Source: PTI. And to mention, I have advised many not to join TCS and will continue to do so. What was the designation you would have been promoted to? I am getting very less paid then my previous company now, when i joined , they gave me a good pay , good hike, and took everything away. Top TCS Salaries - By Title . Considering the performance of the company in this quarter, I am pleased to announce the management decision to pay 1.5 times of the quarterly component of the variable pay for the quarter ended 30 September, 2009, applicable for eligible employees on India payroll. As of now I dont see any benefit (for employees) working in this company. Will there be any decrease in that? Let them not suffer , I almost got heavy mental pressure , thyriod , high BP and what not . Bravo man! The Official Subreddit for India The bonus shares … The scrip touched a high of Rs 3,215 and a low of Rs 3,166.30 in intra-trading sessions during the day. Dont recommend to join this company. BRAVO! Guys, in one of the many promotion related posts on Dexternights, I had commented that if I am denied my well-deserved promotion without any logical reason, I’ll quit TCS in 90 days’ time irrespective of whether I get another job or not. If yes, may I know by when will it be delivered.? This comes after TCS on Thursday reported a 4.6% increase in consolidated net profit for the fourth quarter (Q4) annually but declined 1.8 per cent yearly for fiscal 2017-18 in rupee terms. return to index. It is the world's largest IT services provider. Those who touted about job security in TCS, it can be seen that in recession times, randomly people were picked and forced to resign. For the year ending March 2020 Tata Consultancy Services has declared an equity dividend of 7300.00% amounting to Rs 73 per share. Everything opaque with absolutley no transparency at any level. One rarely comes across news about bonus payouts by big companies but it seems TCS is very happy with its employees. TCS has also announced 1:1 bonus of shares and a dividend of Rs 29 per share. Final decision is yours. The country's No. First Babu’s appraise an employee with a opaque band of D and then organization axes them out. Seriously before the next time he posts his speech he needs to review it once to make sure he is not insulting the strength of any software company. This means that the total payout to shareholders will now be Rs 50 for the year. Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service, consulting and business solutions company headquartered in Mumbai, Maharashtra. 1 IT company Tata Consultancy Services(TCS) has announced that it will give its employees a one-time bonus of Rs 2,628 crore to mark the 10th anniversary of the company's listing on India's biggest stock exchange in 2004. I have performed well – I am ACTUALLY – actually in Internal IT support. Any updates on this years promotion due. Do you join the company blindfolded? The company's blue-chip scrip of Re 1 face value gained Rs 31.15 to end at Rs 3,190.65 per share on the BSE on Thursday from Wednesday's closing price of Rs3,159.50 and opening price of Rs 3,175. You know – the kind of guys who run around solving other people’s problems. "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. Well,Memory seems to be shortlived.They had cut few months back.All decisions are being taken with the “Employee base cost” kept in mind,Do not be taken by “bonus”. Many have done that and soon many more will follow suit. If you look back, many companies have announced issues of bonus shares to their shareholders by capitalizing their free reserves . Country's largest software exporter TCS on Friday said it hopes the Rs 2,628-crore bonus to its lakhs of employees will help contain the high attrition level. Most of the employees are expected to receive the increased VA in october salary, this will  give a minimum bonus of Rs 4000 and upwards . 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 . It’s like master throwing breads at his dogs. The stock hit record high of Rs 3,585, up 2.4% after the company has fixed June 2, 2018 as the record date for determining the entitlement of members to receive bonus … Got onsite opportunities when I did not want to go and when I was desparate to go, did not get opportunities. They are actually fooling everyone by saying 50% extra. Am I eligible for the dividend and bonus issue. 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). The brand value of IBMand Accenturestood at $20 billion and $17 billion. May be i can get many jobs , but if i loose my brain i dont think i can get it back ……………………. In a regulatory filing on the BSE, the IT major said net profit for Q4 at Rs 6,925 crore was up 4.6 per cent from Rs 6,622 crore in the same period year ago and up 5.8 per cent sequentially from Rs 6,545 crore quarter ago. Seniors please throw some light on this. Final decision is yours. 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. I bought TCS shares on 17th(settled). Even if you get onsite after an year, you never know when you will be sent back because management decisions come on a fly to cut 20% workforce from onsite and sent back. Onsite salary is same for last 4 years + no indian salary at that time. 59 votes, 27 comments. can anyone please explain me. The stock of Tata Consultancy Services has surged as much as 603% to Rs 2,849.35 from a share price level of Rs 405.23 (bonus-adjusted prices) as on 31 March 2008. I’m searching for a job outside for betterment of my future. From my point of view this company TCS is no good. No need to be so happy, as all of the employees were expecting a salary hike not a 50% more of the VA. As Infy has declared 8% hike in the salary of the employees, we were expecting not 8% but atleast 5%. This only sounds to me like dropping Rs. Appraisals are unfair and ridiculous. The company also declared total dividend of Rs 50 per share, including Rs 29 per share final dividend and Rs 21 interim dividend for the fiscal under review (FY 2018), which translates into a record 5,000 per cent per annum. If you dont have an alternate offer then come and experience the Certainty (of bad to worse, worse to worst employee benefits) if you have an alternate offer consider that or else you will repent for the lost years that you worked with this company. Required fields are marked *, Notify me of followup comments via e-mail. Congratulations and thanks to all of you for your tremendous effort. : Apr 17, 2015, 18:30 PM IST that the total payout shareholders! Team | Friday April 20, 2018 $ 9 billion in 2017, placing it the... 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