Chapter 1&2 (PMS)
Chapter 1&2 (PMS)
Management System
WITH RESPECT TO TCS
Introduction:
Over the past decade, the Information Technology (IT) industry has become one of the
fastest growing industries in India because of which it has caught world attention. Indian
IT-ITES industry grew at a rate of 33 % in FY2008. India is now being identified as
powerhouse for incremental development of computer software. It has grown from USD 4
billion industry to USD 58.8 billion industry in FY2008-09 employing over 2 million
people. IT-BPO Industry has become growth engine for the economy contributing
substantially to increases in GDP, urban employment and exports to achieve vision of
'young and resilient India'. Although domestic market is growing in India but still the major
propellers of growth are exports. The key segments that have contributed significantly to
industry's exports include-Software and services (IT services) and IT enabled services. In
the face of current recession though the mood is that of cautious optimism but Industry is
expected to witness sustainable growth over period of two years. But at the same time while
industry has significant headroom for growth ,as the competition is increasing with China
emerging as major threat ,all the stakeholders of Indian IT industry must give concentrated
efforts to ensure that India realizes its potential and maintains its leadership position in
future also.
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Tata Consultancy Services (TCS) is an Indian multinational technology company that
specializes in information technology (IT) services and consulting, headquartered in
Mumbai, Maharastra , India .and has its largest workforce based in Chennai, Tamilnadu
,India. As of February 2021 TCS is largest company in the IT sector in the world by Market
capitalization of $169.2 billion. It is a subsidiary of the Tata Group and operates in 149
locations across 46 countries.
TCS is the second largest Indian company by Market capitalization. Tata consultancy
services is now placed among the most valuable IT services brands worldwide. In 2015,
TCS was ranked 64th overall in the Forbes World's Most Innovative Companies ranking,
making it both the highest-ranked IT services company and the top Indian company. As of
2018, it is ranked eleventh on the Fortune India 500 list. In April 2018, TCS became the
first Indian IT company to reach $100 billion in market capitalization, and second Indian
company ever (after Reliance Industries achieved it in 2007). After its market capitalization
stood at ₹6,79,332.81 crore ($102.6 billion) on the Bombay Stock Exchange.
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Need for the study :
In the era of cut throat competition and globalization, organizations have realized the
importance of strategic HR practices for gaining a competitive edge over the competitors.
A well designed performance management system can play a crucial role in streamlining
the activities of the employees in an organization for realizing the ultimate corporate
mission and vision. Performance management is a useful tool for aligning all the major
organizational functions and sub functions so that the focus is directed towards attainment
of the organizational goal. Performance management is a much broader system as it is
linked with the processes of planning, implementing, reviewing and evaluating, for
augmenting growth and productivity at both the individual and organizational level. By
clearly defining both individual and team based responsibilities in the form of KRA’s as
well as by creating an understanding of shared mutual accountabilities, a good performance
management system enables, empowers and facilitates the development of staff members
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METHODOLOGY OF THE STUDY:
The project "A Study on drivers of employee engagement with reference to selected health
care firm has been carried out based on the following methodology to draw valid finding
and offer suitable suggestions.
Secondary Research:
Secondary research or desk research is a research method that involves using already
existing data. Existing data is summarized and collated to increase the overall effectiveness
of research.
Websites have a lot of information that businesses or organizations can use to suit their
research needs.
2. Government and nongovernment agencies: Data for secondary research can also be
collected from some government and non-government agencies.
3. Public libraries:. Public libraries have copies of important research that were conducted
earlier. More often, libraries have a huge collection of government publications with
market statistics, large collection of business directories and newsletters.
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Secondary research framework:
Whilst desk research is a very useful tool, it does have its limitations, in particular:
Desk research is limited to what is available and may therefore, only provide partial
answers, either in terms of the precision or the timeliness of information.
Information availability and quality can vary considerably by industry and
geography.
Information can be hard to find and often require a lot of effort before a ‘gold
nugget’ is found.
Public information, so we need to be aware of any potential bias.
