TCS you better give a proper salary hike or the employee resentment will be so high you will definitly get only people who don’t know english and diploma holders to join your company. But I am not sure about the price. They are not mutually beneficial and they are just exploiting employees and have no plans to retain talent and make it a joy for all stakeholders. 50% sounds like a lot. I agre to the above answer by ” You probably joined tcs long time ……. 469k members in the india community. "The Board of Directors recommend 1:1 bonus share issue to the shareholders," said the city-based IT major in a regulatory filing on the BSE. also can my salary be negotiated , iam ready to join if hey offer me the same i.e 6.2, i work @ tcs since 4 yrs.. even with a visa i am struggling to get onsite here due to politics. Until, that stays the same, nothing is going to change. Any news about VA increase for the newly promoted ITAs ? Tata Consultancy Services on Thursday said it will give one-time bonus to all eligible employees to mark the 10th anniversary of its IPO. So the media goes gaga over 150% and the employee gets just Rs 3k as a one time payment. Under the International Financial Reporting Standards (IFRS), net income for Q4 grew 7.9 per cent annually to $1,070 million from $992 million in the like period year ago and 5.7 per cent sequentially from $1,012 million quarter ago. Dont recommend to join this company. TCShad allotted 1:1 bonus shares in 2006 and 2009. If you look back, many companies have announced issues of bonus shares to their shareholders by capitalizing their free reserves . It is a sign that companies are increasing their profitability. If you cannot accept the performance linked VA, and understand that performance is the basis for your pay, you’d better join the government or start your own paan-beedi shop (paan-beedi – you may not do well either – because if your performance here is worthy only of 2, at least you get a basic salary – paan-beedi shop doesn’t guarantee that). This is applicable only for this quarter and not future VA components. Written by Corporate Bureau | Mumbai | Updated: Apr 21 2009, 07:22am hrs. I had enough just wanted to give myself a break and ive quit the Organisation. This means that the total payout to shareholders will now be Rs 50 for the year. Share: Updated: Apr 17, 2015, 18:30 PM IST. NEW DELHI: Oil-to-telecom behemoth Reliance Industries (RIL) on Friday announced bonus shares in the ratio of 1:1. Tata Consultancy Services (TCS) on Thursday announced 1:1 bonus shares of Re 1 face value to its investors at the end of fiscal 2017-18. my sincere suggestion is dont get carried away with rumours like tcs will send u onsite within one year and also dont join here with a lesser package as you need to work for atleast 2 yrs back to back to get ur original 6.2.. trust me. Yeah sure we can easily shift but then we have to start in a brand new environment and make new relationships. Its a very Funny announcement. My case was due in June, 2009, when can we get an update on this from HR? He just quietly complained to the Delivery Manager who later told me about it and asked me to tone down. Can I stay after a H1B amendment denial with a valid I-94? He never relaliated because he knew I had nothing to lose. First of all it not only demotivates the employee but also the employee loses the morale. BUT if you caculate this, for a 2 years experienced person in TCS, the quarterly component is 1800 rupees. What TCS massive bonus shows: Software's T-Rex is facing the downside of size TCS announced a large bonus payout to its employees yesterday with its annual results, but the bonus is also indicative of the challenges it faces in managing a massive 3-lakh-plus workforce and size. I asked him to check his mail instead as he hadn’t seen my resignation yet. BRAVO! Onsite salary is same for last 4 years + no indian salary at that time. Below is the excerpt fromVP & Head of Global HR , TCS. Just got promotion to AST after a delay of 2 years and that too with a hike of Rs 100 Per Month in Basic salary. Final decision is yours. I am working for TCS for last 8.5 years and a meagure package of 7.6L PA. Was waiting for a promotion and market conditions for last 2 years before walking out. Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service, consulting and business solutions company headquartered in Mumbai, Maharashtra. So the only motivating factor is the salary and the VAs. I would describe these guys as parasites always sucking on others blood to lead a luxurious life with basic pays upto Rs6 lakhs a month. "Consolidated net profit for the fiscal under review (FY 2018) declined 1.8 per cent annually to Rs 25,826 crore from Rs 26,289 crore in fiscal 2016-17," it said in the filing. Hello Frustated TCSer.. :@ and John , Request not to comment about diploma holders and Graduates , at first place u should not join the company where diploma holders and Graduates are residing , as you are the Hi-tech people , so this is off the topic , in some of the projects dip and graduates are better than hitech guys . Many have done that and soon many more will follow suit. 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