Page 179 - Tcs News Today

Tata Consultancy Services (TCS) on Thursday said it will launch an advanced research and innovation hub in Hyderabad, for incubating digital solutions for Consumer Packaged and Goods (CPG) companies.

TCS is now officially asking employees to rejoin the office by November 15 this year. The IT company, since the start of the pandemic, has been allowing its employees to work from home all this while.

While competitors like Infosys and Wipro have halted the rollout of variable compensation for employees, whereas TCS will implement raises in Sept.

Last week Infosys told employees in an email that the company was making ‘structured efforts’ to improve performance, as it cut variable pay

India’s largest IT firm Tata Consultancy Services (TCS) to pay out full bonus to 600,000 plus employees even as peers Infosys and Wipro have curbed rollout of performance bonus due to margin pressure.

Other IT majors, including Infosys and Wipro, have also reduced or delayed the variable pay of their employees

Software majors like Tata Consultancy Services (TCS) and Wipro also recently announced that they have deferred, postponed, or reduced the variable payout to employees for the first quarter of the financial year 2023. 

TCS will offer its ‘BaNCS’ platform to enable on-cloud trading and investment services for Absa CIB’s clients.TCS says that its BaNCS platform is used across 450 locations around the world

One of the TCS employees, who is impacted by the company’s delay, said that the quarterly performance bonus is usually given in the payroll that follows the end of the quarter, but this time, TCS had communicated a delay.

India's IT services companies recently said that they would follow a hybrid model of work in the long term.