The regular office goers have received better hikes at the tech multinational
Tata Consultancy Services (TCS) reportedly granted pay hikes to its employees based on various factors, including their regular physical presence in the office. This update follows the company’s decision to require employees to work from the office five days a week, a move implemented months ago.
In February this year, TCS did ask its employees to return to office. Not just that, the company had warned employees of repercussions if they failed to comply with the mandate by March.
It had also linked increments and variable payouts with compliance to the return-to-office mandate. Therefore, employees who received lower pay hikes need not really be surprised if they haven’t taken the return-to-office directive seriously.
By January 2024, a good 65 per cent of the TCS workforce had started working from the office, for at least thrice a week.
In February, the company had set a deadline for return-to-office clearly stating that promotions, increments and even variable payouts would be connected to the new requirement for work from the office. For some time now, TCS has been letting employees know how important returning to the office is for teamwork, creativity and building a good collaborative atmosphere. However, some people are worried that this would disturb the balance between work and personal life, which will ultimately affect their well-being in addition to increasing the cost of commuting.
The company had witnessed a drop in its number of employees in the three months leading up to February 2024. At the time, it had over 6,00,000 employees.