SCHEME - VERSION 4.0 IS RELEASED FOR USE IN TATA CONSULTANCY SERVICES(TCS) WITH EFFECT FROM 01 DECEMBER 2011.
BRING IN A COMPETITIVE ENVIRONMENT WHERE
YOUR TALENTED PROFILES ARE REQUIRED, THERE IS A NEED FOR INNOVATIVE STRATEGIES TO ATTRACT SUCH PROFILES. AS PART OF A
BUDDY COMPREHENSIVE RECRUITMENT STRATEGY, TCS ENCOURAGES ITS OWN EMPLOYEES TO REFER POTENTIAL CANDIDATES FOR OPEN Version 4.0 REQUIREMENTS APPLICABILITY
This scheme is applicable to :
All employees of TCS India, including those who are currently on international deputation outside India and continue to be on India payroll.
Note: Employees on long term deputation to Australia and China who fulfil the eligibility criteria as per thepolicy and who refer candidates under the India BYB Scheme will get the referral reward through thehome country payroll at the end of the assignment once they report back to the home country This scheme is not applicable to :
• Employees in grade C5 and above or equivalent grades can refer but are not eligible for thereward amounts defined under the scheme
Note: The grade of referrer at the time of profile creation in Global Recruitment System (GRS) would betaken in to consideration to determine eligibility of reward.
• Human Resource Function (for example, TAG, RMG and so on) can refer but are not eligible for the reward amounts defined under the scheme.
• AIESEC Trainees and Project interns can refer but are not eligible for the reward amountsdefined under the scheme.
• Contract consultants, agency temporary workers, or other third party employees
working with TCS can refer but are not eligible for the reward amounts defined under Purpose
The purpose of Bring Your Buddy (BYB) program is to
reward employees for referring qualified candidates who subsequently are hired. TCS provides the referring employees a cash bonus for each successful referral made, in accordance with the provisions stated in this policy Provisions 1. Eligibility of candidate reffered Note: This BYB scheme is applicable for referrals made for Computer Consultancy Department only.This is not applicable to referrals in the BPO positions
• To qualify to be referred under the scheme, the candidate should have any of the followingqualification/s:
ii. CA / ICWA / MBA iii. Commerce / Humanities / Management iv. PGDIT (2 years full time and Approved by AICTE) v. B.Sc. / BCA / Diploma holders with 3.5 / 4 years of relevant functional / technicalexperience • The applicant should have minimum 3 years of relevant experience. Freshers are not eligible to be referred under the scheme.
• The applicant should not have attended a TCS interview in the last 6 months.
• In case of referral of an Ex TCSer, a minimum of 6 months should have lapsed since
theapplicant’s date of separation
Note:In the event that the referred candidate does not meet the eligibility criteria mentioned above, but is selected , the referrer will not be eligible for the reward. Receipt of the reward, is subject to the buddy strictly meeting the eligibility criteria.
2. Refferal reward In case a published BYB position qualifies for a reward, the TCS employee is eligible for the followingon the basis of the Grade at which the buddy joins TCS C1. System engineer C2. IT Analyst C3A. Assistant consultant C3B. Associate consultant C4. Consultant C5. Senior consultant SP1. Principal consultant SP2. VP, Executive VP Procedure 1. Refferer to create buddy's profile • The TCS employee needs to refer the buddy through the following path:
Ultimatix HR & Talent Management Recruitment GRS. Referrer Home
Create Buddy profile
• Details of the buddy should be provided under 'create buddy profile'
• upon submission of profile ,an EPIR number is generated
Note: In case of refferal of ExTCSer,the refferal will have to connect with
Branch TAG team to take the refferal process forward. 2. Ask buddy to confirm profile
• The buddy will receive an email with credentials to log-in to www.carrers.tcs.com
• The buddy needs to log in to www.carrers.tcs.com ( using the EPIR number
and password mailed to the buddy) and confirm the profile.
3. Ask the buddy to upload resume
Post confirmation of profile,the buddy needs to fill the online application
form and upload the resume
Note: The above 3 steps are mandatory. The buddy will need to mandatorily carry the EPIR number to enter the selection process tphrough BYB scheme 4. Reward payment Tcs employee would receive the reward money under the scheme if the Buddy has formally cleared the selection process, accepted the assignment and spent a stipulated period in TCS
• If the buddy is in grade C1 or C2, 100% of the reward payout will be as listed below:
i. If the buddy’s Date Of Joining (DOJ) is between 1st – 13th of a particular month, payment will be made in the 4th subsequent month’s payroll from the DOJ of the buddy.
ii. If the buddy’s DOJ is within 14th – 30th of a particular month, payment will be made in the 5th subsequent month’s payroll from the DOJ of the buddy • If the buddy is in grade C3A and above,60% of the reward payout would be provided as follows: i. Part 1 reward(60%) - If the buddy’s Date Of Joining (DOJ) is between 1st – 13th of a particular month, payment will be made in the 4th subsequent month’s payroll from the DOJ of the buddy. - If the buddy’s DOJ is within 14th – 30th of a particular month, payment will be made in the 5th subsequent month’s payroll from the DOJ of the buddy
ii. Part 2 reward (40%)
- If the buddy’s DOJ is within 14th – 30th of a particular month, payment will be made in the 8th subsequent month’s payroll from the DOJ of the buddy
- If the buddy’s Date Of Joining (DOJ) is between 1st – 13th of a particular month, payment will be made in the 7th subsequent month’s payroll from the DOJ of the buddy. Thank you
SHRM-CP Exam Study Guide: Review Book with 268 Practice Questions and Detailed Answer Explanations for the Society for Human Resource Management Certified Professional Exam
SHRM-CP Exam Study Guide: Review Book with 268 Practice Questions and Detailed Answer Explanations for the Society for Human Resource Management Certified Professional Exam
