Proud to be a TCSer

Proud to be a TCSer

Ø    You will feel proud that you are a part of an organization that brought India among top global business countries.

Ø    Will feel respect that other person will have it for you once you say that  “You are working for TCS “

Ø    Power of signature, which has hardly any significance few months back but can now fetch Lakhs from any bank.

Ø    Power of Official email ID -> It is said that whenever you send mail from TCS email id you are not representing yourself, you are also representing TCS. so once it is misused and sent to client , it may terminate the project and can cause loss for TCS ,in terms of million of dollars.

Ø    Feeling that life is not all about getting pass in ILP,but u will feel life is all bout going one step forward every time.

Ø    Lastly, you will feel its a perfect time to share your responsibility in a family where ours parent has invested Lakhs and that too with such a love n patience n suffering. Now its our turn to make them happy!

·         One of the most appreciative work of TCS is that, they have the collaboration with book24*7.com.Every possible book of every category is available in e-book format and is totally free for TCSers and non TCSers have to pay a minimum of 400$ per category of the book , to become the member of this site. The book24*7 site has a very good user interface which will make you to learn more and more. You can access it , once you join the TCS

·         There are 3 kinds of people in TCS.

1.      One who believes in buttering. They may get good performance rating and better variable pay. But buttering will not ensure on site project, no matter how much u do !

2.      Getting on site project is totally performance oriented.

3.      One who think that as they get into TCS, so with this every responsibility is over. So they stay at same post and will only be promoted on basis of experience but not merit.

4.      One who has a habit of continuous learning but sadly only 10-15 % falls into this category. But for them TCS has such a variety of opportunity one can’t even imagine of…

·         No matter how intelligent or how dumb you are …! The only thing matters in ILP is the average performance of your batch (i.e.,) around 30 – 40 and based on which the stream is allocated to the whole batch.

·         Nothing will happen even if you fail in Exams during ILP. All you need to have is positive attitude and a proper behavior. Your ILP days will be extended and they set up less than 35 / 100 to take retest. TCS thinks thrice before throwing a TCSer out !

·         Those who are not interested in some specific stream , suppose Java and got Java as a stream can change his project other than Java after ILP , provided other project is there or wait for project on bench and join as soon as possible

·         If any one wish to do higher studies after two years, TCS will give you leave for two years without pay, with One year bond and No Sponsorship.

TCS has 20 holiday resorts in India, almost at all famous hill stations and few in South East Asian Countries. Charges are as low as Rs.200 per day in India and around Rs.1100 outside India. One can book it any time.

·         TCS has Insurance tie up with Medical Assistance, India Group. It covers complete medical expenses.Rs.50,000 for general treatment and upto 5 Lakhs / Year for majors. It includes cashless treatment at Aiims,Fortis,Gangaram,Escort. Rs.2000 is charged from an employee per year and Rs.6000 for parent, which is optional.

·         Common training is conducted in classroom & labs, whereas in stream training you will be provided with cubicles. Each consist of 4 members

·         There are project assignments given and there will be regular team meetings, conference & so !

·         There is no Pre – ILP test conducted but there are three tests during training, EC1, EC2 and EC3. Each test is conducted in a interval of 10 days!

·         TCS has tie up with Indian Airlines! When you are coming back from abroad, you are allowed to bring 25% extra with respect to other passengers.

·         Getting foreign project is almost every one’s dream! If you are put up in a project abroad, you will be given free lodging, food + your actual salary, every month.

·         TCS has a policy , “If you clear all IT (Income Tax) Certification , we will pay you full amount”

·         ILP is 55 working days for the year 2010.

·         From a TCSer: Please make your profiles in Linkedin . Came to know the importance of this site from HR.Now every company started to search your profile in LinkedIn. They see your networking strengths and how many recommendations you have @ work. Promotions in thae company are concerned with these things only!*Linkedin is the only social networking site which we can access from TCS .

·         TCS has a site Ultimatix and all study materials can be accessed online only

·         Laptops are allowed only in Hostel , restricted in Office

·         From HR Head, Chennai ILP: First day for Fresher @ TCS … Majority came with parents and siblings. It seems TCS turned like a Kindergarten School but that shows even their parents feel PROUD and don’t want to miss to see you entering into TCS first time!

