Money Talk India Finance Forum (MTIFF)
Would you like to react to this message? Create an account in a few clicks or log in to continue.

TCS Pay Cut

+8
kbharadwaj81
Skumar
rakeshkamble
ashwini
dileep
enidhi
sidhartha
Admin
12 posters

Go down

TCS Pay Cut Empty TCS Pay Cut

Post by Admin Wed Jan 30 2008, 14:50

It has been learnt from highly reliable sources that TCS has implemented a 20% cut in variable pay. Industry wide this appraisal season unlikely to be as good as previous years.

Tough time ahead for IT guys? What are your views?
Admin
Admin
Admin

Number of posts : 42
Registration date : 2008-01-10

https://enidhi.forumotion.com

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by sidhartha Wed Jan 30 2008, 21:20

if Tcs cuts pays...wht about the other IT companies

sidhartha
MTIFF Moderator

Male Number of posts : 21
Registration date : 2008-01-30

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by enidhi Wed Jan 30 2008, 23:38

Other companies also have the variable component in their pay structure which can be brought down if company doesn't make profit. So there may not be a formal announcement of pay cut but indirectly same may happen....
enidhi
enidhi
MoneyTalk Expert

Male Number of posts : 165
Age : 40
Location : Bangalore/Chennai
Registration date : 2008-01-29

http://www.enidhi.net

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by dileep Fri Feb 01 2008, 11:06

He all, We had time where companies use to pay goddies or dollars as a gift to employee.. I guess TCS is starting a new revolution ! Very Happy How TCS people around the globe feel on this? any Idea ? scratch

dileep
MoneyTalker

Male Number of posts : 16
Registration date : 2008-01-29

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by Admin Sat Feb 02 2008, 18:04

It feels bad for sure...
Admin
Admin
Admin

Number of posts : 42
Registration date : 2008-01-10

https://enidhi.forumotion.com

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by ashwini Sat Feb 02 2008, 18:31

Any other company also cutting pay?
ashwini
ashwini
MoneyTalker

Female Number of posts : 26
Age : 41
Location : Udupi
Registration date : 2008-02-02

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by sidhartha Sun Feb 03 2008, 14:17

IBM cuts 1000 jobs...no pay cut only people cut....

sidhartha
MTIFF Moderator

Male Number of posts : 21
Registration date : 2008-01-30

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by enidhi Sun Feb 03 2008, 16:19

sidhartha wrote:IBM cuts 1000 jobs...no pay cut only people cut....
lol!
enidhi
enidhi
MoneyTalk Expert

Male Number of posts : 165
Age : 40
Location : Bangalore/Chennai
Registration date : 2008-01-29

http://www.enidhi.net

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by rakeshkamble Mon Feb 04 2008, 16:49

TCS cuts its variable pay.. Satyam has been doing this from long time.. Satyam has been giving less than 100% couple of times before this fuzz on decrease in $ rate... U see there is no media hype.. TCS is like a gov company.. so this is a major issue.. It is quite quite normal to get a variable pay lesser than 100% in Satyam Crying or Very sad
rakeshkamble
rakeshkamble
MTIFF Moderator

Male Number of posts : 41
Age : 40
Location : Bangalore
Registration date : 2008-01-29

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by enidhi Mon Feb 04 2008, 23:35

Sad
enidhi
enidhi
MoneyTalk Expert

Male Number of posts : 165
Age : 40
Location : Bangalore/Chennai
Registration date : 2008-01-29

http://www.enidhi.net

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by sidhartha Tue Feb 05 2008, 16:53

TCS has asked 400 employees to resign.
source NDTV PROFIT
this is scary.......

sidhartha
MTIFF Moderator

Male Number of posts : 21
Registration date : 2008-01-30

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by enidhi Tue Feb 05 2008, 19:46

Infact 500

TCS fires 500
http://www.ibnlive.com/news/500-tcs-employees-asked-to-leave/58174-7.html

IBM India fires 700

http://www.wral.com/business/local_tech_wire/news/story/2387954/

But mainly freshers...
enidhi
enidhi
MoneyTalk Expert

Male Number of posts : 165
Age : 40
Location : Bangalore/Chennai
Registration date : 2008-01-29

http://www.enidhi.net

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by Skumar Thu Feb 07 2008, 10:46

So no more 'certaintity" at TCS....as they claim...

Skumar
MoneyTalker

Number of posts : 19
Registration date : 2008-01-29

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by dileep Thu Feb 07 2008, 11:22

I guess all these issues are coming because of Dollar , how about companies who has clients in UK or Australia?

dileep
MoneyTalker

Male Number of posts : 16
Registration date : 2008-01-29

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by kbharadwaj81 Sun Mar 16 2008, 17:39

Companies should start billing tehe clients in terms of ' Grams of GOLD / man hours ' instead of dollars. Very Happy Very Happy

Gold and $ rates are going crazy Mad

kbharadwaj81
MoneyTalker

Number of posts : 13
Registration date : 2008-03-16

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by enidhi Mon Mar 17 2008, 17:52

Good idea alien
enidhi
enidhi
MoneyTalk Expert

Male Number of posts : 165
Age : 40
Location : Bangalore/Chennai
Registration date : 2008-01-29

http://www.enidhi.net

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by bentley1988 Fri May 07 2010, 09:36

definately

bentley1988
MoneyTalker

Number of posts : 21
Registration date : 2010-05-06

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by bentley1988 Fri May 07 2010, 09:37

thanks for this

debt management north west

bentley1988
MoneyTalker

Number of posts : 21
Registration date : 2010-05-06

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by srujanaa4 Wed Aug 04 2010, 17:12

hi everyone..
Thank you for sharing information..

regards,
phe9oxis,
http://www.guidebuddha.com

srujanaa4
MoneyTalker

Number of posts : 60
Registration date : 2010-08-04

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by sru123 Sat Aug 07 2010, 17:14

hi

TCS fires 500
http://www.ibnlive.com/news/500-tcs-employees-asked-to-leave/58174-7.html

IBM India fires 700

http://www.wral.com/business/local_tech_wire/news/story/2387954/

regards,
phe9oxis,
http://www.guidebuddha.com

sru123
MoneyTalker

Number of posts : 54
Registration date : 2010-08-07

Back to top Go down

TCS Pay Cut Empty Forex Trading

Post by streamlet Sun Dec 19 2010, 08:26

Trading Forex currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Please be aware of the Forex risk.
More information visit: www.fxdialogue.com


streamlet
MoneyTalker

Number of posts : 42
Registration date : 2010-12-12

Back to top Go down

TCS Pay Cut Empty Re: TCS Pay Cut

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum