Major points from S Ramadorai's web cast...
(1) Salary head in TCS accounts for 50% of TCS' revenues. It is felt
that it is quite high as compared to the competition.
(2) Our EVA target for the last fiscal year (2002-03) was Rs. 1050
crores and we had not met the same
(3) CEO after discussing with senior people in TCS had taken a
decision to cut the Variable Allowance (VA) across all the levels.
Significant drops at senior levels (i.e. drop is high at senior
levels as compared to the
junior levels. There is no specific reference made to designations in
this context)
(4) Cost savings measures that are announced and are planned are
expected to save up to Rs. 87 crores.
(5) All the expenses shall be questioned at the relation****p level and
measures shall be taken to cut the costs
(6) A committee is formed to study on how to ensure that the best
performers are rewarded and are not loosing the rewards at the expense
of carrying poor performers.
(7) Promotions to senior position levels is purely based on
performance and not on number of years of experience.
(8) Customers are cutting the costs and there is tremendous pressure
from competition also
(9) We need to focus and comply with the cost savings measures
announced recently. The goal is to get the employee expenses under
control and keep it at the levels of 45%
(10) Avoid SWON activities unless approved by the Cor****ate
(11) Utilization is the Key. All individuals will be measured against
their utilization
(12) TCS will be focusing on the following during the current year and
in the near future:
(a) Revenue growth Competition growth
(b) Compliance to Cor****ate initiated programs like iQMS,
PCMM,TBEM, Ultimatix
(c) Meeting EVA Targets (no specific reference made to what the
EVA target for the current year is going to be)
Links:
http://www.business-standard.com/today/story.asp?Menu=2&story=20062http://www.tcs.com