·         Every year TCS Celebrates a Family Day where each employee can bring up to four family members and make them visit the whole TCS Campus and their cubicle where they use to work. At this particular day free transport service and free food is provided by the company plus a picnic organized by company at some theme park or a similar place. Everything is free of cost!

·         After one year in TCS , you can take leave up to one continuous year but you will not get paid by TCS during this time but you will remain as TCS employee!

·         TCS has started posting Job Openings in it’s internal portal for it’s employee to show their talent. There are 2000 + vacancies in UK and Europe. If u have capability for TCS Project any where in the world you can apply for it and you will be shifted. ** Applicable after One Year , since you have joined TCS

(Source : TCS 2010 FB Group.Special thanks to Aditya Shandilya)

TCS, Wipro, Infosys, HCL, Cognizant mull 10-15% salary hike this year

The salary increment season has just started. And techies have something to look forward to. In contrast to the salary cuts and the single-digit hikes during the slowdown years, increments this year are expected to be in double digits for most.

The rise in demand for IT globally and rising customer confidence have substantially increased the demand for people. A quick check done by TOI found that average increments would be in the 12% to 15% range. People in specialized areas, like the product space, are expected to get up to 20% or more.

Fresher salaries/stipends are already up by 10% to 15% compared to last year. Hires from premier educational institutions have seen 15% to 20% increases this year. Recruiters say the country's top tech firms - TCS, Wipro, Infosys, HCL and Cognizant – are considering a 10% to 15% average hike this year. A senior official at Infosys said the company is looking at a pay hike in June and that it should be in the range of 10% to 12%.

Wipro has just started its appraisal process. An email to employees on Wednesday said the process would be completed by May. Increments are expected to be announced in June-July , and will be effective June 1. Sources in the company said increments would be in the 12-15 % range, against 8-12 % last year.

C Mahalingam, senior V-P and HR head in Symphony Services, said the situation had improved significantly for IT companies. "Markets are warming up. Customer rates are improving . There is also tension in the talent demand-supply scenario. All these will have a positive impact on increments this year,'' he said.

Roy Joseph, head of HR in the technology product development and sourcing of Mahindra & Mahindra, said that with the economy rebounding quicker that expected , there is additional pressure on retaining the best talent. "There is limited supply of quality talent. That means a scramble for good people. Ultimately, what prompts good talent to remain where they are is the remuneration.''

Mahalingam said that people with 3-8 years of experience have become particularly hot property. That's because business has increased rapidly and has not given enough time for companies to train freshers to deal with these orders. However,increments will remain lower than what they were in the years immediately preceding the global recession. Companies are cautious about the global economic outlook.

TCS appraisal process for 2011 trainees / freshers

This article is based on the past few years practice as shared by trainees. TCS may change the processes, but this article will give you an idea of the appraisal process through out the IT industry. More or less it is the appraisal process followed in all IT companies like WIPRO, CTS ( Cognizant) , INFOSYS and others
All the associates in TCS are rated on a scale of 0-5, 5 being the highest. your rating generally comes up to 3 decimal places which are rounded off to nearest integer e.g. if your rating is 3.499, it would be considered as 3 and if its 3.500 or 3.501,it would be considered as 4.

In first year, you are quarterly rated, i.e. your performance would be evaluated every 3 months by your immediate supervisor (project leader). Suppose if u join TCS in Oct 2011 at Coimbatore ILP, then your first quarter would be OCT-DEC '11. It has nothing to do with Financial Quarters. So, don't combine the two. You'll get a rating in ILP but it is generally not taken into account when you join a project. Your project leader would rate u according to your performance in his project in every forthcoming quarter. After u complete 1 year, you'll have 4 ratings with u (one from every quarter).

Ideally, as per the guidelines, your confirmation rating should be a weighted average of your quarterly ratings. But in reality, it does not happen in most of the companies. The management has a curve and they follow a process popularly known as Bell Curve. According to that curve, you'll get your confirmation rating. After confirmation, you'll be rated half yearly (H1- Apr to Sept and H2 - Oct to Mar).If u are confirmed in Oct'12, then you'll be facing H2 directly without having your H1 appraisal cycle.

