New Delhi: To speed up the onboarding of seasoned workers, Tata Consultancy Services (TCS) has started a new incentive-based hiring program. The program, called the Quick Joiner Incentive Plan, gives vendors a bonus of Rs 40,000 per candidate if top professionals join the company within 30 days after accepting an offer.
However, if the individual departs within six months, the incentive is refundable in order to guarantee quality and retention. This conditional clause supports TCS‘s endeavors to provide steady, long-term personnel first priority, particularly in the face of a competitive tech talent market.
The company’s fast growth and recent billion-dollar contracts, like its outsourcing agreement with British insurer Aviva, are reflected in TCS’s new strategy. In keeping with the broader trend in the IT sector toward specialised talent, the company is expanding its workforce, giving precedence to lateral recruits over fresh graduates.
Efficiency and responsibility in the employment process are intended to be rewarded by the incentive structure:
- Paid in addition to regular recruitment fees
- Refunded if the candidate leaves within six months
- Rs 40,000 incentive per senior post filled within 30 days
Both TCS and its recruitment partners benefit from this arrangement, which guarantees quicker response and links vendor payouts to applicant retention. TCS is establishing a standard for time-sensitive hiring in India’s IT services industry with this program.