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FRAMEWORK OF THE STUDY:
Chapter I:
The first chapter consists of introduction, need, objectives, methodology, limitations of the
study and the frame work.
Chapter II:
This chapter mainly deals with IT Sector and company of TCS In the profile a detailed
study is made to understand the overall IT Sector scenario in Indian context. In the profile
the overview process and main dept’s were carefully studied.
Chapter III:
Third chapter deals with the conceptual Frame work of Talent acquisition and Retention
towards Employee satisfaction. Literature review by collecting various articles published
by reviewing the literature the concept is better understand needs, and the articles, reported
journals both national and international.
Chapter IV:
This chapter consists of Analyzing and collection of data with diagrammatic representation
in TCS
Chapter V:
The fifth chapter consists of findings and suggestions based on analysis and a detailed
summary of the study is also presented.
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PROFILE OF THE INDUSTRY
India's IT Services industry was born in Mumbai in 1967 with the creation of Tata
Consultancy Services who in 1977 partnered with Burroughs which began India's export
of IT services. The first software export zone, SEEPZ – the precursor to the modern-day
IT park – was established in Mumbai in 1973. More than 80 percent of the country's
software exports were from SEEPZ in the 1980s.
Within 90 days of its establishment, the Task Force produced an extensive background
report on the state of technology in India and an IT Action Plan with 108 recommendations.
The Task Force could act quickly because it built upon the experience and frustrations of
state governments, central government agencies, universities, and the software industry.
Much of what it proposed was also consistent with the thinking and recommendations of
international bodies like the World Trade Organization (WTO), International
Telecommunications Union (ITU), and World Bank. In addition, the Task Force
incorporated the experiences of Singapore and other nations, which implemented similar
programs. It was less a task of invention than of sparking action on a consensus that had
already evolved within the networking community and government.
Tidel Park in Chennai was the Largest IT Park in Asia when it was opened in 1999.
Regulated VSAT links became visible in 1994. Desai (2006) describes the steps taken to
relax regulations on linking in 1991:
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In 1991 the Department of Electronics broke this impasse, creating a corporation called
Software Technology Parks of India (STPI) that, being owned by the government, could
provide VSAT communications without breaching its monopoly. STPI set up software
technology parks in different cities, each of which provided satellite links to be used by
firms; the local link was a wireless radio link. In 1993 the government began to allow
individual companies their own dedicated links, which allowed work done in India to be
transmitted abroad directly. Indian firms soon convinced their American customers that a
satellite link was as reliable as a team of programmers working in the clients’ office.
A joint EU-India group of scholars was formed on 23 November 2001 to further promote
joint research and development. On 25 June 2002, India and the European Union agreed to
bilateral cooperation in the field of science and technology. From 2017, India holds a
Associate Member State status at CERN, while a joint India-EU Software Education and
Development Center will be located n Bangalore.
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store, exchange and leverage information in its various forms to accomplish
any number of business objectives. Additionally, the term encompasses the
workers that develop, implement, maintain and utilize information technology
directly and indirectly. Examples of the Key Elements of the IT Definition IT
Hardware: computers, tablets, mobile phones, printers, servers, etc. Software:
productivity applications, network applications, security applications, etc. IT
Services: integration, maintenance, repair, application development, managed
services, etc. IT Infrastructure: the Internet backbone, fiber optic networks,
data centers, etc. Information: data, documents, voice video and images, etc.
Business Objectives: communication, collaboration, efficiency, insight,
production, commerce.
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because of two reasons. First, the export of software was dependent on the
imports of hardware and the procedural aspects ware too cumbersome.
Second, there were no proper infrastructural facilities for software
development. In order to encourage more participants in this sector, it was
mandatory to reduce import duty and to simplify import and export procedure.
To overcome the above problem, a new software policy was formulated.
