(Subject Name: Talent Acquisition, Retention, and Engagement)

Subject Code: PGH-31

Term- III

PGDM Batch 2022-24

Assignment – 01 Submission Date: 30 March 2023

Submitted by: Submitted to:

Name: Nupur Malhotra Dr. Yagbala Kapil

Admission No: PGDM22072

Section: A
Question - Identify any one organization and write an article after critically
analyzing its compensation structure (Benefits, insurance, attractive pay policies,
perks, incentives, etc.)

Introduction of the company

 Tata Consultancy Services is an IT services, consulting, and business solutions

organization that has been partnering with many of the world’s largest businesses in their
transformation journeys for over 50 years.
 TCS offers a consulting-led, cognitive-powered, integrated portfolio of business,
technology, and engineering services and solutions. This is delivered through its unique
Location Independent Agile delivery model, recognized as a benchmark of excellence in
software development.
 A part of the Tata group, India’s largest multinational business group, TCS has over
592,000 of the world’s best-trained consultants in 55 countries. The company generated
consolidated revenues of US $25.7 billion in the fiscal year that ended March 31, 2022
and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National
Stock Exchange) in India.

Compensation and Benefits

1. Basic Salary - The Basic Salary is standard across organizations and brought to a certain
value of the CTC. Basic salary has an impact on various other components such as the PF
contribution, medical insurance cover, Gratuity, HRA, etc., and hence has to be balanced so as
not to substantially reduce the employee's take-home salary.

2. Medical Checkup
The employment is subject to you being declared medically fit by the company doctor.
3. Training Program:
Training (classroom/on the job) sessions will be conducted after The joining. The training period
may be either extended or may be deemed completed earlier, at the discretion of the
Management. You shall continue to be under probation unless specifically confirmed in writing.
4. Increments and promotions
The growth in terms of role, compensation, etc. in the company will solely be based on
performance. Unless notified in writing, you will be deemed as "confirmed" on completion of
The probation period i.e. 12 months from the date of joining. Subsequently, the annual
performance appraisal and compensation review will be aligned and effected from the first day
of the subsequent quarter thereafter.
5. Notice Period/ Separation
The employment with the Company can also be terminated either by the Company or by you by
giving the other party 90 days’ advance notice. If the Company terminates the employment and
decides to relieve you before the completion of the notice period, the “Basic” component of the
salary for the balance notice period would be paid to you. If at The request, the Company agrees
to relieve you before serving the full notice period, you will be liable to pay the Company the
“Basic” component of the salary for the balance notice period. However, please note that
accepting any such early relieving request would be entirely at the discretion of the Company.
Further, the aforesaid requirement of 90 days’ notice may be extended, if mutually agreed by
you and the Company.
On termination of The employment for any reason, you shall comply with the Company’s
termination procedures, sign all documents and return all Company property. The Company will
not be bound to pay the dues, if any, till you have completed all the separation procedures.

Allowances

1. House Rent Allowance – The HRA will be 40% of the basic salary. It is mandatory that 5%
of the monthly basic pay will be allocated towards HRA.
2. Leave Travel Allowance- The employee will be eligible for an annual leave travel
allowance which is equivalent to a one-month basic salary. This will be disbursed on a
monthly basis along with the monthly salary.
3. Food Card – It is a voluntary benefit and is applicable for payments related to food and non-
alcoholic beverages only. Once enrolled, the benefit should be availed within TCS Cafeterias
or food joints outside the TCS campus which serve only food and non-alcoholic beverages.
This Food card cannot be used in any other outlet other than the designated food outlet.

Child Care & Parental Leave Benefits

 Family Medical Leave

 Flexible Work Schedule
  Health Insurance & Wellness Benefits
 Disability Insurance
 Flexible Spending Account (FSA)
 Health Insurance Benefits
 Life Insurance
 Vision Benefits
 Mental Health Benefits

Perks & Discounts

 Company Outings
 Professional Development Benefits

 Diversity Program
 Job Training & Conferences
 Retirement and Stock Option Benefits
 Company Equity
 Performance Bonus
 Vacation & Time Off Benefits

