TCS Has Officially Ended Work From Home? TCS Asks All Employees To Return To Office In A Phased Manner
Latest development indicates that the country’s one of the IT majors, TCS (Tata Consultancy Services) has finally decided to apply a full stop to work from home after many years.
Work From Home Ends For TCS Employees
Following the same, the global leader in IT services is asking its employees to return to the office full time.
So far, the IT firm has been allowing its employees to work from home since the start of the pandemic.
According to TCS, its employees have been called to work from the office for the past several months now.
It is noteworthy here that now most of the technology firms are eventually calling all employees back to the office after providing work from home facilities for the last few years.
25/25 Plan In Execution
With this latest development, it is most likely that TCS will not allow work from home after November onwards.
This simply means each and every employee will need to head to the office for work after November.
Notably, the IT service provider is calling its employees back to office since over 95 percent of employees are partially vaccinated and more than 70 per cent are fully vaccinated.
Presently, the company has around 20 to 25 percent employees already working from the office.
“We continue to drive the return-to-office model because the 25/25 plan needs to be executed in a more controlled manner,” said Rajesh Gopinathan, CEO and MD of TCS recently.
TCS Not Trimming VPI Payout
In recent times, the IT firm has refuted reports of cutting variable pay for some employees.
In response, it has confirmed that it will pay 100 percent variable pay to all its 6 lakh+ employees.
In the case of Wipro, in its recent announcement, it said to hold back variable pay for its mid and senior-level employees.
The IT company will offer variable pay after a 30 percent cut for fresher and junior-level staff.
In its defense, Wipro clarified that the decision to hold back variable pay came after teams failed to achieve their assigned target.
The IT firm’s email sent to employees noted that the Q1 margins were lower at 15 percent due to inefficiency in talent supply chains, project margins, and investments in talent technology and solutions.
Further adding, “Given our underperformance on margins this quarter, our variable pay (including sales incentives) takes a hit,”.