According to this policy, the import procedure was simplified and the import
duty for import on hardware for software developers was reduced. In 1986,
the government took some Information Technology [IT] Life Sciences
Advanced Manufacturing Energy & Enviromental Sciences Advanced
Materials Idrish Allad/ International Journal for Research in Management and
Pharmacy Vol. 4, Issue 2, Feb.-March: 2015 (IJRMP) ISSN: 2320-0901 12
Online International, Reviewed & Indexed Monthly Journal www.raijmr.com
RET Academy for International Journals of Multidisciplinary Research
(RAIJMR) healthy corrective steps to develop IT sector. As a result, Indian
Government software policy and liberalized the IT According to this policy,
the imports of hardware were de-licensed and were also made duty free for
exporters. This policy has reduced a number of entry barriers making the
growth in this sector inevitable. Stage 3 1990 to 2000: This period has
witnessed intensified competition in the IT sector. During this stage, there
were some significant changes in Indian economy, including trade
liberalization, relaxation in the entry barriers, opening up of Indian economy
for foreign investments and devaluation of rupee. Due to the liberalization, a
flow of foreign investments was come in India and MNCs in India were
introduced. “Offshore Model”, “Onsite Model” and “Global Delivery Model
(GDM) were also introduced as part of their distinguished services. Stage 4
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Post 2000: The global problems like Y2K, the dotcom crash and the recession
in the US economy has forced many US firms to utilize the services of the
Indian firms. This has resulted in placing the Indian IT industry on the global
map. Post 2002-2003, the industry had registered a robust growth rate. During
this stage, there was in increase in the Indian client base, large sized contracted
and a strong global delivery model.
Future Threats:
Poor Infrastructure
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Note: GDP figures are at market prices.
The IT has potential to raise the long-term growth prospects through increased
productivity in almost every sector of the economy. The information
technology can play a major role in overall economic development of the
country. India has a comparative advantage in the global IT sector at least in
terms of cost. With large pool of workers having software and language skills,
it is in a position to move toward producing higher value-added goods and
services. In fact, it has just started to move towards higher value added goods
and services. IT service companies have included new service lines such as
package software implementation, system integration, R&D engineering and
remote network management whereas, ITES-BPO companies have started
offering more complex services such as financial research and analytics,
actuarial modeling and corporate and business research. The availability of
large number of workers with a combination of engineering and managerial
skills will definitely be helpful to move towards higher value-added goods
and services. There are strong complementarities between IT and rest of the
economy. IT can enhance the productivity and efficiency in other industries.
It can improve efficiency in areas such as accounting, procurement, inventory
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management, and production and operations management. Moreover, IT
implementation may increase the productivity and/or quality more than that is
feasible otherwise. The use of IT in rural banking and micro-finance may
enhance efficiency in informal sector and can impact broader cross-section of
population. Information access to farmers could benefit agriculture sector as
well. Farmers can receive weather forecasts, market price quotes, advice on
farming practice, offers to buy and sell livestock, and specific trainings. Even
basic education could be enhanced in rural areas by the use of IT. The IT
sector is one of the largest employers of women, and therefore, can play a
crucial role in women empowerment and the reduction of gender inequalities.
The sector provides flexibility to its employee of operating from home and in
working time, which enables women to carry on with jobs with family life.
From the analysis, it is clear that the IT has potential of not only accelerating
the growth in the Indian economy but also promoting the broad based
economic development.
For the purpose of discussion, the growth and evolution of the industry can be
viewed in three broad phases:
For the two decades in this period, the software sector was largely comprised
of firms looking to provide software services to global clients. The focus was
on exports, and most companies viewed themselves as software exporters.
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The companies started solving Y2K issues for their customers and further
extended their offerings to help companies manage their legacy portfolio of
applications and infrastructure. The first wave of the global Internet and dot-
com era created intercontinental Internet infrastructure. Indian companies
were able to leverage this infrastructure to deliver software development-
related services to global enterprises remotely.
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automotive, and industrial are the top industries present, with R&D being a
strong focal point. Enterprises across industries such as banking, retail, and
healthcare also started driving digital engineering work from their India
development centers.
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Figure 2. The rise of unicorns in India.
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Circa 2011 to present: Vibrant and innovation-driven multi-
dimensional sector.
