If we resign from tcs right after our joining date(having 3yrs exp in tcs)..will be get annual retention bonus?
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No, even with past TCS experience, you probably won’t get the annual retention incentive if you quit the company soon after joining. This is the reason why:
Bonus Eligibility Criteria:
Usually, retention bonuses are given to staff members to encourage them to stick with the company for a predetermined amount of time. Since you’re leaving right away, the bonus’s intended outcome of keeping you would not be achieved.
TCS Policy:
Like many other businesses, TCS may have particular provisions in their policy documents or offer letters defining who is eligible for the annual retention incentive. These papers frequently state that a minimum service duration is necessary to be eligible for the incentive.
In these situations, TCS has the right to reclaim any relocation assistance or joining bonus that was given at the time of hire. This is due to the fact that these benefits are occasionally provided in exchange for the employee’s commitment to work for a set amount of time.
It’s advisable to check your TCS offer letter, any relevant corporate policy documents pertaining to bonuses, or get in touch with your HR department if you have any questions. Based on your unique circumstances, they are able to give you the most precise information regarding your eligibility for the yearly retention bonus.