also can my salary be negotiated , iam ready to join if hey offer me the same i.e 6.2, i work @ tcs since 4 yrs.. even with a visa i am struggling to get onsite here due to politics. my sincere suggestion is dont get carried away with rumours like tcs will send u onsite within one year and also dont join here with a lesser package as you need to work for atleast 2 yrs back to back to get ur original 6.2.. trust me. "Rs 26,800 crore of cash has been returned to shareholders in dividends and buyback during the fiscal," added the company in the filing. I am working for TCS for last 8.5 years and a meagure package of 7.6L PA. Was waiting for a promotion and market conditions for last 2 years before walking out. 1 IT company Tata Consultancy Services(TCS) has announced that it will give its employees a one-time bonus of Rs 2,628 crore to mark the 10th anniversary of the company's listing on India's biggest stock exchange in 2004. So TCS gets a profit increase of 29% over last year, and the employees get a salary hike of 1% over last year, and that two the employee base has not even increased so there is no justification for this huge disparity in the profit hike and salary hike. I have performed well – I am ACTUALLY – actually in Internal IT support. TCS is offering me 5.5 based on my Cogni Salary. and obviously he makes a good point, TCS bar will be pretty low if they have to recruite Diploma candidates when few years back they use to take only B.E/BTEch with consistent >70% academic record, TCS again makes a fool of everybody and does a whitewash of the media. Appraisals are unfair and ridiculous. It is a sign that companies are increasing their profitability. Everything opaque with absolutley no transparency at any level. This is the countryâs largest bonus issue in India. Save my name, email, and website in this browser for the next time I comment. Let them not suffer , I almost got heavy mental pressure , thyriod , high BP and what not . I wish ill luck to TCS if they don’t amend their ways of working. This could be a way the company is trying to mend way with its employees and probably a Gift from the new CEO N Chandrasekharan. Hi All, I got an offer from TCS , with ASE as designation and C1 Grade. The bonus shares ⦠Note that a level 1 Microsoft Rewards member may only give or receive 1,000 points per calendar month. Any updates on this years promotion due. Company Name: Times Internet Limited Registered Office Address: 9-10,Bahardurshah Zafar Marg, New Delhi - 110002 Corporate Identity Number: U74999DL1999PLC135531 The company's blue-chip scrip of Re 1 face value gained Rs 31.15 to end at Rs 3,190.65 per share on the BSE on Thursday from Wednesday's closing price of Rs3,159.50 and opening price of Rs 3,175. You guys are losers in denial. ”. This is the worst HR practice i have ever seen in corporate. The TCS Board of Directors Board at its Meeting held on April 19, 2018 recommended Bonus Issue of Equity Shares in the ratio of 1 (One) Equity Share of Re.1/- each for every 1 (One) Equity Share of Re. I have heard that some pay hike is on the cards and team ultimatix is working on it. He never relaliated because he knew I had nothing to lose. I have a concern for the TCS bonus issue and dividend. And to mention, I have advised many not to join TCS and will continue to do so. Management continues to sell the same shit to media and employees. Everything opaque with absolutley no transparency at any level. And coming to TCS VA , we dont have any thing to cheer up and happy about the VA news , as this is part of our salary , there are 100’s of people still not promoted since 2008 by short fall of 1 or 2 days as per the new criteria , ad no news on 2009 promotions . Tata consultancy services is now placed among the most valuable IT services brands worldwide. And I am holding 100 TCS shares, for 96 shares I will get 12 bonus shares. TSR Darshaw says the dividend date is 01.07.09 and about the bonus issue it states ----Post Issue details a. This is basically a 1% hike where as infy got a 8% hike. Under the International Financial Reporting Standards (IFRS), net income for Q4 grew 7.9 per cent annually to $1,070 million from $992 million in the like period year ago and 5.7 per cent sequentially from $1,012 million quarter ago. Now I am out of T CS and so far I have been enjoying every bit of it. Daily dose of IT ,Hardware , Cell phones and other technology. This shows how much he respects the employees and cares about the employees. Company Name: Times Internet Limited Registered Office Address: 9-10,Bahardurshah Zafar Marg, New Delhi - 110002 Corporate Identity Number: U74999DL1999PLC135531 Something is better than nothing….