The Bell Curve Factor

Bell Curve: - Suppose there are 100 associates in a particular account in which say 10 projects are in progress. In every project, there are 10 associates and one of them is a project leader (PL). Over every 2-3 projects, there is a Project Manager (PM). And over all Project Managers, there is an account manager (AM). And over account managers, there is Group Leader (GL).

In the mentioned process, GL gives guidelines to all the AMs regarding the ratings to be distributed in their respective accounts. This is transferred to PM and ultimately to PL levels. Suppose, according to guidelines, out of 10 associates in every project, 2 can get a rating of 5, 3 to be given a rating of 4, 4 to be given a rating of 3 and 1 has to be given a rating of 2. This is how it is distributed. Now, PL - PM have to identify who should be put into which slot. This whole process is known as Curve Fitting wherein PMs and PLs are fitting you at a particular location of the curve given by the GL.

There is a difference of around 1100 bugs per month between any two ratings. That means, if you have got a rating of 4, then probably you might get around 3.LPA as your package after confirmation and if you have a rating of 3, you might get 3.76 LPA and so on.

TCS's performance appraisal system is supported by an online system called the Human Resource Management System- an Oracle Developer based tool. The system individual right from his biographical details to his projects performance. An employee's performance history at the click of a button and this accurately maintained for all employees! Right from his entry, an employee in TCS get formal performance feedback once very two months till such time that he is confirmed after which the performance feedback is provided twice every year on a formal basis. TCS however widely encourages informal feedback discussions between Project Leaders and Team Members and this concept has found an overwhelming appeal among the people.

TCS conducts two appraisals:
1. At the end of the year
2. At the end of a project.

Appraisals are based on Balanced Scorecard, which tracks the achievement of employees on the basis of targets at four levels —
financial
customer
internal
learning and growth

The financial perspective quantifies the employee’s contribution in terms of revenue growth, cost reduction, improved asset utilization and so on; The customer perspective looks at the differentiating value proposition offered by the employee; the internal perspective refers to the employee’s contribution in creating and sustaining value; the learning and growth are self-explanatory. The weightage given to each attribute is based on the function the employee performs. Based on their individual achievements, employees are rated on a scale of one to five (five = “superstar”). If employees get a low rating (less than two) in two consecutive
appraisals, the warning flags go up.

“If the poor performer continues getting low scores then the exit option may be considered”

Over the years TCS has found the pattern that leads to the maximum decline in performance — boredom. If employees work for more than two years on the same project, typically either their performance dips or they leave the organization.

To avoid that, TCS shuffles its employees between projects every 18 months or so.

“Performance drops if motivation drops”

At the heart of an employee's satisfaction lies the fact that his performance is being appreciated and recognized. TCS's performance management system has metamorphosed into one that emphasizes objectivity and a system that mandates performance evaluation against pre-determined criteria.


What deserve special mention is the active participation of the senior management in the determination of guidelines for the performance appraisal process. The process ensure buy in of the employees since the guidelines for the rating system and its conversion into money terms is not unilaterally decided by HR but is a consensus of a cross functional team with representation from all levels.

Tata Consultancy Services, Ltd. Salary Range by Job

[-] Sr. Software Engineer / Developer / Programmer (135)

Salary	Rs 340,737 - Rs 838,250
Bonus	Rs 5,000 - Rs 150,000
Commission	Rs 1,606 - Rs 587,387
Profit Disbursement	Rs 4,348 - Rs 158,965
Total Pay	Rs 360,582 - Rs 884,324

[-] Software Engineer (98)

Salary	Rs 178,793 - Rs 627,002
Bonus	Rs 2,061 - Rs 254,466
Commission	Rs 462.64 - Rs 75,845
Profit Disbursement	Rs 1,296 - Rs 82,549
Total Pay	Rs 213,759 - Rs 639,533

[-] Systems Engineer, IT (68)

Salary	Rs 236,283 - Rs 457,742
Bonus	Rs 983 - Rs 43,200
Profit Disbursement	Rs 1,437 - Rs 98,784
Total Pay	Rs 255,910 - Rs 457,742

[-] Software Developer (64)

Salary	Rs 251,324 - Rs 517,003
Bonus	Rs 102.94 - Rs 101,367
Profit Disbursement	Rs 1,202 - Rs 156,130
Total Pay	Rs 253,122 - Rs 547,447

TCS bags $2.2 bn deal from UK based pension firm Friends Life

MUMBAI/BANGALORE: Tata Consultancy Services won its second-biggest outsourcing contract worth $2.2 billion on Wednesday from UKbased pension firm Friends Life, providing positive forecast for India's technology sector complaining of shrinking contracts and delays in decision making by top customers.

