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PIONEERING WAYS-TATA CONSULTANCY SERVICES (reported a lower attrition rate as compared to other software companies).

Asia Africa Intelligence Wire

| December 08, 2002 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From India Business Insight)

Tata Consultancy Services (TCS) of the Tata Group reported a lower attrition rate as compared to other software companies. TCS does not offer an employee stock option plan (ESOP) like most companies do. Instead, it offers performance-linked bonus and economic value added (EVA) system that emphasises on value creation and meeting set targets. Under this scheme, TCS does not pay the employee the entire sum earned under bonus all at once. A portion of the total incentive for the year is…

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