Tata Consultancy Services (TCS) has said that it has no intention of laying off employees. This time also the company will give equal salary hike to the employees as before.
Layoff: The country’s largest IT company TCS (TCS) has set an example in the era of retrenchment of employees in IT companies around the world. Tata Consultancy Services (TCS) has said that it has no intention of laying off employees. A top company official says that at TCS we groom talent for a long career.
Will recruit employees who have lost their jobs
TCS Chief Human Resource Officer Milind Lakkad told PTI in an interview that the company is going to hire employees of startup companies who have lost their jobs. His statement has come at a time when big Information Technology (IT) companies around the world are showing the way out to the employees.
Lakkar said, we do not believe in retrenchment. We take forward the talents. He said that many companies have to take such a step because they hired more people than they wanted. And in this case, when an employee joins the ‘vigilant’ TCS, it is the responsibility of the company to make them ‘productive’.
Will get the same increment as before
Lakkar said that sometimes such a situation comes when the efficiency available with the employee is less than what we need. In such a situation, we give time to the employee and train him. The number of employees of TCS is more than 6 lakhs. Lakkar said that this time also the company will give salary hike to the employees equal to the previous years.