Recently, Tata Consultancy Services (TCS), one of the largest software companies in India, announced a one-time bonus to employees. The bonus payment is estimated to cost the company around Rs 2,628 crore. TCS is paying this as a special reward to the employees to mark the 10th anniversary of the company’s initial public offering.
Anybody who has completed more than one year of service with TCS is eligible for this bonus and the company is giving one week’s salary for every year of service completed at TCS. I am sure the TCS employees have every reason to cheer and I am glad to see big companies like TCS acknowledging the contributions of the employees and appreciating it in the form of such special rewards.