Tata Consultancy Services (TCS), one of the largest IT firms in India, has sent shocking news due to its bribes-for-jobs scandal. As per a report on Mint, some senior personnel at the company were involved in accepting bribes from staffing companies for providing jobs to their candidates for many years.
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The report further stated that this has led to four senior officials being removed from the company’s resource management group (RMG) and excluding three staffing firms.
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The report said that before, a whistleblower at Tata Consultancy Services – TCS wrote to the company’s CEO and COO saying that the global head of RMG, ES Chakravarthy, had been receiving commissions from these staffing companies.
The allegations were looked after the company set up a committee of 3 members with chief information security officer Ajit Menon. After the probe ended, TCS asked its head of recruitment to go on leave and removed four officials from RMG. Chakravarthy has been asked not to enter the office. Another official in the RBM division, Arun GK, has been removed with immediate effect.
An executive mentioned in the report said that in the last three years, the company appointed 300,000 people, including contractors. He also added that the people involved in the scam may have minted of about Rs 100 crore in the form of commissions. The official expressed how the whole senior leadership is in a shocked state of mind after the scam got revealed.
The most preferred ways for recruiting executives, as well as contractors for information technology firms like TCS, are employee referral programmes and staffing firms. These companies give a list of candidates to the company, which then organizes interviews or tests and later recruits them based on the company’s requirements.
The RMG department of TCS has approximately 3,000 people and gives work to about 1,400 engineers on daily projects. It makes it to one placement per minute a day.
This is one of the first such scams that has been reported in TCS. It has come to light just some days after K Krithivasan took charge as the firm’s chief executive officer (CEO).
It is really saddening to see how people collect commissions to just give jobs to the unemployed youth of India. One needs to note how TCS considers itself to be one of the reputed IT firms in India that creates several jobs for fresh graduates every year. Not just that, the company culture is also well-suited for people who are looking for desk jobs and slow growth in their careers along with having a work-life balance.
Staffing companies need to have statutory regulations and laws that would reveal how they run their businesses. Taking money from unemployed people to just get a job reveals the poor state of the country that we are living in. TCS should set an example by assisting the ones who got affected by this scam in a timely manner.
(Image/Financial IT)
