Tuesday, February 05, 2008

TCS employees quit after appraisal

Coinciding with cost-cutting drive in Indian IT space amid fears of recession in the United States, the country's largest software exporter Tata Consultancy Services [Get Quote] on Tuesday said that about 500 members of its staff have 'voluntarily resigned' after an annual performance check.

"Employees with experience of two years and above across the company who were unable to meet the performance requirements of our company are asked to look for other jobs commensurate with their abilities," TCS spokesperson Pradipta Bagchi said.

However, he asserted that no employee has been sacked or fired. As a policy the only time that TCS dismisses people is for disciplinary reasons, he added.

"This is not an exceptional thing, it happens every year and it is part of our annual performance exercise. In TCS, everyone has to go through an appraisal cycle where they are rated between 1 and 5 depending on their performance. If in one appraisal cycle anyone is rated below 2, we put them on PIP (performance improvement plan). Read More>>