One of India’s biggest private employers, TCS, has announced that they will continue to work remotely even after the pandemic recedes. The company currently has more than 500,000 employees globally, and after having positive results with this virtual model, they are planning to continue working under a hybrid model.
Before the pandemic, thousands of companies worldwide had never considered working remotely. Such was the case of Tata Consultancy Services (TCS) that in its 40 years, had never managed virtual teams. In 2020, 96% of the company started working remotely due to the COVID-19 crisis, and as a consequence, they will continue implementing flexible arrangements to some extent.
TCS Flexible Policies
TCS has 500,000 employees in different parts of the world, and although the number is not precise, it is one of India’s biggest employers.
In 2020 after 3 weeks of lockdown in the country, 96% of the company’s staff started working from home. The company says the model has been so successful that they don’t want to return to its pre-pandemic structure.
TCS has a stock market value of $166 billion and has predicted that by 2025 no more than 25% of its employees will need to work from the office. The company highlighted that remote work boosts productivity by 25%. N. Ganapathy Subramaniam, TCS COO, told CNN:
Many of our employees feel that they have found a solution to their work-life balance. So, when you are happy, naturally, your productivity is better.Subramaniam
Despite having a rough remote work start in 2020, the company reported a 32% jump in net income in the first quarter of 2021 compared to last year. They even added nearly 60 clients and hired 45,000 people approximately.
Every commitment that we made to our customers was executed.Subramaniam
Infosys, TCS’s rival employer of 250,000, is also planning to switch to a hybrid model after the pandemic.