The contract, TCS' secondbiggest deal after the company won $2.8 billion order in 2008 from Citigroup, is based on a model wherein the company will be paid for each insurance transaction and will add another 3.2 million policies to the existing Diligenta platform owned by its UK subsidiary.

"According to our records, this is the largest private sector deal in the UK at least since 2005," said Ed Thomas, an analyst with UK-based outsourcing advisory Ovum. "And that it comes from the insurance sector that has been depressed since the beginning of the slowdown in 2008 makes it even more important."

With this contract, TCS will now manage some eight million policies in UK using the same platform, increasing the company's share of revenues earned without having to hire additional staff. Around 1,900 staff of Friends Life will get transferred to TCS' payroll as part of this transaction.

Domestic brokerage Motilal Oswal, estimates that revenues of Diligenta will increase by 86% from Rs772 crore in fiscal 2011 to Rs1,444 crore in fiscal 2013. As part of the deal, Diligenta will take on board about 1,900 employees of Friends Life, taking the subsidiary's total UK headcount to about 3,700.

"The deal implies $146 million incremental revenues on an annual basis. However contribution to earnings per share could be lower as Diligenta currently operates at a profit before tax of 3%," the Motilal Oswal note said. "Profit margins for Diligenta would improve with increasing volumes on the platform but margins are unlikely to be inline with the company average."

Shares of TCS rose 1.8% on the Bombay Stock Exchange to close at Rs1,123 on Wednesday after the afternoon announcement of the UK deal.

UK-based insurer Friends Life, which awarded the contract to TCS, is the second independent client that TCS' UK subsidiary Diligenta is signing on since its inception in 2006 following TCS' acquisition of insurance back-end operations of UK's Pearl Group – now Phoenix Group – in October 2005 of that year for an undisclosed sum.

"Our strong presence in the insurance segment, track record and the early investments in building products and platforms have contributed to this win," TCS chief executive N Chandrasekaran said in a statement on Wednesday, in an apparent reference to Pearl Group transaction of 2005 and the subsequent formation of Diligenta.

Newsweek’s Green Rankings 2011 global 500 list ,TCS ranked 7th

Know Your TCS

This will be useful when the company asks to describe about them

Tata Consultancy Service limited is the pioneer in IT Sector and provides different services like IT services,IT infrastructure service,Enterprise solutions,consulting,small scale and medium scale businesses,connected marketing solutions and softwares like TCS bancs which helps financial and banking industries and TCS technology products which helps to achieve greater efficiency for enterprises.TCS has offices in more than 40 countries with more than 140 branches accross the world with 174,000+employees.TCS has the largest R&D facility in Asia.
The Board of directors consist of Ratan Tata as the chairman and S.Ramadorai as Vice chairman and N Chandrashekharan as the CEO(Chief Executive Officer) and Managing Director.FC kohli was the first general manager and JRD Tata was the first chairman.TCS collected a revenue of 6.82 billion dollar with a profit of 1.28 billion dollar in the year 2010.TCS is listed in National Stock Exchange and Bombay Stock Exchange.TCS has centres in major cities across india such as Trivandrum,Ahmedabad,Bangalore,Chennai,Delhi,Mumbai,Hyderabad,Pune etc .The headquarters is located in Mumbai.

Achievements
Ranked 1 in DataQuest Magazines top 20 companies and engineering service
Ranked 2 in Wall Street Asias most admired company
Ranked 4 in IAOP's global outsourcing list
Listed in Forbes magazines fab50
CEO and MD N.Chandrashekharan was selected as best CEO by Finance Asia Magazine
Best Recruiting and staffing organization award