Statement from TCS:
“We are excited to see our campuses buzzing with energy and want all our employees to be a part of that vibrant ecosystem. A significant number of employees have joined TCS in the last 2 years. It is important for them to experience the TCS environment to collaborate, learn, grow and also have fun together, thus developing a stronger sense of belonging to the organisation and enabling better integration.
Over the last several months we have been encouraging associates in India to return to office and spend 3 days a week at the workplace. This has yielded good results with many of our people returning to office. Our objective is to have all associates work from office for at least 3 days a week on average in the month, and towards the same we continue working with all our groups to have everyone participate. For now, we have not communicated or deployed linkages to career or compensation.”
In a latest development, Indian IT major Tata Consultancy Services (TCS) has sent memos to employees who were found violating the ‘Work From Office’ diktat.
TCS Taking Disciplinary Proceedings Against Employees
This all started when TCS had asked its employees to attend at least 12 days of office in a month.
In this new development, the IT service provider has said in the memo that disciplinary proceedings will be initiated if employees flout the roster.
Moving ahead, the TCS’ memo stated, “You are warned and directed to start reporting to work from your office location according to the assigned roster with immediate effect.”
TCS Encouraging Employees In Returning To office
The IT giant has directed its employees to visit the office for three days a week, during October last year.
For the past few months, TCS has been encouraging associates in India to return to the office.
“We are excited to see our campuses buzzing with energy and want all our employees to be a part of that vibrant ecosystem,” said the Tata Group’s company.
During FY 2023, TCS onboarded over 44,000 freshers and its highest-ever number of experienced professionals.
For the quarter that ended March 2023 (Q4FY23) period, TCS has made a net addition of 821 in its employees’ headcount.
The company’s workforce stood at 614,795 as on 31 March 2023.
Further, the IT service provider said that for FY23, it has added 22,600 employees on a net basis.
In LinkedIn report in 2023, TCS emerged as the best workplace in India this year, followed by Amazon and Morgan Stanley.
Coming to revenues, TCS reported a 14.8% year-on-year increase in consolidated net profit at Rs 11,436 crore for the quarter ended March 31, 2023.
Similarly, the consolidated revenue from operations stood at Rs 59,162 crore, around 17% from Rs 50,591 crore in the year-ago quarter.
Recently, TCS has also declared a final dividend of Rs 24 per equity share.
The Wednesday’s trading session witnessed the company’s scrip end at 0.87% higher at Rs 3,242.10 on BSE.