TCS to aid in outplacement of laid-off employees

The employees of Tata Consultancy Services (TCS), who would be the victims of the company's recent announcement of massive layoff, may find some relief as the firm plans to help them in outplacement. The company had said that it will be slashing around 1,300 employees or one percent of its workforce across its global centers.

The software giant will aid in outplacement, counseling and alternate positions in subsidiaries if available and it has also tied up with a few placement agencies across the country. It has already sacked around 100 employees in Chennai in the last two weeks.

"Recruitment of experienced professionals has been frozen unless these are approved by the respective business heads for project-specific skills. Wherever possible, we look to retain experienced professionals within the company to take on these roles," Ajoy Mukherjee, Vice President and Head, Global HR, TCS told Times of India via mail.

The company has also specified operating units to raise the performance bar and utilize resources in the most effective manner. The process for undertaking this is a detailed one and will result in some involuntary attrition. The e-mail comes in the wake of the company's Managing Director S Ramadorai admitting that the firm had lost a few clients in recent times. He has already hinted that the company might do away with employee variable pay this year, which accounts for 20 to 35 percent of salaries.