Tata Consultancy Services (TCS) has linked quarterly variable pay out to employees with their attendance in office. Those with less than 60 percent attendance won’t be eligible for the quarterly bonus, according to the latest policy update coming months after the IT services giant mandated employees to work from office five days a week.
TCS had recently updated its policy on the internal HR portal notifying employees of these changes, sources told Moneycontrol.
According to the updated policy which was revised on April 17, the company is expecting minimum 85 percent attendance of employees in office for them to receive full quarterly variable pay from here on. Also, consistent non-compliance of this could lead to disciplinary actions being taken.
Employees with 75-85 percent work from office attendance will receive 75 percent of their variable pay while those with 60-75 percent attendance will only get 50 percent of their variable pay. TOI reported the development first.
"The TCS India Policy Working Hours Policy and the TCS India (BPS) Policy Working Hours defines the Working Hours for the organization, which every employee is expected to comply with at all times from TCS designated work premises (any reference to this includes TCS offices, Client locations or any other TCS designated physical location for the scope of this document)," a copy of the notification seen by Moneycontrol said.
It added, "In the recent past, the organisation had taken temporary measures to enable associates to work remotely. as an immediate and required response to the Global Pandemic. With the social environment returning to normalcy, this has been discontinued and it is expected that all associates ensure their physical presence at the workplace."
In a recent communication to employees summarising the company’s performance for FY24, TCS CEO and MD K Krithivasan had said that the fourth quarter ended March 31 saw most of the employees “return to the workplace, creating shared experiences, nurturing greater learning, collaboration, and camaraderie”.
“As we build on this momentum, I have no doubt that together we will unlock many new opportunities,” he had said.
TCS was earlier following a hybrid work model post pandemic, which it ended from October 1, 2023, asking employees to work from office five days a week.
In February, TCS had sent out an email to employees informing them that their variable pay will be soon be linked to their attendance at their office site.
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