TCS links variable pay to office attendance
Bengaluru: Tata Consultancy Services (TCS) has recently implemented a policy that ties a portion of employees' variable pay (bonus) to their office attendance, media reports said.

Under this policy, employees who attend the office between 60-75% of the time receive 50% of their variable pay, reported Business Standard.
Those with attendance between 75-85% receive 75% of the variable pay, while only employees with attendance exceeding 85% qualify for the full variable pay.
This update follows TCS's previous mandate for employees to work from the office five days a week.
The new policy has raised concerns among some TCS employees who may prefer or require a more flexible work arrangement, such as options for remote work. Critics argue that productivity is not solely determined by physical presence in the office, said the report.
Apparently, TCS closely monitors compliance with the work-from-home policy, and frequent absences may have adverse effects on employees' chances of promotion, said the report.
Promotions are linked to a system where grades are assigned, and these grades may consider factors such as office attendance apart from other performance metrics, it added.
TCS had transitioned to a hybrid work model following the pandemic, but as of October 1, 2023, it ceased this model and required employees to work from the office five days a week.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles

CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.

JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.

LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).

De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News

Accenture lays off 11,000 employees in AI-driven restructuring

Shameful act: Mahatma Gandhi statue vandalised in London's Tavistock Square, Indian High Commission condemns

Modi backs Trump’s Gaza peace plan, calls it pathway to lasting stability

Trump, Netanyahu unveil 20-point Gaza peace plan, warn Hamas to accept deal or face 'full destruction'
