TCS sees 70% workforce return to office, emphasizing in-person collaboration for new hires

Tata Consultancy Services announced that 70% of its workforce has already returned to the office premises, marking a significant shift from the remote and hybrid work setups that were prevalent over the past few years. This move was emphasized as essential by the company's management, including N Ganapathy Subramaniam, Chief Operating Officer (COO), and Milind Lakkad, Chief Human Resource Officer (CHRO), during a press briefing following the announcement of the September quarter results.

Lakkad, speaking at the briefing, highlighted the importance of in-person collaboration, especially for the new employees who have joined the company in recent years. He stated, “We hired a large number of people in the last three years and for most of the period, they were working in hybrid/virtual mode. We strongly believe they need to come to work so that the new workforce gets integrated with the larger workforce of TCS,” emphasizing the need for all employees to return to the office on a daily basis.

Furthermore, Lakkad mentioned that TCS will continue to assess various work models, aiming to strike a balance that benefits both customers and employees. He also touched upon the company’s hiring strategy, stating that TCS has successfully recalibrated its hiring numbers. Despite a decline in total employee headcount, the company’s attrition rate has reduced to 14.9% during the quarter, a positive indicator for their hiring and retention efforts.

Lakkad also addressed the issue of variable pay, stating that 70% of TCS employees will receive 100% variable pay, while the rest will be based on business performance.

Meanwhile, COO Subramaniam shared a reassuring update about TCS employees located in conflict zones, particularly highlighting the safety measures being undertaken for their 250 employees in war-hit Israel. TCS remains in constant touch with its staff, ensuring their safety and well-being during these challenging times.

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