Tata Consultancy Companies (TCS), one of many largest IT corporations in India, has been rocked by a bribes-for-jobs scandal. Based on a report by Mint, a number of senior personnel on the firm have been accepting bribes from staffing corporations for giving jobs to their candidates, for years.
This has led to the corporate sacking 4 officers from its useful resource administration group (RMG) and banning three staffing corporations.
The report stated that earlier, a whistleblower on the firm wrote to the corporate’s CEO and COO stating that the worldwide head of RMG, ES Chakravarthy, had been accepting commissions from these staffing corporations.
The corporate then shaped a committee of three members, together with chief info safety officer Ajit Menon to probe the allegations. After the conclusion of the probe, TCS despatched its head of recruitment on go away and sacked 4 officers from RMG. Chakravarthy has been debarred from coming to the workplace. One other official within the RBM division, Arun GK, has been sacked.
An government quoted within the report stated that within the final three years, the corporate employed 300,000 folks, together with contractors. They added that the folks concerned within the rip-off might have earned no less than Rs 100 crore by way of commissions.
“Your entire senior management is shocked,” the official informed Mint.
Probably the most most well-liked routes for hiring executives, in addition to contractors for IT corporations like TCS, are worker referral programmes and staffing corporations. These corporations present lists of candidates to the corporate, which then conducts assessments or interviews and later hires them as per the necessity.
The RMG division of TCS has round 3,000 folks and locations round 1,400 engineers on tasks each day. The typical comes out to be one placement each minute.
That is additionally the primary such scandal that has been reported in TCS. It comes simply days after Ok Krithivasan took over as the corporate’s chief government officer (CEO).
