Know how TCS plans to up its employees’ efficiency
Advertisement
In a bid to exploit efficiency, Tata Consultancy Services (TCS ) has decided to reduce the time that each employee spends on one project. As per an Economic Times report, the company has made this move to bring down its attrition rate that at present is at an eight-quarter high.
TCS global HR, Ajoy Mukerjee says, "Mobility is important and time factor needs to be reviewed. Rotation (between) roles probably needs to happen a bit faster because this generation wants everything fast. Although nothing is defined, depending on the ability of roles, it needs to be faster than 1.5-2 years."
By reducing the time on a single project to about one year, TCS will become the most flexible organization in the industry. Since large employers like TCS are not able to provide benefits like alteration in salary structure, quick project transition, postings at home and international to its employees, this affects employees’ loyalty towards the firm.
Even analysts have admitted the fact that being unable to get off a project may lead people to leave the firm. A Mumbai-based analyst, on condition of anonymity said, "It could help lower attrition since being unable to get off a project does cause people to leave. But if they bring down minimum time spent on a project too much, it could upset clients, who typically prefer the people on their projects to stay for a while."
Another analystGirish Pai who is associated with Nirmal Bang, said, "In the employee pyramid, there was strong attrition in the range of 3-6 years.”
Advertisement
The company, reportedly, clocked a 15.9% attrition rate in the quarter that ended last month.TCS global HR, Ajoy Mukerjee says, "Mobility is important and time factor needs to be reviewed. Rotation (between) roles probably needs to happen a bit faster because this generation wants everything fast. Although nothing is defined, depending on the ability of roles, it needs to be faster than 1.5-2 years."
By reducing the time on a single project to about one year, TCS will become the most flexible organization in the industry. Since large employers like TCS are not able to provide benefits like alteration in salary structure, quick project transition, postings at home and international to its employees, this affects employees’ loyalty towards the firm.
Even analysts have admitted the fact that being unable to get off a project may lead people to leave the firm. A Mumbai-based analyst, on condition of anonymity said, "It could help lower attrition since being unable to get off a project does cause people to leave. But if they bring down minimum time spent on a project too much, it could upset clients, who typically prefer the people on their projects to stay for a while."
Another analyst
Advertisement
Advertisement
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- A 101-year-old woman keeps getting mistaken for a baby on flights and says it's because American Airlines' booking system can't handle her age
- The Role of AI in Journalism
- 10 incredible Indian destinations for family summer holidays in 2024
- 7 scenic Indian villages perfect for May escapes
- Paneer snacks you can prepare in 30 minutes
- Markets crash: Investors' wealth erodes by ₹2.25 lakh crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market