TCS also said it would give its employees pay increases of 6-10 per cent, a shade better than Bengaluru-based rival Infosys’ 6-9 per cent increase. Indias largest IT company, Tata Consultancy Services (TCS), on … Show us some love! TCS Q4 Results: Net Profit Jumps To 6,904 Crore Rupees, Approves 1:1 Bonus Share Issue. 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. what about the onsite chances , I have been offered in Hyderabad location.. actually ,I have 3.6 years of exp , i have just joined SYNTEL 2 months back with 6.2 packge and looking for HYD position . "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. Tata Consultancy Services, on Thursday, said it will pay its employees a one-time bonus to mark the 10th anniversary of the company’s Initial Public Offering (IPO). Company Name: Times Internet Limited Registered Office Address: 9-10,Bahardurshah Zafar Marg, New Delhi - 110002 Corporate Identity Number: U74999DL1999PLC135531 This is the country’s largest bonus issue in India. Top TCS Salaries - By Title . 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. First Babu’s appraise an employee with a opaque band of D and then organization axes them out. Source: PTI. I have never been happier in my 2 yrs career with this F******g company , i am so relived. Something is better than nothing….& 29 % zoom up in Net profit for Q2 results!!!! previously I was with Cognizant with packge of 4.2. Daily dose of IT ,Hardware , Cell phones and other technology. The TCS Board of Directors Board at its Meeting held on April 19, 2018 recommended Bonus Issue of Equity Shares in the ratio of 1 (One) Equity Share of Re.1/- each for every 1 (One) Equity Share of Re. Share: Updated: Apr 17, 2015, 18:30 PM IST. Bonus shares, in the long run would create enormous wealth for the investor. Yeah sure we can easily shift but then we have to start in a brand new environment and make new relationships. This 50% percent more means he gets 900 rupees extra for the quarter, or 300 per month. This comes after TCS on Thursday reported a 4.6% increase in consolidated net profit for the fourth quarter. 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. What will happen to my remaining 4 shares? 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. You know – the kind of guys who run around solving other people’s problems. 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 … One-Time Bonus Hits Q4 Profit TCS reported a 29 per cent fall in its net profit in the fourth quarter ended March 31, 2015, on a sequential basis. ”. Your email address will not be published. What was the designation you would have been promoted to? It used to be a sarkari Babu company and still the decision makes are babus. It is the world's largest IT services provider. You guys are wallowing in self-pity, you should come to where we sit and see how we do our jobs. Beware lateral hires and freshers. All the profit is because of the people who do all the work and it needs to transcend down when it comes to benefits. But I am not sure about the price. We don’t need advice from you. What You Get Bonus shares are shares given to existing stockholders in proportion to the number of shares they hold. Everything opaque with absolutley no transparency at any level. 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. Clarification on Odd Ratios. I wish ill luck to TCS if they don’t amend their ways of working. Seniors please throw some light on this. I took a brave decision, even though i had huge financial commitments because i dont want to loose my sanity. According to a report from TOI, the company has decided to put in Rs 2,628 crore just for this year's bonus pay outs. can anyone please explain me. Its a very Funny announcement. 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. Business | NDTV Profit Team | Friday April 20, 2018 . Appraisals are unfair and ridiculous. Hi All, I have one query regd the TCS 1:1 Bonus. 50% VA hike is just a sort of “soothing” cover on the wounds. 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. You guys are losers in denial. TCS … Management is full of muddlehead people. As of now I dont see any benefit (for employees) working in this company. Everything opaque with absolutley no transparency at any level. Type of Dividend. This is the worst HR practice i have ever seen in corporate. Actual Payment Date. Save my name, email, and website in this browser for the next time I comment. This shows how much he respects the employees and cares about the employees. Revenue for FY 2018 grew 4.4 per cent to Rs 1,23,104 crore from Rs 117.966 crore in FY 2017. One rarely comes across news about bonus payouts by big companies but it seems TCS is very happy with its employees. TCS hopes bonus payout will help contain high attrition. Hi All If you had happened to read the transcript of the message from Chandra (new CEO) you will notice that he has nothing to say for employees. Final decision is yours. Blood suckers ! He forgets he is also an employee of TCS. @ratnakar…. One-time Bonus for employees worth Rs 2628 crore ($423 million) MUMBAI April 16, 2015: Tata Consultancy Services, (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced today that it will pay employees a Special Reward or one-time bonus to mark the 10 th anniversary of the company’s initial public offering in 2004. Onsite salary is same for last 4 years + no indian salary at that time. If you look back, many companies have announced issues of bonus shares to their shareholders by capitalizing their free reserves . Tata Consultancy Services on Thursday said it will give one-time bonus to all eligible employees to mark the 10th anniversary of its IPO. 1/- each held by the shareholders of the Company as on the record date, subject to the approval of the shareholders. Dont recommend to join this company. This is basically a 1% hike where as infy got a 8% hike. 150% one time va payement comes to approx Rs 3k for upto 5 years exp professionals in TCS, and thats the majority of the employees. Any updates on this years promotion due. I have performed well – I am ACTUALLY – actually in Internal IT support. 