The Indian software ecosystem has now evolved into an extremely dynamic
and varied sector that is building and managing the most complex IT systems
for global enterprises. The combination of available talent, lower rates of brain
drain to the U.S., the presence of large technology companies' R&D centers,
and the presence of global venture capitalists has helped accelerate the growth
of the start-up ecosystem. India, today, has over 7,000 start-ups (started less
than five years ago), and over 1,200 technology start-ups were established in
just the last year.
There are largely two types of technology start-ups. The first are consumer-
led and largely focused on the India market. Initially these were replicas of
U.S. companies, but soon morphed with unique innovations for the India
market. For example, the cash on delivery model in e-commerce was
pioneered in India and is now used globally. The second set of startups are
focused on serving the U.S. and European markets.
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ups and are actively looking at acquisitions, both for talent and intellectual
property.
Growth in exports: In terms of revenue and foreign exchange, this sector has
transformed India's finances, and is effectively financing a large share of
imports. The sector is currently the largest forex earner from exports and
accounts for over 25% of the country's total exports. The sector is already
contributing over 7.9% to India's GDP.
Capability development and employment creation: No other industry
segment has generated as many jobs for the middle class. The sector directly
employs over four million people and indirectly supports an additional 12
million jobs. The industry was also a major trigger for the government to push
for an increase in output of engineering colleges to over 700,000 graduates a
year.
Companies have also set up processes to hire, train, and engage thousands of
employees. In fact, Indian IT services companies spend over US$1.6 billion a
year on employee training. Large technology companies have set up campuses
exclusively focused on training their employees on skills relevant to their
global customers. Over 500,000 engineers in India are already equipped with
relevant digital skills to drive digital transformation. Future Skills, an
initiative of the National Association of Software and Services Companies
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(NASSCOM), has an ambitious goal of training another two million people in
digital technologies over the next few years.
The extensive engineering education system and the deployed talent pool in
the IT industry are also helping improve the digital capabilities of Indian
enterprises. The technical and managerial talent from IT companies have
moved to Indian enterprises to help them accelerate their digital
transformation initiatives.
Start-ups such as Flipkart, Ola, and Swiggy have helped create or digitally
enable millions of jobs such as cab drivers and e-commerce/food delivery
professionals. These companies are also empowering the country's 60 million
small and medium businesses by digitally enabling their operations. Start-ups
such as Power2SME and Capital Float are offering innovative financial
services for SMBs, including "flow-based lending;" a lending model that
provides credit to SMBs based on an analysis of their financial transactions,
thereby improving SMBs' ability to invest and grow their businesses.
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Digital infrastructure: Within a span of about a decade, Indian IT companies
have taken several services being provided to citizens and corporations and
moved them online. Most of these systems have been developed by
indigenous IT companies, and many are also maintained and managed by
them. Examples include the Ministry of Corporate Affairs system for
corporate tax filing, the income tax management system, including e-filing of
tax returns, the entire India Stack digital infrastructure, the Goods and
Services Tax system, the passport system, the Indian rail reservation system
(that books over 200 million tickets annually), the Aadhaar unique
identification infrastructure the largest in the world (whose chief
conceptualizer and first CEO, Nandan Nilekani, is a product of the IT
industry), and others.
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Figure 4. Global impact of Indian software sector.
India's global perception. Finally, it should be noted the software sector has
perhaps played the most crucial role in changing the global perception of
India. Until the 1980s, India was perceived as a poor country that needed
support from more developed nations. Today, this view has changed, and
India now has a seat at the global table. The world is aware of India's
technology prowess and is actively looking to make investments, form
partnerships, and tap India's bustling technology ecosystem. Frequent foreign
travelers can attest to the fact that the quality of interaction with local people
has evolved dramatically over the last quarter century due to the IT industry's
widespread impact.
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COMPANY PROFILE
INTRODUCTION:
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TCS is one of the largest employers of women with 35.3% of women
employees.
TCS became the first Indian IT company to reach $100 billion market
capitalization with a value of $102.6 billion in Bombay Stock Exchange and
a second Indian company ever after the Reliance industries that achieved the
same in 2007.
TCS is ranked 10th on the Fortune India 500 list in 2018.
It is the world's 9th largest IT service provider by revenue.
