Get Ready to Return Office TCS Folks!!! Return-to-Office Programme for Employees.For the first quarter ending June 30, 2022, IT juggernaut TCS will gradually speed up its return to office initiative (Q1FY23). Currently, 20% of the company’s employees work from offices. According to the previous twelve months, the company’s attrition rate for IT services was 19.7% in the quarter under evaluation.
TCS reached a significant milestone when its employee number surpassed 6 lakh. TCS had 606,331 employees as of Q1FY23, which is a net increase of 14,136 over the previous quarter. With 153 different countries represented in the workforce and 35.5 percent of the base being women, it is still quite varied.
The Chief Operating Officer and Executive Director, N Ganapathy Subramaniam, commented on the quarterly results, saying, “We are delighted with our execution during the quarter wherein we successfully implemented many transformation programmes. We managed the talent turnover with the least amount of impact on our operations thanks to the investments we made in people, upskilling initiatives, and selective lateral recruiting, among other things.
We resumed in-person meetings during the quarter and welcomed a number of clients to our facilities. At all levels, we are steadily sending more of our workers back to our development centres, said Subramaniam.
Subramaniam added, “On the sustainability front, we have committed to SBTi version 5 standards during the quarter and are making significant progress towards our net-zero journey with excellent alignment to this project across our associates.”
TCS’s chief human resources officer, MilindLakkad, added that “our investment in strategic talent development initiatives and the connection of learning to career progression have galvanised our employees. Employees earned wage increases ranging from 5 to 8 percent following our annual review of remuneration, with top performers receiving even larger raises.
Costs related to TCS workers were $30,327 billion in Q1 FY23, up from $25,649 billion in the corresponding quarter previous year. TCS increased their net profit from $9,031 crore in the same quarter previous year to $9,519 crore in Q1FY23. However, Q1 PAT decreased from the previous quarter’s figure of 9,959 crore.
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