469k members in the india community. i mean i get optimistic very easily and i am thinking …like hmmm…this may benefit all of us who have literaaly slogged like anything for peanuts…!!! I asked him to check his mail instead as he hadn’t seen my resignation yet. 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. Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service, consulting and business solutions company headquartered in Mumbai, Maharashtra. Just dont refer this company even in your dreams to your enemies . And I am holding 100 TCS shares, for 96 shares I will get 12 bonus shares. This could be a way the company is trying to mend way with its employees and probably a Gift from the new CEO N Chandrasekharan. So TCS gets a profit increase of 29% over last year, and the employees get a salary hike of 1% over last year, and that two the employee base has not even increased so there is no justification for this huge disparity in the profit hike and salary hike. Now I am out of T CS and so far I have been enjoying every bit of it. Bonus Summary The last bonus that Tata Consultancy Services had announced was in 2018 in the ratio of 1:1. This only sounds to me like dropping Rs. I have a concern for the TCS bonus issue and dividend. Its brand value has grown 14% from $9 billion in 2017, placing it among the top three IT services companies globally. return to index. Samsung Corby S3653 Full Touch Screen Phone review, Chennai MTC Bus routes, timings , AC Bus timings and…, Difference between Pulsar 220 DTS Fi vs Pulsar 220…, TCS Bangalore employee Sudarshan Commits suicide, TCS to change Promotion eligibility criteria from 2009-10, Wipro conducts annual Technical tests for its employees, TCS asks employees who got continous 2 ratings or…, Cognizant facing higher Visa Denials for Computer…, Performance evaluation drama peaks at TCS (TATA…, TCS sues employees quitting on deputation, H1B 2018 – Approval and RFE breakup for WAC181955 – June 7 2018 cases, H1B 2018 – Approval and RFE breakup for WAC181915 – May 29 2018 cases, Analysis of H1B cases filed on June 13 ,14 2018 – WAC182005*** Series, HPE ProLiant Rack Server DL380 G9 2U Review. 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. The scrip touched a high of Rs 3,215 and a low of Rs 3,166.30 in intra-trading sessions during the day. Dividend Amount per share (INR) * Record Date. In 2015, TCS was ranked 64th overall in the Forbes World's Most Innovative Companies ranking, making it both the highest-ranked IT services company and the top Indian company. We may crib, but we don’t do it out here. 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. 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. This is applicable only for this quarter and not future VA components. 50% sounds like a lot. 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. 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”. TCShad allotted 1:1 bonus shares in 2006 and 2009. I repent , just work in this concern for 1 yr you probably become a maniac , or they will make you insane . Will there be any decrease in that? Hence instead of giving 1.5 times VA the company shud have gone for giving a salary hike. TCS is a big time sucker. I have heard that some pay hike is on the cards and team ultimatix is working on it. TCS has been in the news for All bad reasons recently, for a change today the TCS Management has announced 50% increase in VA Quarterly component for the just concluded quarter. 1 coin put into begger’s plate with loud noise. Thanks. And to mention, I have advised many not to join TCS and will continue to do so. I joined the company two years ago. (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. 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. Any news about VA increase for the newly promoted ITAs ? The share has been quoting ex-bonus from May 31, 2018. 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). Read more about TCS hits record high after fixing record date for 1:1 bonus issue on Business Standard. These limits may change over time. This news is not confirmed and I would request all fellow TCS’ers here and Admin to check and post here. "Rs 26,800 crore of cash has been returned to shareholders in dividends and buyback during the fiscal," added the company in the filing. It is a subsidiary of the Tata Group and is listed on the Bombay Stock Exchange and the National Stock Exchange of India. 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. 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. "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. All the best dear:). and obviously he makes a good point, TCS bar will be pretty low if they have to recruite Diploma candidates when few years back they use to take only B.E/BTEch with consistent >70% academic record, TCS again makes a fool of everybody and does a whitewash of the media. Support our journalism by becoming a TNM Member - Click here. First of all it not only demotivates the employee but also the employee loses the morale. Onsite salary is same for last 4 years + no indian salary at that time. Below is the excerpt fromVP & Head of Global HR , TCS. I told him it is obivious if someone has worked on a technology for 4 yrs and all of a sudden if he is (forcibly) made to change the technology the output will not be the same as before. Dont recommend to join this company. 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. Tata consultancy services is now placed among the most valuable IT services brands worldwide. I bought TCS shares on 17th(settled). TCS operates in 46 countries. 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 the company's biggest stock exchange in 2004. May be i can get many jobs , but if i loose my brain i dont think i can get it back ……………………. There was one question why there has been nothing mentioned for employees and his response was I have it my last statement that we will make TCS a joy for all stakeholders (thats it). Can I stay after a H1B amendment denial with a valid I-94? Hi All, I got an offer from TCS , with ASE as designation and C1 Grade. Also the AM is threatening if u will not perform well i ll reduce ur rating. And, I am quite certain that I am NOT the only one doing so. I had enough just wanted to give myself a break and ive quit the Organisation. 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. Fiscal Year. Today, I have come back to update all of you with this piece of information that I quit TCS on the 27th day after my promotion was officially denied – of course with a much better offer from a good company. When it comes to employee’s growth, if you dont have Godfather, you will be just one member among the herd of thousands and thousands of fellow employees who wander in darkness and wilderness with no light in sight. 3) From August 25, 2004 till now, TCS has issued bonus shares twice in the ratio of 1:1 (one bonus share for every share held). Final decision is yours. Unlike any other industry the S/W industries major expense is people and nothing else. Well said John, u are right and the same set of calculations was running in my mind too.. ramadorai and chandra took hike in their packages in terms of crores, and see the way they have projected “+50%” in Variable component to its employes. Cognizant facing higher Visa Denials for Computer System Analyst roles, Computer Programmer H1B role and Probability of H1B approval in 2018, Intel and several other processors affected by Memory leak bug, Trump administration proposing to end H1B extensions, Trump and conservatives are advocating socialism, minimum wage for USA. Management continues to sell the same shit to media and employees. The brand value of IBMand Accenturestood at $20 billion and $17 billion. Bonus pay at TCS America ranges from $2,550 to $12,000 annually among employees who report receiving a bonus. The country's No. Like Kumar rightly said, you will have to work for 2 years, even at more than 10 hours a day at times, still no good reason for bad appraisal to reach the level of 6.2L. Those who touted about job security in TCS, it can be seen that in recession times, randomly people were picked and forced to resign. The Official Subreddit for India Required fields are marked *, Notify me of followup comments via e-mail. Thats the best decision By the what the fish is VA ” Variable allowances ” . Appraisals are unfair and ridiculous. I agre to the above answer by ” You probably joined tcs long time ……. 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. Definition: Bonus shares are additional shares given to the current shareholders without any additional cost, based upon the number of shares that a shareholder owns. And coming to TCS VA , we dont have any thing to cheer up and happy about the VA news , as this is part of our salary , there are 100’s of people still not promoted since 2008 by short fall of 1 or 2 days as per the new criteria , ad no news on 2009 promotions . The … TCS America pays an average of $5,169 in annual employee bonuses. 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. 🙂. TSR Darshaw says the dividend date is 01.07.09 and about the bonus issue it states ----Post Issue details a. My total exp is 4 yrs and now all of a sudden the RMG forcibly made to join a project which is totally a different technology. TCS has been in the news for All bad reasons recently, for a change today the TCS Management has announced 50% increase in VA Quarterly component for the just concluded quarter. But I had already made up my mind so my answer was a straight faced ‘NO’. TCS has been returning cash to shareholders consistently from the time of listing, through interim dividends every quarter, final dividends at the year-end and an occasional special dividend. BUT if you caculate this, for a 2 years experienced person in TCS, the quarterly component is 1800 rupees. my understanding is for every share of TCS held by me, i will be getting one more TCS share. Quarter. The bonus shares … probably sitting around sending emails and getting a fat salary for it. The reason for pay hike could be the fact that the industry has started hiring and many people from TCS are looking for better and brighter options outside. TCS is offering me 5.5 based on my Cogni Salary. If yes, may I know by when will it be delivered.? Their only aim is to earn revenues for themselves and the company (as it is related). Secondly it affects the promotion. For the year ending March 2020 Tata Consultancy Services has declared an equity dividend of 7300.00% amounting to Rs 73 per share. He never relaliated because he knew I had nothing to lose. Consolidated revenue for Q4 grew 8.2 per cent to Rs 32,075 crore from Rs 29,642 crore in same period year ago and 3.8 per cent sequentially from Rs 30,075 crore quarter ago. 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. VA is not deterministic but Salary is atleast fixed. I joined TCS 2 yrs back and got a consistent rating of 4.