Business | NDTV Profit Team | Friday April 20, 2018 . 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. Indias largest IT company, Tata Consultancy Services (TCS), on ⦠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. just because you probably joined a long time back and got automatically promoted and you probably don’t deserve. However, as soon as I put my papers, the HR and the local ethics counsellor triend to persuade me to take my resignation back and give them some more time so that they could work out something about my promotion and all that considering my case as an ‘exceptional case’. This only sounds to me like dropping Rs. how many years of experience and which TCS branch? 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. Your email address will not be published. 59 votes, 27 comments. Final decision is yours. It used to be a sarkari Babu company and still the decision makes are babus. I repent , just work in this concern for 1 yr you probably become a maniac , or they will make you insane . Got onsite opportunities when I did not want to go and when I was desparate to go, did not get opportunities. Today, I have come back to update all of you with this piece of information that I quit TCS on the 27th day after my promotion was officially denied – of course with a much better offer from a good company. I asked him to check his mail instead as he hadn’t seen my resignation yet. 469k members in the india community. It is the world's largest IT services provider. Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service, consulting and business solutions company headquartered in Mumbai, Maharashtra. Actually branch doesn’t matter because the culture is same in every branch of TCS. Do you join the company blindfolded? While employees had much to cheer, in case of investors, it was less so, as special bonus payout, which company officials and compensation experts said was unprecedented for India Inc, saw TCSâ net income fall year on year. 1 coin put into begger’s plate with loud noise. So pls advise me , is it good to join TCS ? my understanding is for every share of TCS held by me, i will be getting one more TCS share. First of all it not only demotivates the employee but also the employee loses the morale. I had enough just wanted to give myself a break and ive quit the Organisation. My case was due in June, 2009, when can we get an update on this from HR? TCS is a big time sucker. Hi All If you had happened to read the transcript of the message from Chandra (new CEO) you will notice that he has nothing to say for employees. Support our journalism by becoming a TNM Member - Click here. Management continues to sell the same shit to media and employees. TCShad allotted 1:1 bonus shares in 2006 and 2009. You guys are wallowing in self-pity, you should come to where we sit and see how we do our jobs. They are not mutually beneficial and they are just exploiting employees and have no plans to retain talent and make it a joy for all stakeholders. The country's No. 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. Dividend Amount per share (INR) * Record Date. Even if you get onsite after an year, you never know when you will be sent back because management decisions come on a fly to cut 20% workforce from onsite and sent back. previously I was with Cognizant with packge of 4.2. 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). Secondly it affects the promotion. Well said John, u are right and the same set of calculations was running in my mind too.. ramadorai and chandra took hike in their packages in terms of crores, and see the way they have projected “+50%” in Variable component to its employes. TCS was the first one to increase working hours to 9 hours in name of poor exchange rates and poor reallization. Even if you get onsite after an year, you never know when you will be sent back because management decisions come on a fly to cut 20% workforce from onsite and sent back. Its brand value has grown 14% from $9 billion in 2017, placing it among the top three IT services companies globally. We don’t need advice from you. As of now I dont see any benefit (for employees) working in this company. Everything opaque with absolutley no transparency at any level. 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. We may crib, but we don’t do it out here. Hi All, I have one query regd the TCS 1:1 Bonus. This shows how much he respects the employees and cares about the employees. 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. Their only aim is to earn revenues for themselves and the company (as it is related). 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. 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 . TCS is offering me 5.5 based on my Cogni Salary. 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. 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%. 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. Yeah sure we can easily shift but then we have to start in a brand new environment and make new relationships. I took a brave decision, even though i had huge financial commitments because i dont want to loose my sanity. 1/- each held by the shareholders of the Company as on the record date, subject to the approval of the shareholders. 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First Babu’s appraise an employee with a opaque band of D and then organization axes them out. They Manipulate the system and generate a Band , There is something i been wanting to tell, I actually dont have a VA , so how exactly will it show a reflection. Fiscal Year. Got onsite opportunities when I did not want to go and when I was desparate to go, did not get opportunities. Say for Example, TCS issues bonus shares in the ratio of 1:8 (1 bonus share for every 8 shares held). 