Tata Consultancy Services (TCS) stated on October 10 that moonlighting was an ethical issue that violated the company’s core values and culture, but no action has been taken against employees who perform a side job so far.
Chief Human Resources Officer Milind Lakkad told reporters after releasing a good set of figures for the September quarter that TCS’s policy on moonlighting has been communicated to staff. So far, no action has been taken against anyone, he claims.
According to Chief Executive Officer Rajesh Gopinathan, it was written into the company’s employment contract that employees were not permitted to work for any other organization. IT experts working a second job, which was supposed to be possible because of working from home, has polarized opinion, with most firms saying it was unacceptable.
TCS competitors Infosys and Wipro have both spoken out against the practice. Wipro Chairman Rishad Premji stated the business let go of 300 staff who worked for competitors, while Infosys sent a warning note to employees. TCS asked staff in September to work from its offices at least three days per week and stated that adherence to the company’s roster was necessary.
Lakkad stated that all of the company’s seniors will be arriving at the office. “We are rostering all of the remaining workers across projects. One-third of them come to work at least twice a week, and the number will grow. There is a buzz about going to work “He stated. Employees were ordered to return to work in an email, with a warning that noncompliance will be taken seriously.
“TCS senior officials have been working from TCS offices for some time, and our customers are also visiting TCS locations… Your respective managers will now schedule you to work from the TCS office at least three days per week “, It said. According to a TCS spokeswoman, all personnel was instructed to return to their base locations where they were functioning before the coronavirus epidemic.
“Those employees who requested and received transfers will work from the new sites,” the official stated. TCS stated in the previous quarter’s results that 20% of its employees worked from its offices. Calling employees back to the office coincides with the announcement of TCS’s 25/25 model, under which no more than 25% of its employees would be needed to work outside of its offices at any given time and no more than 25% of their time would be spent at the office.
While calling staff back to work appears to contradict the 25/25 model, the company’s leadership previously stated that the aim was to get people back to work at regular levels, or at least 80 percent, before establishing a structured hybrid approach.
The country’s largest IT services provider reported a consolidated net profit of Rs 10,465 crore for the quarter that ended September 30, 2022, and 8.41 percent year-on-year (YoY) increase from Rs 9,653 crore in the corresponding quarter of the previous year, kicking off the earnings season for the information technology sector.
Profit increased 9.93% sequentially. TCS reported that revenue from operations increased by 18.01 percent year on year to Rs 55,309 crore, up from Rs 46,867 crore in the same quarter the previous year. Revenue increased by 4.83 percent sequentially.
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