» Ramadorai to say Tata in styled Retains House & Compensation Based On Last Pay Jobs : Career, Employment, Hiring, Classified, Opportunities, Listings, Interview
Ramadorai to say Tata in styled Retains House & Compensation Based On Last Pay
TATA Consultancy Services (TCS), which boasts of one of the lowest IT industry attrition rates and the least management churn, has proposed a retirement plan under which CEO and MD S. Ramadorai will continue to draw a monthly compensation based on his last salary. The company will also provide Mr. Ramadorai residential accommodation. Mr. Ramadorai’s current remuneration is around Rs 3 crore per annum. This includes benefits, perquisites and allowances but not provisions such as gratuity and health insurance premium. A bulk of his compensation comes as a commission of Rs 1.6 crore.
Mr. Ramadorai is 63 and has been with the company since 1972. He has grown from an engineer-programmer to the helm of TCS, next only to Ratan Tata, in this period. As with Mr. Ramadorai, most of the TCS management have risen in the ranks and grown with the company’s fortunes. For instance, EVP and global sales head N. Chandrasekaran began his career at TCS and rose to become manager of SEEPZ, before moving onto his current role.
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