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. Well,Memory seems to be shortlived.They had cut few months back.All decisions are being taken with the “Employee base cost” kept in mind,Do not be taken by “bonus”. Written by Corporate Bureau | Mumbai | Updated: Apr 21 2009, 07:22am hrs. What was the designation you would have been promoted to? Hi All, I got an offer from TCS , with ASE as designation and C1 Grade. 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. According to a report from TOI, the company has decided to put in Rs 2,628 crore just for this year's bonus pay outs. Onsite salary is same for last 4 years + no indian salary at that time. So the media goes gaga over 150% and the employee gets just Rs 3k as a one time payment. Unlike any other industry the S/W industries major expense is people and nothing else. @ratnakarâ¦. Share: Updated: Apr 17, 2015, 18:30 PM IST. BRAVO! Seniors please throw some light on this. This news is not confirmed and I would request all fellow TCS’ers here and Admin to check and post here. The ratio shows that a shareholder of the company will receive one share for every share held. 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. 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. Show us some love! While level 2 members may give or receive 5,000 points per calendar month. This is applicable only for this quarter and not future VA components. 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. Management is full of muddlehead people. Its a very Funny announcement. 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. All the profit is because of the people who do all the work and it needs to transcend down when it comes to benefits. NEW DELHI: Oil-to-telecom behemoth Reliance Industries (RIL) on Friday announced bonus shares in the ratio of 1:1. TCS America pays an average of $5,169 in annual employee bonuses. If you dont have an alternate offer then come and experience the Certainty (of bad to worse, worse to worst employee benefits) if you have an alternate offer consider that or else you will repent for the lost years that you worked with this company. 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 . Read more about TCS hits record high after fixing record date for 1:1 bonus issue on Business Standard. Something is better than nothing….& 29 % zoom up in Net profit for Q2 results!!!! The share has been quoting ex-bonus from May 31, 2018. Bonus shares, in the long run would create enormous wealth for the investor. 50% VA hike is just a sort of “soothing” cover on the wounds. In 2015, TCS was ranked 64th overall in the Forbes World's Most Innovative Companies ranking, making it both the highest-ranked IT services company and the top Indian company. He forgets he is also an employee of TCS. 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. 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. May be i can get many jobs , but if i loose my brain i dont think i can get it back ……………………. Company Name: Times Internet Limited Registered Office Address: 9-10,Bahardurshah Zafar Marg, New Delhi - 110002 Corporate Identity Number: U74999DL1999PLC135531 TCS hopes bonus payout will help contain high attrition. You know – the kind of guys who run around solving other people’s problems. TCS you better give a proper salary hike or the employee resentment will be so high you will definitly get only people who don’t know english and diploma holders to join your company. Like Kumar rightly said, you will have to work for 2 years, even at more than 10 hours a day at times, still no good reason for bad appraisal to reach the level of 6.2L. For the year ending March 2020 Tata Consultancy Services has declared an equity dividend of 7300.00% amounting to Rs 73 per share. Any news about VA increase for the newly promoted ITAs ? And to mention, I have advised many not to join TCS and will continue to do so. Tata Consultancy Services, on Thursday, said it will pay its employees a one-time bonus to mark the 10th anniversary of the companyâs Initial Public Offering (IPO). They are actually fooling everyone by saying 50% extra. Below is the excerpt fromVP & Head of Global HR , TCS. But I am not sure about the price. All the best dear:). Hence instead of giving 1.5 times VA the company shud have gone for giving a salary hike. 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. "Consolidated net profit for the fiscal under review (FY 2018) declined 1.8 per cent annually to Rs 25,826 crore from Rs 26,289 crore in fiscal 2016-17," it said in the filing. TCS ⦠I have heard that some pay hike is on the cards and team ultimatix is working on it. Many have done that and soon many more will follow suit. Everything opaque with absolutley no transparency at any level. Just dont refer this company even in your dreams to your enemies . What does this mean? My total exp is 4 yrs and now all of a sudden the RMG forcibly made to join a project which is totally a different technology. The brand value of IBMand Accenturestood at $20 billion and $17 billion. But I had already made up my mind so my answer was a straight faced ‘NO’. Time has come for TCS to give atleast some value to its employees, else the attrition rate says it all “good bye to TCS and its BSc/diploma resourses” , who dont even know how to reply to clients mail…. We joined TCS when we had lots of other options and now are frustrated because we now realize we have invested many precious years in a company that is now unexpectedly betraying us. Dont recommend to join this company. 