TCS offers double the usual pay to new digital savvy employees

16 October 2018 Consultancy.in

TCS has taken a big step towards bolstering its capabilities in the digital services arena, announcing that it will offer nearly double the usual salary to new entrants who have skills in the industry 4.0 domains. The firm is planning to offer the new package to approximately 1,000 new employees.

Given the pressure firms are under in the contemporary scenario to adapt to the latest technologies in the industry 4.0 domain, many consulting firms operating in the sector are realising the importance of having appropriately skilled personnel to assist with this transformation.

In recent months, IT services giant Infosys recognised that this requirement for skills extends till the highest levels of organisation, with the announcement that revenues from the digital services segment would comprise a major part of evaluations at the executive level. The firm’s competitor in the IT services segment – TCS – has now responded with a new personnel policy of its own.

TCS offers double the usual pay to new digital savvy employees

Over the last decade, salaries for entry-level employees in engineering and IT services firms has stagnated at approximately Rs. 3.5 lakh annually. As per TCS’ new policy, a 1,000 new employees with demonstrated skills in the digital services domain are set to receive an annual salary of Rs. 6.5 lakh 

The new candidates will be subject to a rigorous evaluation process, which includes a specialised test designed to assess skills in the digital domain. In addition to qualified candidates who apply for positions at TCS, the oppoprtunity to give the test will be open to candidates who register a particularly good score on at the National Qualifier Test (NQT).

As elucidated by Executive Vice President and Head of Global Human Resources at TCS Ajoy Mukherjee, “People who have done well in the NQT will get a chance to write another test for the digital talent pool, and if they clear and go through the interview then they will get into the digital pool and their compensation will be differentiated.“

The move comes despite the fact that TCS has demonstrated excellence in the domain of Software Product Engineering as well as in Digital Marketing Services. Trends such as these reiterate the assertion being made by most experts that talent is central to the new digital paradigm.

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Industry 4.0 integration can bolster industrial manufacturing in India

02 April 2019 Consultancy.in

The implementation of Industry 4.0 technology in manufacturing need not be a radically disruptive process, but can be conducted in a balanced and systematic manner based on strategic assessments of an organisation’s operations, according to management consultancy Intueri. The firm urges firms to “start small” in their digital transformations. 

Intueri joins a host of other consulting firms in India that have been contributing to the discussion on what the best strategy would be to embrace the new digital paradigm. An increasing portion of the country’s substantial population is gaining online access, which has given rise to an expansive digital market.

Earlier this year, consultants at global management consultancy the Boston Consulting Group elucidated how special emphasis on digital retail, AI development, cybersecurity and 5G will help accelerate India’s Industry 4.0 integration. Intueri has now offered its strategy on how individual firms can ride the digital wave.

As per a new Intueri report on Industry 4.0, firms must keep sight of their priorities when working on digital integration, without getting caught up in the race for the latest technology. The primary goal of digital transformation, particularly in the manufacturing sector, is to increase “efficiency, flexibility and quality,” according to the report.

Industry 4.0 integration can bolster industrial manufacturing in India

In addition, technology can be leveraged to lower the costs of production in the long run. Intueri suggests that firms ensure that these goals are being met via their investments in technology, which requires a strategic assessment of operations and possible areas of improvement prior to integration.

To this end, the firm divides the integration process into three phases. The firm explains, “The first phase involves a Proof of Concept of Industry 4.0, by tackling the organisation’s most pressing issue. In the second phase Intueri conducts a comprehensive Industry 4.0 maturity and feasibility assessment for the organisation and roadmap design for Industry 4.0 implementation.”

“The third phase will involve the implementation and post-implementation monitoring,” adds the firm. While Industry 4.0 is a multisectoral phenomenon, Intueri’s analysis deals primarily with the operations in the manufacturing sector, particularly businesses that have complex manufacturing processes.

For instance, the production chains in the aerospace, healthcare and industrial robotics & equipment sectors are highly complex, and face tremendous pressure to generate a speedy turnover in production. Strategic Industry 4.0 integration would be the ideal solution to productivity in these sectors.