TCS is ranked 64th overall in Forbes World's most innovative company
ranking, making it the highest-ranked IT services company ever.
In the latest, TCS, the biggest software services company, has added 12,000
jobs in the first quarter of 2019 and sent offer letters to 30,000 fresh graduates
building the employment level in the country
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TAGLINE OF THE COMPANY
Experience Certainty.
GEOGRAPHICAL PRESENCE
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TCS Branches in India
Jaipur
Chennai
Ahmedabad
Baroda
Mysore
Hyderabad
Pune
New Delhi
Gurgaon
Mumbai
Lucknow
Nagpur
“Best Block chain Breakthrough of the Year” at the 2019 FTF News
Technology Innovation Awards.
Artificial Intelligence Excellence Award in the Self-Awareness category,
2019.
TCS New York City Marathon App won the Media Post Appy Award.
World Intellectual Property Organization’s (WIPO’s) IP Enterprise Trophy.
America’s Most Community-Minded Information Technology Company.
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Fastest Growing Brand of the Decade in IT Services globally by Brand
Finance.
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recent blog for TCS iON CCQT Test Pattern. To be crisp and precise, TCS
has DEMOCRATIZED recruitment for talent to identify themselves in front
of corporates. And it is not just us who feels this way! To be straightforward,
“Don’t miss your CCQT: a chance to get placed with the best”
Alongside all the companies that fall under the TATA group (as in TATA
AIG, TCS, TATA AIA, Trent, TATA Power, etc), qualifying in this exam
provides freshers an opportunity to seek employment opportunity with
companies like Kotak Mahindra, Bajaj, Go Air, RBL Bank, JSW, Asian
Paints, and this is just the beginning! The interesting part with this exam is
that there is more than a fair opportunity for aspirants to land in dream jobs...
in favorite companies or better, start in a career path of their choice. The
optional domain specific section, where students can attempt up to two of the
three domains: IT/Mechanical/Civil Engineering, is itself proof of companies
testing candidates on pure talent and inducing them into their recruitment
processes. Because of the high culture-fit and the talent recognition
opportunity associated with the exam, it must be successfully aced with ease
and then, all we would be looking at is one good interview! Join our sessions
on “TCS iON Qualifier: CCQT” at Conduira Online, and get coached by our
learned faculty through interactive, live prep sessions, great practice
resources, continual assessment and improvisation, and pedagogy.
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Tata Consultancy Services (TCS) – Experience certainty
2020 In December 2020, TCS was ranked number one for customer
satisfaction in Germany in the White lane Research 2020 IT
Sourcing Study, Europe’s largest independent survey of IT
service providers.
In December 2020, TCS expanded its business operations in
Austin, Texas, with the construction of a new facility. By 2022,
TCS plans to hire an additional 130 employees in Austin. Over
the next seven years, TCS plans to invest more than US$ 100
million in Austin.
On September 21, 2020, Tata Consultancy Services won two
Gold and one Sliver award for Talent Management and
Excellence in Learning at the 2020 Brandon Hall Group
Awards.
TCS iON partnered with National Skill Development
Corporation (NSDC) to provide vocational skills training in
online mode for millions of students across the country
In May 2020, TCS iON launched platform for students to find
virtual internships
TCS won US$ 1.5 billion deal across a 10-year period from US
pharma retailer Walgreens Boots Alliance (WBA)
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2019 Introduced its Artificial Intelligence (AI)-driven Command
Centre in Chennai
2018 Ranked among the top three most valuable brands in the global
IT services sector
Became the first Indian IT company to cross US$ 100 billion in
market capitalisation
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2015 Cloud Platforms (iON assessments, financial inclusion, HR,
financial accounting, TAP™, procurement, and analytics)
crossed the US$ 100 million revenue mark.
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1989 Signed a US$ 10 million deal with the Swiss Securities Clearing
Corporation (SEGA)
1988 Forayed into the packaged software market in India with the
Master key suite
1976 Crossed US$ 1 million mark in export revenues, winning the top
exporter award from the Engineering Export Promotion Council
in 1976-77
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