& 29 % zoom up in Net profit for Q2 results!!!! The scrip touched a high of Rs 3,215 and a low of Rs 3,166.30 in intra-trading sessions during the day. Yeah sure we can easily shift but then we have to start in a brand new environment and make new relationships. Anyone who has got a rating of 2 in his/her career and does not perform private chores of his senior mgmt is unfir to be promoted.Thats the real Tata Gem company’s policy for y. TCS is left with bunch of jokers and bloody hypocrites. Tata Consultancy Services on Thursday said it will give one-time bonus to all eligible employees to mark the 10th anniversary of its IPO. This is applicable only for this quarter and not future VA components. Type of Dividend. Actual Payment Date. just because you probably joined a long time back and got automatically promoted and you probably don’t deserve. Indias largest IT company, Tata Consultancy Services (TCS), on ⦠In a regulatory filing on the BSE, the IT major said net profit for Q4 at Rs 6,925 crore was up 4.6 per cent from Rs 6,622 crore in the same period year ago and up 5.8 per cent sequentially from Rs 6,545 crore quarter ago. TCS also said it would give its employees pay increases of 6-10 per cent, a shade better than Bengaluru-based rival Infosysâ 6-9 per cent increase. Management is full of muddlehead people. May be i can get many jobs , but if i loose my brain i dont think i can get it back ……………………. This 50% percent more means he gets 900 rupees extra for the quarter, or 300 per month. Do you join the company blindfolded? When it comes to employeeâs growth, if you dont have Godfather, you will be just one member among the herd of thousands and thousands of fellow employees who wander in darkness and wilderness with no light in sight. Read more about TCS hits record high after fixing record date for 1:1 bonus issue on Business Standard. Source: PTI. First Babu’s appraise an employee with a opaque band of D and then organization axes them out. If yes, may I know by when will it be delivered.? It’s like master throwing breads at his dogs. Revenue for FY 2018 grew 4.4 per cent to Rs 1,23,104 crore from Rs 117.966 crore in FY 2017. Until, that stays the same, nothing is going to change. Will there be any decrease in that? Any news about VA increase for the newly promoted ITAs ? Got onsite opportunities when I did not want to go and when I was desparate to go, did not get opportunities. All the profit is because of the people who do all the work and it needs to transcend down when it comes to benefits. It is the world's largest IT services provider. For the year ending March 2020 Tata Consultancy Services has declared an equity dividend of 7300.00% amounting to Rs 73 per share. Got onsite opportunities when I did not want to go and when I was desparate to go, did not get opportunities. Final decision is yours. I joined the company two years ago. TCS is the second largest Indian company by market capitalisation. I repent , just work in this concern for 1 yr you probably become a maniac , or they will make you insane . The reason for pay hike could be the fact that the industry has started hiring and many people from TCS are looking for better and brighter options outside. What was the designation you would have been promoted to? probably sitting around sending emails and getting a fat salary for it. how many years of experience and which TCS branch? I had enough just wanted to give myself a break and ive quit the Organisation. my understanding is for every share of TCS held by me, i will be getting one more TCS share. 3) From August 25, 2004 till now, TCS has issued bonus shares twice in the ratio of 1:1 (one bonus share for every share held). Am I eligible for the dividend and bonus issue. If you cannot accept the performance linked VA, and understand that performance is the basis for your pay, you’d better join the government or start your own paan-beedi shop (paan-beedi – you may not do well either – because if your performance here is worthy only of 2, at least you get a basic salary – paan-beedi shop doesn’t guarantee that). 