New Delhi: In light of the coronavirus epidemic, India’s largest IT giant Tata Consultancy Services (TCS) announced intentions to summon staff back to the office after working remotely for more than two years.
TCS CEO and MD Rajesh Gopinathan told reporters at a press conference that the company’s senior associates will begin returning to the office three days a week in April, and that the number of employees returning will gradually increase, with the company expecting the majority of its staff to work from office by the middle of the year.
In terms of pay raises, he stated that the IT firm granted a 6-8 percent raise in FY22 and that comparable raises with an upward tendency will be considered in FY23, according to reports.
“We are starting with our senior associates, the top 50,000 employees, who will start coming to the office, starting three days a week from this month itself. And then we will continuously increase the coverage of associates who will start coming back. So, sometime during the middle of the year, we should be somewhere in the well on the way to the 80:20,” Gopinathan said.
He sounded confidence in the company’s 25 by 25 strategy, but he feels it has to be applied in an organised manner, since the IT business is now working at a 95:5 ratio.
“We need to get back to a more normal model of 80:20 or so, before we start the migration to the 25 by 25 model and hopefully if the trajectory that we are currently seeing continues, we will start accelerating that shift back to the 80:20 model,” IT giant’s CEO added.
TCS added 35,209 people on a net basis in Q4, the greatest quarterly net addition ever. Employee headcount reached 592,195, an all-time high, with a net addition of 103,546 throughout the year. Meanwhile, TCS’ IT Services attrition (LTM) for the quarter was 17.4 percent. “IT services attrition continued to climb. However, incremental attrition has moderated”.