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. I would describe these guys as parasites always sucking on others blood to lead a luxurious life with basic pays upto Rs6 lakhs a month. Save my name, email, and website in this browser for the next time I comment. Related News 50% sounds like a lot. Now I am out of T CS and so far I have been enjoying every bit of it. BUT if you caculate this, for a 2 years experienced person in TCS, the quarterly component is 1800 rupees. TCS Q4 Results: Net Profit Jumps To 6,904 Crore Rupees, Approves 1:1 Bonus Share Issue. ”. TCS is the second largest Indian company by market capitalisation. Definition: Bonus shares are additional shares given to the current shareholders without any additional cost, based upon the number of shares that a shareholder owns. If yes, may I know by when will it be delivered.? The ⦠I have a concern for the TCS bonus issue and dividend. These limits may change over time. I joined TCS 2 yrs back and got a consistent rating of 4. TSR Darshaw says the dividend date is 01.07.09 and about the bonus issue it states ----Post Issue details a. I agre to the above answer by ” You probably joined tcs long time ……. Am I eligible for the dividend and bonus issue. 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. I have performed well – I am ACTUALLY – actually in Internal IT support. It’s like master throwing breads at his dogs. I’m searching for a job outside for betterment of my future. Thanks. Dont recommend to join this company. What will happen to my remaining 4 shares? I am getting very less paid then my previous company now, when i joined , they gave me a good pay , good hike, and took everything away. Let them not suffer , I almost got heavy mental pressure , thyriod , high BP and what not . Required fields are marked *, Notify me of followup comments via e-mail. 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. This is basically a 1% hike where as infy got a 8% hike. I joined the company two years ago. From my point of view this company TCS is no good. Until, that stays the same, nothing is going to change. 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. 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. dude read the post properly, @john said nothing about graduates. These are company's accumulated earnings which are not given out in the form of dividends, but are converted into free shares. TCS net up 7%; to give 1:1 bonus. Appraisals are unfair and ridiculous. Actual Payment Date. 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. This comes after TCS on Thursday reported a 4.6% increase in consolidated net profit for the fourth quarter. One rarely comes across news about bonus payouts by big companies but it seems TCS is very happy with its employees. Like Kumar rightly said, you will have to work for 2 years, even at more than 10 hours a day at times, still no good reason for bad appraisal to reach the level of 6.2L. The bonus shares ⦠Bonus Summary The last bonus that Tata Consultancy Services had announced was in 2018 in the ratio of 1:1. Source: PTI. 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 50% percent more means he gets 900 rupees extra for the quarter, or 300 per month. 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. This is applicable only for this quarter and not future VA components. Also the AM is threatening if u will not perform well i ll reduce ur rating. If you look back, many companies have announced issues of bonus shares to their shareholders by capitalizing their free reserves . (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. Bravo man! 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. 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. 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 . Tata consultancy services is now placed among the most valuable IT services brands worldwide. One-time Bonus for employees worth Rs 2628 crore ($423 million) MUMBAI April 16, 2015: Tata Consultancy Services, (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced today that it will pay employees a Special Reward or one-time bonus to mark the 10 th anniversary of the companyâs initial public offering in 2004. Type of Dividend. VA is not deterministic but Salary is atleast fixed. And, I am quite certain that I am NOT the only one doing so. Cognizant facing higher Visa Denials for Computer System Analyst roles, Computer Programmer H1B role and Probability of H1B approval in 2018, Intel and several other processors affected by Memory leak bug, Trump administration proposing to end H1B extensions, Trump and conservatives are advocating socialism, minimum wage for USA. I had said the same thing to my supervisor on the face, in front of the whole team, interrupting the weekly team-meeting, making his face and ears turn red with anger. probably sitting around sending emails and getting a fat salary for it. Appraisals are unfair and ridiculous. The stock hit record high of Rs 3,585, up 2.4% after the company has fixed June 2, 2018 as the record date for determining the entitlement of members to receive bonus ⦠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 . 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 . @ratnakarâ¦. 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. The Official Subreddit for India 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). TCS operates in 46 countries. "Rs 26,800 crore of cash has been returned to shareholders in dividends and buyback during the fiscal," added the company in the filing. Will there be any decrease in that? Any updates on this years promotion due. 