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There was one question why there has been nothing mentioned for employees and his response was I have it my last statement that we will make TCS a joy for all stakeholders (thats it). Seriously before the next time he posts his speech he needs to review it once to make sure he is not insulting the strength of any software company. point is if TCS continues like this they will have to keep lowering the bar on recruits. This news is not confirmed and I would request all fellow TCS’ers here and Admin to check and post here. Written by Corporate Bureau | Mumbai | Updated: Apr 21 2009, 07:22am hrs. Say for Example, TCS issues bonus shares in the ratio of 1:8 (1 bonus share for every 8 shares held). BUT if you caculate this, for a 2 years experienced person in TCS, the quarterly component is 1800 rupees. I joined TCS 2 yrs back and got a consistent rating of 4. Seniors please throw some light on this. Thanks. I took a brave decision, even though i had huge financial commitments because i dont want to loose my sanity. Country's largest software exporter TCS on Friday said it hopes the Rs 2,628-crore bonus to its lakhs of employees will help contain the high attrition level. As of now I dont see any benefit (for employees) working in this company. TCShad allotted 1:1 bonus shares in 2006 and 2009. Share: Updated: Apr 17, 2015, 18:30 PM IST. Onsite salary is same for last 4 years + no indian salary at that time. I agre to the above answer by ” You probably joined tcs long time ……. Below is the excerpt fromVP & Head of Global HR , TCS. When it comes to employee’s growth, if you dont have Godfather, you will be just one member among the herd of thousands and thousands of fellow employees who wander in darkness and wilderness with no light in sight. Management is full of muddlehead people. Its funny a 2007 ITA promoted assosciate almost earns double that of 2009 promoted ITA!! TCS has announced that it will give its employees a one-time bonus of Rs 2,628 crore to mark the 10th anniversary of the companyâs listing on the company's biggest stock exchange in 2004. The company also declared total dividend of Rs 50 per share, including Rs 29 per share final dividend and Rs 21 interim dividend for the fiscal under review (FY 2018), which translates into a record 5,000 per cent per annum. It used to be a sarkari Babu company and still the decision makes are babus. Bonus pay at TCS America ranges from $2,550 to $12,000 annually among employees who report receiving a bonus. Dont recommend to join this company. Hello Frustated TCSer.. :@ and John , Request not to comment about diploma holders and Graduates , at first place u should not join the company where diploma holders and Graduates are residing , as you are the Hi-tech people , so this is off the topic , in some of the projects dip and graduates are better than hitech guys . For the fiscal under review, net income under IFRS grew 2.3 per cent YoY to $4,005 million from $3,917 million in FY 2017. We may crib, but we don’t do it out here. Bonus shares, in the long run would create enormous wealth for the investor. What TCS massive bonus shows: Software's T-Rex is facing the downside of size TCS announced a large bonus payout to its employees yesterday with its annual results, but the bonus is also indicative of the challenges it faces in managing a massive 3-lakh-plus workforce and size. TCS hopes bonus payout will help contain high attrition. These limits may change over time. TCS has been returning cash to shareholders consistently from the time of listing, through interim dividends every quarter, final dividends at the year-end and an occasional special dividend. And, I am quite certain that I am NOT the only one doing so. TCS to give employees one-time bonus of Rs 2,628cr. 1 coin put into begger’s plate with loud noise. what about the onsite chances , I have been offered in Hyderabad location.. actually ,I have 3.6 years of exp , i have just joined SYNTEL 2 months back with 6.2 packge and looking for HYD position . Just got promotion to AST after a delay of 2 years and that too with a hike of Rs 100 Per Month in Basic salary. Guys, in one of the many promotion related posts on Dexternights, I had commented that if I am denied my well-deserved promotion without any logical reason, I’ll quit TCS in 90 days’ time irrespective of whether I get another job or not. Beware lateral hires and freshers. The stock of Tata Consultancy Services has surged as much as 603% to Rs 2,849.35 from a share price level of Rs 405.23 (bonus-adjusted prices) as on 31 March 2008. So the media goes gaga over 150% and the employee gets just Rs 3k as a one time payment. TCS has been in the news for All bad reasons recently, for a change today the TCS Management has announced 50% increase in VA Quarterly component for the just concluded quarter. He forgets he is also an employee of TCS. Most of the employees are expected to receive the increased VA in october salary, this will give a minimum bonus of Rs 4000 and upwards . 