Human Resources

Toggle

Article

TCS makes 10-year anniversary bonus payment

Indian firm TCS hands out bonuses worth $423 million

HR Masterclass Series: High-level HR strategy training workshops
with topics ranging from Analytics, to HR Business Partnering, Coaching, Leadership, Agile Talent and more.
Review the 2019 masterclasses here »

To mark the 10th anniversary of its IPO in 2004, Tata Consultancy Services (TCS) announced a one-time bonus for employees worth Rs 2,628 crores, or $423 million.

The reward is applicable to all employees globally who have completed at least one year of service. They will receive a bonus payment equivalent to one week’s salary for every year of service completed at TCS.

N Chandrasekaran, CEO and MD of TCS, said: “Today, we act as a strategic partner to many global customers and TCSers are well-known for their ability to execute, innovate and provide leadership in the customer’s context.”

ALSO READ: Tech giants woo new mothers through enhanced maternity leave policies

“This special reward to employees acknowledges the role they have played in building TCS into one of the most respected and valued technology services companies in the world.”

TCS went public in August 2004 listing its shares on the Bombay Stock Exchange and the National Stock Exchange, and has since gained the highest market capitalisation in the Indian stock market.

HR Masterclass Series: High-level HR strategy training workshops
with topics ranging from Analytics, to HR Business Partnering, Coaching, Leadership, Agile Talent and more.
Review the 2019 masterclasses here »

Read More News

Trending

Leave a Reply

You must be logged in to post a comment.