Home »Editorial »Daily News »TCS to revise rates for staffing firms (Live Mint)Daily News View All NewsTCS to revise rates for staffing firms (Live Mint)25 October 2023Indian IT services firm Tata Consultancy Services (TCS) is revising the rates it pays to about 1,000 staffing firms for every engineer deployed, the first such revision by the company in the past six years, reports Live Mint. The Mumbai-based company communicated to the staffing firms last month that the new pricing structure for engineers, depending on the skill sets, will be effective from January, according to two executives privy to the development. TCS's new pricing for engineers sourced from staffing firms is part of a broader effort to revamp the way it works with such companies after a bribes-for-jobs scam was unearthed at the company. TCS initiated an investigation in response to two whistleblower complaints in February and March about how some executives were favouring some staffing firms over others and allegedly took money to get people a job at TCS. TCS also blacklisted six staffing firms.

Source: Mint October 25, 2023 11:52 UTC