TCS, along with other IT firms like Infosys and Wipro, is gradually transitioning its employees back to the office. This move marks a shift from remote work arrangements towards returning to in-person work settings.
Tata Consultancy Services (TCS) has set a deadline for its employees to return to the office by the end of March. Failure to comply with this directive may result in consequences for the employees, as per reports.
The directive from TCS follows a recent report associating salary hikes and variable payouts with adherence to the return-to-office policy.
TCS, along with other IT firms like Infosys and Wipro, is gradually recalling its employees to the office. According to an ET report citing TCS COO NG Subramaniam, employees have received a final communication regarding this directive. Failure to comply may result in consequences for the employees.
The firm expressed concerns that remote work made both employees and employers vulnerable. During the December quarter earnings announcement on January 11, TCS stated that 65% of its workforce had been attending the office up to three days a week.
TCS experienced a net decrease in headcount by 5,680 during the third quarter of FY24, consistent with the company’s previous statements anticipating further reduction in headcount.
In Q3, Infosys reported a loss of 6,101 employees, marking its fourth consecutive quarter of declining headcount. Similarly, TCS also experienced a decline in headcount for the second consecutive quarter, with a loss of 6,333 employees in Q2 and 5,680 employees in Q3.
As of December 31, the company’s total employee base stands at 603,305. TCS has also observed a decrease in its attrition rate, which now stands at 13.3%, down from 14.9% in Q2.
Regarding attrition, Subramaniam stated to ET that remote working alone cannot facilitate the development of a strong organizational culture.
