TCS' incentive to get candidates under 30 days
₹15.2 trillion (market cap) Tata Consultancy Services offers vendors ₹40,000 per candidate over and above their fees, for senior candidates who join in less than 30 days. The urgency to get experienced employees is a sign that markets are probably opening up for the IT services firm. "Incentives will be paid over and above the rate card for the assigned skill and job code.....with experience range of 10-15 years....The overall paid amount (Base rate and incentive) will be recoverable if the candidate leaves the organization in 180 days," said a mail sent to some of the TCS vendors in March seen by Mint.
A few of the skills required by TCS, as per the email, include proficiency in Microsoft Teams, and Microsoft 365 tools such as OneDrive, Word, PowerPoint and Outlook. TCS is also on the lookout for skills in Endpoint and SharePoint, which allow users to create, manage and publish content on a website. “While incentives were offered in 2022 during the hiring frenzy, last year was subdued," said a TCS vendor who received the email.
“This year, these additional perks to vendors indicate that the IT services firms are expecting new mandates for which they need experienced employees to implement projects." TCS declined to comment. Typically, a vendor gets 8-12% of the annual compensation that a candidate earns for permanent recruitments. For those on staffing or contract (not on payrolls), vendors get paid at a flat rate.
According to recruiters, candidates with experience levels of 10-15 years draw annual salaries upwards of ₹30 lakh. Analysts tracking the sector note the preference for experienced employees over fresh hires. “TCS has a robust deal pipeline and they are hiring mid- to senior-level talent with 10 years of
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