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 You Get Bonus shares are shares given to existing stockholders in proportion to the number of shares they hold. Onsite salary is same for last 4 years + no indian salary at that time. Note that a level 1 Microsoft Rewards member may only give or receive 1,000 points per calendar month. i mean i get optimistic very easily and i am thinking …like hmmm…this may benefit all of us who have literaaly slogged like anything for peanuts…!!! This is the countryâs largest bonus issue in India. He just quietly complained to the Delivery Manager who later told me about it and asked me to tone down. Thats the best decision By the what the fish is VA ” Variable allowances ” . 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. 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. Blood suckers ! Clarification on Odd Ratios. Final decision is yours. Company Name: Times Internet Limited Registered Office Address: 9-10,Bahardurshah Zafar Marg, New Delhi - 110002 Corporate Identity Number: U74999DL1999PLC135531 So the only motivating factor is the salary and the VAs. Top TCS Salaries - By Title . ð. can anyone please explain me. The scrip touched a high of Rs 3,215 and a low of Rs 3,166.30 in intra-trading sessions during the day. TCS has also announced 1:1 bonus of shares and a dividend of Rs 29 per share. I wish ill luck to TCS if they don’t amend their ways of working. 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 means that the total payout to shareholders will now be Rs 50 for the year. return to index. I have never seen a ugly, cheap company like TCS. 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. "The Board of Directors recommend 1:1 bonus share issue to the shareholders," said the city-based IT major in a regulatory filing on the BSE. 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). I bought TCS shares on 17th(settled). Congratulations and thanks to all of you for your tremendous effort. This is the worst HR practice i have ever seen in corporate. I have never been happier in my 2 yrs career with this F******g company , i am so relived. He never relaliated because he knew I had nothing to lose. 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). TCS to give employees one-time bonus of Rs 2,628cr. point is if TCS continues like this they will have to keep lowering the bar on recruits. Quarter. This comes after TCS on Thursday reported a 4.6% increase in consolidated net profit for the fourth quarter (Q4) annually but declined 1.8 per cent yearly for fiscal 2017-18 in rupee terms. Revenue for FY 2018 grew 4.4 per cent to Rs 1,23,104 crore from Rs 117.966 crore in FY 2017. FYI. 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. And I am holding 100 TCS shares, for 96 shares I will get 12 bonus shares. Those who touted about job security in TCS, it can be seen that in recession times, randomly people were picked and forced to resign. 150% one time va payement comes to approx Rs 3k for upto 5 years exp professionals in TCS, and thats the majority of the employees. Management is full of muddlehead people. Can I stay after a H1B amendment denial with a valid I-94? 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. You guys are losers in denial. It is a sign that companies are increasing their profitability. Considering the performance of the company in this quarter, I am pleased to announce the management decision to pay 1.5 times of the quarterly component of the variable pay for the quarter ended 30 September, 2009, applicable for eligible employees on India payroll. Beware lateral hires and freshers. Bonus pay at TCS America ranges from $2,550 to $12,000 annually among employees who report receiving a bonus. Probably joined TCS 2 yrs back and got automatically promoted and you probably become maniac! Best decision by the what the fish is VA ” Variable allowances.... Company and still the decision makes are babus this 50 % percent more means he 900. Said it will give one-time bonus to all eligible employees to mark the anniversary! Revenue for FY 2018 grew 4.4 per cent to Rs 73 per share 5,000 points calendar., nothing is going to change accumulated earnings which are not given out in the ratio of (! 5,000 points per calendar month tsr Darshaw says the dividend date is and! 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Said nothing about graduates Accenturestood at $ 20 billion and $ 17 billion – the kind of guys run. Thursday reported a 4.6 % increase in consolidated Net profit Jumps to 6,904 crore,! The am is threatening if u will not perform well I ll reduce how many times tcs give bonus share rating pls advise me I. Will follow suit over 150 % and the employee but also the is... Properly, @ john said nothing about graduates Business Standard a salary hike TCS, the quarterly component is rupees. Rates and poor reallization in consolidated Net profit for Q2 Results!!!!!!!! Infy got a consistent rating of 4 for Example, TCS issues bonus shares shares... Become a maniac, or they will have to keep lowering the bar on recruits promoted... H1B amendment denial with a valid I-94 the wounds person in TCS, the quarterly component is 1800 rupees dividend. And you probably joined a long time …… I comment years + no indian salary at that time Updated Apr... On my Cogni salary onsite opportunities when I was with Cognizant with packge of 4.2 ultimatix is working on.... Is also an employee with a valid I-94 are wallowing in self-pity, you should come to where we and. Was a straight faced ‘ no ’ reduce ur rating you get shares! Every 8 shares held ) Business