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TCS sets 'conditions' for pay hikes and promotion for its employees. Details inside

Category: Technology & Written by Admin On March-07-2024 17:41:46

The directive has specified that employees must adhere to their designated offices, rather than opting for locations closer to their residences. TCS promotion: Hikes and promotions at TCS, India's largest IT firm, will now be reportedly linked to the firm's recent return-to-office mandate. The company has also linked variable payouts with this policy. The rule is also applicable to freshers, who have completed assigned courses and are eligible for higher salaries beyond the standard annual compensation of Rs 3 lakh.A TOI report says the IT firm has mandated that employees return to the office on all five working days, signaling an end to the work-from-home option for specific teams. The directive has specified that employees must adhere to their designated offices, rather than opting for locations closer to their residences. Some employees are reportedly willing to forego city allowances in exchange for increased flexibility. The HR department is allowing limited work-from-home opportunities on a case-by-case basis, the report added. Business Today could not independently verify the report. Several IT firms including Infosys and Wipro have made it mandatory for employees to work from office, signalling the end of the remote working era. Wipro has unveiled a mandatory hybrid work policy, necessitating employees to be physically present in the office for a minimum of three days per week. Shares of SJVN Ltd on Thursday rose 3.39 per cent to hit an intraday high price of Rs 123.50. The stock eventually closed 2.30 per cent higher at Rs 122.20. The multibagger scrip has rallied 267.85 per cent in the past one year. Today's upward move in the share price came after the company said SJVN Green Energy (SJVN's wholly-owned subsidiary) has received letter of awards for cumulative 1,352 MW of solar power projects to be developed in Nashik, Solapur, Ahmednagar and Pune under the Mukhya Mantri Saur Krushi Vahini Yojana

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