50% sounds like a lot. The new insurance plan for Expats in US is an insult to all employees who have any kind of self-respect (I will write in detail about that later). 469k members in the india community. @ratnakarâ¦. The country's No. What does this mean? Related News 1/- each held by the shareholders of the Company as on the record date, subject to the approval of the shareholders. One-Time Bonus Hits Q4 Profit TCS reported a 29 per cent fall in its net profit in the fourth quarter ended March 31, 2015, on a sequential basis. Its brand value has grown 14% from $9 billion in 2017, placing it among the top three IT services companies globally. I told him it is obivious if someone has worked on a technology for 4 yrs and all of a sudden if he is (forcibly) made to change the technology the output will not be the same as before. Bonus Summary The last bonus that Tata Consultancy Services had announced was in 2018 in the ratio of 1:1. FYI. From my point of view this company TCS is no good. Consolidated revenue for Q4 grew 8.2 per cent to Rs 32,075 crore from Rs 29,642 crore in same period year ago and 3.8 per cent sequentially from Rs 30,075 crore quarter ago. This comes after TCS on Thursday reported a 4.6% increase in consolidated net profit for the fourth quarter. These are company's accumulated earnings which are not given out in the form of dividends, but are converted into free shares. While level 2 members may give or receive 5,000 points per calendar month. All the best dear:). Just dont refer this company even in your dreams to your enemies . No need to be so happy, as all of the employees were expecting a salary hike not a 50% more of the VA. As Infy has declared 8% hike in the salary of the employees, we were expecting not 8% but atleast 5%. Top TCS Salaries - By Title . Business | NDTV Profit Team | Friday April 20, 2018 . Hence instead of giving 1.5 times VA the company shud have gone for giving a salary hike. Tata Consultancy Services (TCS) on Thursday announced 1:1 bonus shares of Re 1 face value to its investors at the end of fiscal 2017-18. TCS was the first one to increase working hours to 9 hours in name of poor exchange rates and poor reallization. It is a subsidiary of the Tata Group and is listed on the Bombay Stock Exchange and the National Stock Exchange of India. Their only aim is to earn revenues for themselves and the company (as it is related). & 29 % zoom up in Net profit Jumps to 6,904 crore rupees, 1:1! 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Hike where as infy got a consistent rating of 4 the quarter, or they will have to start a... Their profitability understanding is for every share of TCS a TNM member Click! Forgets he is also an employee with a opaque band of D and organization. Babu ’ s plate with loud noise hike is just a sort of “ soothing ” cover on the date. Bonus pay at TCS America pays an average of $ 5,169 in annual employee how many times tcs give bonus share my sanity of Accenturestood! At $ 20 billion and $ 17 billion TNM member - Click here ( INR ) * date., but if I loose my brain I dont see any benefit ( for employees working... Run around solving other people ’ s problems 1:8 ( 1 bonus for... On 17th ( settled ) amend their ways of working follow suit promoted to other people ’ s.! For giving a salary hike up 7 % ; to give 1:1 bonus issue in India almost got mental! Not want to go and when I was with Cognizant with packge of 4.2 wallowing! Of now I am not the only motivating factor is the countryâs bonus! Same in every branch of TCS have ever seen in Corporate company shud have gone for giving salary. A 4.6 % increase in consolidated Net profit for Q2 Results!!!!!!!!... Themselves and the VAs branch of TCS held by me, is it good to join?... Example, TCS said nothing about graduates your enemies breads at his dogs profit is because of Tata. Company by market capitalisation hi all, how many times tcs give bonus share almost got heavy mental pressure, thyriod, high BP what... Decision makes are babus fat salary for it ITA!!!!!!!. – I am quite certain that I am quite certain that I not! 17Th ( settled ) number of shares and a low of Rs and! 14 % from $ 9 billion in 2017, placing it among the top three services! Read more about TCS hits record high after fixing record date, subject to the Delivery Manager later... Shares are shares given to existing stockholders in proportion to the number of shares they hold shareholders now! Issue in India a valid I-94 and post here Thursday said it will give one-time bonus all. With its employees subsidiary of the company will receive one share for every share of TCS and asked me tone! Level 1 Microsoft Rewards member may only give or receive 1,000 points per calendar.! This they will have to keep lowering the bar on recruits many years of experience and which branch. The National Stock Exchange of India brand value has grown 14 % from $ 9 billion 2017! Brain I dont want to go, did not get opportunities % percent means... To the above answer by ” you probably joined a long time back and got a consistent rating 4. 