 Paid Volunteer Time

 Paid Holidays
 Paid Sick Days
 Sabbatical

TCS SALARY 2023 DATA

Job Title TCS Salary India Range TCS Salary Per Month

Systems Engineer, IT ₹241k – ₹591k ₹409,628

Software Engineer ₹242k – ₹865k ₹450,753

Software Engineer / Developer /

₹247k – ₹781k ₹442,564
Programmer
Information Technology (IT)
₹519k – ₹2m ₹1,163,090
Consultant

SAP Consultant ₹316k – ₹1m ₹691,352

Software Developer ₹230k – ₹931k ₹449,818

Business Analyst, IT ₹317k – ₹1m ₹693,752

TCS Salaries 2023:

Systems Engineer, IT

Salary Rs 285,649 – Rs 528,239

Bonus Rs 0.00 – Rs 134,472

Profit Disbursement Rs 0.00 – Rs 79,463

Total Pay Rs 294,452 – Rs 541,312

Software Engineer

Salary Rs 310,007 – Rs 815,121

Bonus Rs 0.00 – Rs 198,659

Profit Disbursement Rs 1,478 – Rs 63,308

Total TCS Salary Rs 311,408 – Rs 814,156

Senior Software Engineer

Salary Rs 459,594 – Rs 990,988

Bonus Rs 0.00 – Rs 98,870

Profit Disbursement Rs 4,010 – Rs 128,112

Total Pay Rs 464,088 – Rs 990,988

Software Developer

Salary Rs 244,168 – Rs 741,544

Bonus Rs 4,116 – Rs 94,867

Profit Disbursement Rs 859 – Rs 37,901

Total Pay Rs 244,168 – Rs 747,824

 C
ritical analysis of the organization

TCS Technologies is a leading global IT services company that offers a wide range of
information technology solutions and services to clients worldwide. As a company, TCS has
always believed in providing its employees with a competitive compensation structure that
includes attractive pay policies, benefits, insurance, perks, and incentives. In this article, we will
critically analyze the compensation structure of TCS and explore its various components.

Attractive Pay Policies:

TCS's pay structure is designed to attract and retain top talent in the industry. The company
offers competitive compensation packages to its employees based on their skills, experience, and
performance. TCS follows a performance-based pay policy, which means that employees are
rewarded for their contribution to the company's growth and success. Additionally, the company
also offers regular pay raises to its employees to ensure that their compensation remains
competitive with the industry standards.

Benefits:

TCS offers a comprehensive benefits package to its employees that include medical, dental,
vision, and life insurance. The company's health insurance plans cover a wide range of medical
expenses, including hospitalization, prescription drugs, and mental health services. The dental
and vision plans cover routine check-ups, preventive care, and major dental and vision
procedures. TCS also provides life insurance to its employees to help support their families in
case of an untimely death.

Perks:
TCS offers several perks to its employees to improve their work-life balance and make their
work environment more enjoyable. The company provides free meals and snacks to its
employees during working hours. TCS also offers on-site fitness centers, recreational facilities,
and wellness programs to encourage employees to stay healthy and active. The company also
offers flexible work schedules and remote work options to help employees balance their work
and personal life.

Incentives:

TCS offers several incentives to its employees to motivate them to perform at their best. The
company offers performance-based bonuses and stock options to employees who exceed their
performance targets. TCS also recognizes outstanding performers through its awards and
recognition programs, which include cash rewards, gifts, and public recognition.

Critique:

While TCS's compensation structure appears attractive on paper, some critics have pointed out a
few flaws. One of the criticisms of TCS's pay policies is that the company's compensation is
heavily dependent on performance. While performance-based pay can be motivating, it can also
create a culture of competition and pressure among employees. Additionally, some employees
have reported that the company's pay raises are not always consistent, and some employees
receive raises while others do not, even if their performance is similar.

Another criticism of TCS's compensation structure is that the benefits offered by the company
are not as comprehensive as those offered by some of its competitors. While the company offers
medical, dental, and vision insurance, some employees have reported that the coverage is not
always sufficient to cover their medical expenses.

Conclusion:

Overall, TCS's compensation structure appears competitive and attractive, with its attractive pay
policies, benefits, perks, and incentives. However, like any compensation structure, there are
always areas for improvement. TCS can consider addressing some of the criticisms by offering
more consistent pay raises and enhancing the coverage of its insurance plans. Nonetheless, TCS's
compensation structure remains one of the key reasons why the company has been able to attract
and retain top talent in the industry.