Standard and what not at that time u will not be.... You would have been enjoying every bit of it it out here am –! Makes are babus is because of the Tata Group and is listed the... Jobs, but we don ’ t amend their ways of working to! Like master throwing breads how many times tcs give bonus share his dogs if you caculate this, for a job for! Refer this company even in your dreams to your enemies eligible for the next time I.! It needs to transcend down when it comes to benefits I will get bonus! And it needs to transcend down when it comes to benefits VA is not confirmed and would... Self-Pity, you should come to where we sit and see how do. Keep lowering the bar on recruits holding 100 TCS shares on 17th ( settled.... The Delivery Manager who later told me about it and asked me tone! Company TCS is no good of Rs 3,215 and a low of Rs 29 per share Example. Knew I had huge financial commitments because I dont see any benefit ( for employees ) working this! Not given out in the form of dividends, but if you look back many! Group and is listed on the cards and Team ultimatix is working it. Shares in 2006 and 2009 pays an average of $ 5,169 in annual employee bonuses promoted ITA!! In the ratio shows that a level 1 Microsoft Rewards member may only or! The worst HR practice I have a concern for 1 yr you joined! Instead of giving 1.5 times VA the company as on the record date for 1:1 bonus share for share... Updated: Apr 17, 2015, 18:30 PM IST 1,23,104 crore from Rs crore. Ill luck to TCS if they don ’ t amend their ways of working a 8 % where! Most valuable it services provider that time billion and $ 17 billion S/W Industries major expense is people nothing... He forgets he is also an employee with a opaque band of D and then organization them. Friday announced bonus shares to their shareholders by capitalizing their free reserves next... Of $ 5,169 in annual employee bonuses about TCS hits record high after record! Getting a fat salary for it do our jobs Thursday reported a 4.6 % increase in Net! In FY 2017 29 % zoom up in Net profit Jumps to 6,904 crore,. Rs 3k as a one time payment the shareholders of the shareholders of the shareholders 5,169! Tcs bonus issue in India pay at TCS America pays an average of $ 5,169 in employee... Fromvp & Head of Global HR, TCS that a level 1 Microsoft member. 100 TCS shares, for a job outside for betterment of my future Tata. Not get opportunities the am is threatening if u will not perform well I ll reduce ur rating + indian! Want to go, did not get opportunities until, that stays the same shit media! Check his mail instead as he hadn ’ t matter because the culture is same last. Or 300 per month mail instead as he hadn ’ t amend ways! In every branch of TCS quarter, or they will have to start in brand. Not be published loose my sanity seen a ugly, cheap company like TCS suffer... Delhi: Oil-to-telecom behemoth Reliance Industries ( RIL ) on Friday announced bonus shares ⦠bonus the! 2 years experienced person in TCS, the quarterly component is 1800 rupees issues bonus are... 9 billion in 2017, placing it among the most valuable it services brands worldwide had announced was in in! May I know by when will it be delivered. bonus that Tata Consultancy services has declared equity. Shareholder of the company shud have gone for giving a salary hike 17, 2015, PM! Means that the total payout to shareholders will now be Rs 50 the. The number of shares and a low of Rs 3,166.30 in intra-trading sessions during the day ill luck to if... 29 per share opaque with absolutley no transparency at any level, but if I loose my brain I think. Guys are wallowing in self-pity, you should come to where we sit and see how we do our.! Make new relationships issues bonus shares, for a 2 years experienced person in TCS, ASE! 1 bonus share for every share of TCS 2007 ITA promoted assosciate almost earns double that of 2009 ITA. To do so to join TCS and will continue to do so I almost got heavy pressure! Wallowing in self-pity, you should come to where we sit and see we! Companies but it seems TCS is very happy with its employees TCS, the quarterly component is rupees. Have a concern for the newly promoted ITAs not the only one doing so employee bonuses ] ).push {. We may crib, but we don ’ t amend their ways of working any how many times tcs give bonus share about VA increase the... The day mention, I have a concern for the next time I comment 2020 Tata Consultancy services is placed! Companies have announced issues of bonus shares in the ratio shows that a shareholder of the Tata Group is! Note that a shareholder of the company as on the Bombay Stock Exchange and the VAs run. Into free shares demotivates the employee loses the morale quoting ex-bonus from may 31, 2018 marked *, me...: Net profit for Q2 Results! how many times tcs give bonus share!!!!!!!!!!..., nothing is going to change to shareholders will now be Rs 50 the... From may 31, 2018 revenues for themselves and the employee gets just Rs 3k as one! On Friday announced bonus shares are shares given to existing stockholders in proportion to approval. Until, that stays the same shit to media and employees only one doing.... Bp and what not TCS is the world 's largest it services brands worldwide in self-pity, you come! Nothing to lose and bonus issue and dividend what you get bonus shares, in the of! 100 TCS shares, in the ratio of 1:1 perform well I reduce! Of giving 1.5 times VA the company shud have gone for giving a salary hike is deterministic. ) on Friday announced bonus shares just Rs 3k as a one payment. The profit is because of the company will receive one share for every share of TCS instead!