopes bonus payout will help contain high attrition. Its brand value has grown 14% from $9 billion in 2017, placing it among the top three IT services companies globally. Revenue for FY 2018 grew 4.4 per cent to Rs 1,23,104 crore from Rs 117.966 crore in FY 2017. Most of the employees are expected to receive the increased VA in october salary, this will give a minimum bonus of Rs 4000 and upwards . Quarter. However, as soon as I put my papers, the HR and the local ethics counsellor triend to persuade me to take my resignation back and give them some more time so that they could work out something about my promotion and all that considering my case as an ‘exceptional case’. Top TCS Salaries - By Title . Got onsite opportunities when I did not want to go and when I was desparate to go, did not get opportunities. The brand value of IBMand Accenturestood at $20 billion and $17 billion. These are company's accumulated earnings which are not given out in the form of dividends, but are converted into free shares. First of all it not only demotivates the employee but also the employee loses the morale. @ratnakarâ¦. He just quietly complained to the Delivery Manager who later told me about it and asked me to tone down. They are not mutually beneficial and they are just exploiting employees and have no plans to retain talent and make it a joy for all stakeholders. I have never been happier in my 2 yrs career with this F******g company , i am so relived. I had said the same thing to my supervisor on the face, in front of the whole team, interrupting the weekly team-meeting, making his face and ears turn red with anger. Tata Consultancy Services (TCS) on Thursday announced 1:1 bonus shares of Re 1 face value to its investors at the end of fiscal 2017-18. Under the International Financial Reporting Standards (IFRS), net income for Q4 grew 7.9 per cent annually to $1,070 million from $992 million in the like period year ago and 5.7 per cent sequentially from $1,012 million quarter ago. Support our journalism by becoming a TNM Member - Click here. I told him it is obivious if someone has worked on a technology for 4 yrs and all of a sudden if he is (forcibly) made to change the technology the output will not be the same as before. Heard that some pay hike is just a sort of “ soothing ” cover on the.! Dude read the post properly, @ john said nothing about graduates marked *, Notify me of followup via!, nothing is going to change for 96 shares I will get 12 bonus shares 2006... Is the excerpt fromVP & Head of Global HR, TCS he just quietly complained to the number of they! A brave decision, even though I had huge financial commitments because I want! New relationships will now be Rs 50 for the TCS bonus issue and.., many companies have announced issues of bonus shares are shares given existing! Rates and poor reallization sitting around sending emails and getting a fat salary for.! Work and it needs to transcend down when it comes to benefits next time I comment I got. 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