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Tata Consultancy Services paid over Rs 1 crore in salary to 91 India-based employees in fiscal 2017 way ahead of rivals Infosys and Wipro. As for competitors, Wipro paid 61 employees over Rs 1 crore, while Infosys paid 51 execs over a crore in salaries. Of the 91 TCS employees, 22 have been with the company throughout their careers, while 13 joined this year. Former TCS Chief Executive Officer (CEO) Mr. N Chandrasekaran, currently Chairman of Tata Sons, was recruited through a campus placement in 1987. Top TCS life timers include TCS’ human resources head Mr. Ajoyendra Mukherjee, who has a gross salary of Rs 4.65 crore. The head of retail, consumer products, transport and hospitality Mr. Pratik Pal earned Rs 3.44 crore. Debashis Ghosh, head of manufacturing, life sciences, and energy, earned Rs 3.29 crore. It must, however, be noted that TCS has over 380,000 employee as against 200,000 at Infosys and over 180,000 at Wipro.

Source : Moneycontrol.com  

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The suspense for central government employees over recommendations to 7th Central Pay Commission (CPC) could be over soon, as some union leaders may meet senior government officials soon. The meeting could offer an update on the recommendations related to allowance structure. Even though similar reports of a meeting were doing the rounds, the Finance Ministry or any of the government officials did not provide any confirmation. The 7th pay commission's review committee on recommendations had submitted its report to Finance Minister Mr. Arun Jaitley on April 27. Ever since the submission of the report, the central government employees have been eagerly waiting for an update from the Finance Ministry. The Committee of Allowances was formed under Finance Secretary Mr. Ashok Lavasa to examine the 7th pay commission recommendations on allowances, as passed by the Union Cabinet on June 26, 2016. This was in light of the extensive changes to the allowance structure recommended by the CPC and numerous representations received from central government employees and member of staff. The 7th CPC had recommended that 52 allowances be abolished altogether and 36 be subsumed in other allowances, out of a total of 196 allowances. The changes effected under the 7th pay commission will benefit 47 lakh central government employees presently working across the country.

Source :  Businesstoday.com  


Infosys, the second largest information technology (IT) services firm in the country, will maintain its annual campus hiring at 20,000 this year, but is looking at engineers with new skills such as digital and analytics. IT firms in the country have witnessed technology and business shifts in the past few years. Clients are now spending more on digital, Cloud and analytics. Maintenance and testing — services usually performed by freshers — are also getting automated. This has prompted Infosys and its peers to look for new skills when they hire. The Bengaluru-headquartered company will begin its annual campus hiring in September, an Infosys spokesperson said. The placement process at engineering colleges goes on till February. IT companies hire in the third and fourth quarters and absorb the new work force in phases. “Hiring at Infosys has always been driven by business. Over the years, we have only increased the spread of roles we offer on campuses. The IT industry is witnessing a change in hiring patterns with unconventional, high-value graduates with differential skills likely to be more attractive,” said the Infosys spokesperson. The National Association of Software and Services Companies said the focus of the IT services sector was “shifting from scale to skill”. College administrations, however, report they have hardly witnessed any change. Mr. M K Panduranga Setty, president of the trust of Bengaluru-based R V College of Engineering, said, “So far, we have not seen any impact in terms of jobs. About 95 per cent of students in the final year have already got jobs. For the next year, we will have to wait and watch how the companies react to recent shifts in the sector.” Earlier this month, Infosys announced it would hire 10,000 in the US over the next two years and open four new technology and innovation hubs across the US. These would focus on artificial intelligence, machine learning, user experience, emerging digital technologies, Cloud, and big data.

Source : Business-standard.com  

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