TCS calls senior exectives back to office, other teams to return to office in phased manner

Most tech companies are opening offices after shutting them due to the COVID-19 pandemic. Joining the list is one of the biggest IT companies in the country TCS (Tata Consultancy Services). TCS has been calling senior-level employees back to office since last quarter. Now, other teams are said to return to work in a phased manner. When? That the company hasn't clearly mentioned yet. Notably, the IT company, since the start of the pandemic, has been allowing its employees to work from home all this while.

It should be noted that senior-level employees have been working from office for a while now (last quarter), while others are still working from home. During the recent Q1 FY'23 press conference, Rajesh Gopinathan, CEO and MD, TCS said, "on an immediate basis, we'll continue to drive the return to office mode because as you have said the 25 by 25 plan needs to be executed in a more controlled manner and it needs to be you know so the path to that will first involve getting back to a more normal working environment and then getting back getting to the permanent hybrid environment."

"This 20 per cent we'll keep on subject to of course anything else, but we will keep on driving that 20% back to our regular ones definitely well above 50-60, 70-80-mark kind of as we go forward. We should see steady progress on it every month from now on," he further added.

As per media reports, the company is planning to call back employees to office in a phased manner since over 95 per cent of employees are partially vaccinated and more than 70 per cent are fully vaccinated. Some reports suggest that the company currently has around 20 to 25 per cent employees back to office.

In other news, TCS recently refuted reports of cutting variable pay for some employees. The IT company has confirmed that it will pay 100 per cent variable pay to all its 6 lakh+ employees. Meanwhile, Infosys and Wipro have announced cutting some part of the variable pay blaming operating margin pressure.

Wipro recently announced to hold back variable pay for its mid and senior-level employees. For fresher and junior-level staff, the IT company will offer variable pay after 30 per cent cut.

Wipro's decision to hold back variable pay came after teams failed to achieve their assigned target. In an email sent to employees, the company email noted that the Q1 margins were lower at 15 per cent due to inefficiency in talent supply chains, project margins, and investments in talent technology and solutions. "Given our underperformance on margins this quarter, our variable pay (including sales incentives) takes a hit," the company noted in the email.