Moonlighting: TCS Will Create A Platform For Internal Concerts
Moonlighting : TCS Will Create A Platform For Internal Concerts : Could Be Extended To Outside Labor Later
Bangalore: Amid concerns about moonlighting, India’s largest IT services company, Tata Consultancy Services (TCS), may soon unveil a platform for internal “gigs.” While the platform is currently in the early stages, its reach could be extended to the external workforce at a later date.
Moonlighting : TCS Will Create A Platform For Internal Concerts
Moonlighting : TCS Will Create A Platform For Internal Concerts : The plan to set up such a platform assumes greater importance as the $227 billion IT industry grapples with the problem of moonlighting, the practice of holding a second job or taking on additional tasks on top of your main office job. .
TCS is starting some proofs of concept (PoCs) on gig models, but it relies on its own internal engagement and does not involve any engagement with clients, Milind Lakkad, director of human resources at TCS, told the Economic Times in an interview.
“We have a set of activities that can be outsourced and distributed to interested people. The reward mechanism (for the gig) doesn’t have to be (monetary) compensation, but definitely something that recognizes people,” he shared, adding that they see a long-term model where this will be used even for the workforce. external.
This comes a few days after another IT major, Infosys, said it had a platform called “Accelerate” to help employees work on temporary projects within the company in addition to their main projects. While the company is not in favor of moonlighting, the internal platform, Accelerate, allows employees to do temporary work for internal projects. It received nearly 4,000 requests each quarter.
Meanwhile, Lakkad also touched on high churn rates and expects it to cool down in the next 3-4 quarters. Attrition figures for TCS have broken the 20 percent mark to 21.5 percent in the second quarter compared to 19.7 percent in the previous quarter.
The company expects attrition to level off as rookies hired aggressively over the past year have reached a certain level of maturity in the system.