This move comes as TCS is reportedly compelling staff to return to the office for the whole workweek, terminating remote work options for certain teams
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Hiring at the CXO level witnessed a decline of 25% between April and December 2023; Full-time female employee salaries surge by 9.13%, signaling forward momentum toward gender pay equity
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Under the OPS, a government employee was entitled to a monthly pension upon retirement. The monthly pension is normally equal to half of the person's last drawn wage
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The increase outpaces the 15% average rise seen in metropolitan areas. This change signals a new era where these cities are competing on equal footing with larger metros, demonstrating that job opportunities and growth are no longer limited by location
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The company granted 15,68,266 stock options, using ESOPs and restricted stock units (RSUs) in an equal mix
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The remaining 30% of staff members' variable pay will be determined basis business and performance measures
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The company has allocated 10% of its shares to employees, aims to create 100 crorepatis within the company
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This initiative follows a previous initiative wherein the company gifted 100 Maruti Suzuki cars to its most trusted employees in 2022
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