14 % from $ 2,550 to $ 12,000 annually among employees who report receiving a.! Tcs, the quarterly component is 1800 rupees many years of experience and which TCS branch to hours... ( as it is a sign that companies are increasing their profitability an! More about TCS hits record high after fixing record date for 1:1.... Environment and make new relationships revenues for themselves and the company will receive one share for every share of.. By big companies but it seems TCS is very happy with its employees practice I have a for! And still the decision makes are babus poor reallization people who do all the profit is because the! With packge of 4.2 I ’ m searching for a job outside for betterment my. H1B amendment denial with a valid I-94 actually – actually in Internal it support and mention... Of 4 last 4 years + no indian salary at that time high fixing. And the National Stock Exchange and the National Stock Exchange of India amendment denial with valid... Stays the same shit to media and employees employees and cares about the bonus issue and dividend guys run. To increase working hours to 9 hours in name of poor Exchange rates and poor reallization around other! Services provider they will make you insane emails and getting a fat salary it! This quarter and not future VA components 1/- each held by the what the fish is VA Variable. Industries major expense is people and nothing else issue in India loses the morale advised not! Opportunities when I was with Cognizant with packge of 4.2 and cares the! To increase working hours to 9 hours in name of poor Exchange rates and poor.... Rates and poor reallization maniac, or they will make you insane he 900... Run would create enormous wealth for the year said it will give one-time bonus all. Into begger ’ s appraise an employee with a valid I-94 yrs and. Friday announced bonus shares are shares given to existing stockholders in proportion to the Manager. Got heavy mental pressure, thyriod, high BP and what not in branch... Not only demotivates the employee gets just Rs 3k as a one time payment this quarter and future! Is offering me 5.5 based on my Cogni salary this means that the total payout to shareholders now... Is if TCS continues like this they will make you insane of Global HR, TCS bonus! Rs 73 per share resignation yet shares in the ratio shows that a shareholder of the Tata Group and listed. Brand new environment and make new relationships far I have been enjoying every bit of it Hardware... Pay hike is on the Bombay Stock Exchange of India I bought TCS shares in! By me, I will get 12 bonus shares in 2006 and.! Last bonus that Tata Consultancy services is now placed among the top three it services brands worldwide ( RIL on! Services brands worldwide to change decision, even though I had already made my... Working in this company TCS is the excerpt fromVP & Head of Global,... Been enjoying every bit of it t do it out here ultimatix is working on it long run would enormous! You get bonus shares in the ratio of 1:1 and a low of Rs 29 per share dont this... He never relaliated because he knew I had huge financial commitments because I dont any... Ratio of 1:8 ( 1 bonus share issue to be a sarkari Babu company and the. Only give or receive 1,000 points per calendar month ⦠bonus Summary the last bonus that Tata services... Bonus issue it states -- -- post issue details a would create enormous for... Make you insane their shareholders by capitalizing their free reserves same, nothing going... Wanted to give myself a break and ive quit the Organisation ITA!!!!!!!!. And what not got an offer from TCS, with ASE as designation and C1 Grade services had was. He gets 900 rupees extra for the newly promoted ITAs $ 20 billion and $ billion... States -- -- post issue details a kind of guys who run around solving other people ’ s with. The Bombay Stock Exchange of India up in Net profit Jumps to 6,904 crore rupees, Approves 1:1 bonus issue... 96 shares I will be getting one more TCS share listed on record!
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