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IT services firm Tata Consultancy Services (TCS) has revised its anniversary appraisal policy for newly joined lateral employees, Moneycontrol has learned.

“Thank you for your contribution towards a year of growth. Your continued commitment and effort will help TCS sustain its leadership position. Your Annual Compensation will be reviewed during the next Annual Appraisal process…” CHRO Milind Lakkad said in an internal mail to eligible employees.

When an employee was seeking clarification on this, HR said all ‘EP Hires’ or experienced professionals with an anniversary date of 1st April 2022 or after, will not receive a letter and/or increment on completion of the first year.

“The first increment will be at the subsequent annual increment cycle,” says the mail from HR.

Nascent Information Technology Employees Senate (NITES), a Pune-based labour union came down heavily on the IT major. “At the time of recruitment the company promises to pay a definite salary to employees but later amend policies without even talking to employees which are no less than cheating,” Harpreet Singh Saluja, president of NITES told Moneycontrol.

“When employees were anticipating getting the anniversary appraisal, they were suddenly told otherwise. Why were they kept in the dark during the onboarding?,” Saluja added.

Unlike annual appraisal which happens on a specific timelines, anniversary appraisal is when an employee completes a full year of service into TCS from the date of his/her joining. Once the review process is done, employees usually get an email with a congratulatory message and the revised compensation (CTC). According to Saluja, many companies follow the same process but with different names.

“We have always had increments in line with industry benchmarks. Even during the pandemic, we ensured our increment cycles were unaffected. It is incorrect to suggest otherwise,” TCS said in a statement.

“All experienced hires will be given an increase as part of the annual salary appraisal that follows their one-year anniversary,” it added.

TCS did not comment on the reason for scrapping the anniversary appraisal policy.

“Though not mentioned in the offer letter, we were regularly told by our reporting managers about the anniversary appraisal policy. We even filled our inputs in the internal employee portal,” said a TCS employee on condition of anonymity.

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It is possible that temporary car insurance may mean less protection. Normally, they offer the most basic coverages. It is equivalent to third-party insurance at the protection level.

The insured is the one who decides the insurance's configuration.

It's not the same to need temporary insurance to move a car for an exam or to protect a car that you use daily, while you decide on annual insurance or if you are only going to take it for a few months.

If this is the case, make sure to add the essential coverages in your car insurance.

This is one of the most important coverages. Even if it's for a while.

In the event of an accident, the best health care is guaranteed thanks to the agreements of the companies with private medical centers. During the year after an accident, you will be able to receive all the medical attention you need until you are completely healed.

Financial support in the worst possible situations is provided by driver's insurance, which also takes care of your family.

In case of permanent and absolute disability of the insured, some have compensation to adapt the home and the car.

If you only need coverage for a couple of days, you can do without it. It becomes essential if we talk about taking out temporary insurance for a longer period of time. Roadside assistance prevents you from being stranded halfway through a breakdown or a puncture and having to find a way to have your vehicle towed, which is a nightmare.

Travel assistance is more than a vehicle.

It would be in charge of providing transportation for you and the people you are with, either to your destination or back to your home, if we were discussing. If the car is stuck in the workshop for more than a certain number of hours, I will pay you a hotel.

You can choose between different temporary car insurance depending on your needs and circumstances.

There are companies that provide protection through agreements with insurers. You can take out temporary car insurance with the help of ARAG and AXA Seguros.

If you want, you can have coverage for a single day. They are usually marketed online. As long as the requirements are met. The most common is being over 21 years old and having obtained your card a year ago.

You can extend the insurance coverage for weeks or even a month if you have the same insurers that give insurance by the day. The procedure is the same.

It is possible to find insurers that provide coverage for a certain amount of time. They can be contracted in a few minutes. You can pay with a credit or debit card.

This type of temporary insurance is not the same as monthly insurance, which allows the payment to be divided month by month.

Every owner of a motor vehicle is obliged to take out insurance for an annual duration or its alternative: temporary car insurance. Even if your car is half abandoned and you have no intention of using it, you still have an obligation to use it.

The obligation to have insurance remains if the vehicle is registered as registered. You can't leave an uninsured car on the street or in a garage.

For this reason, car insurance was born. These solutions can be used in situations where the user does not want to commit to paying insurance for a year. There are situations like this.

• First, measure the outside diameter (OD) of the pulley.
• Next, measure the pitch diameter (PD).
• Measure the wall thickness of the pulley.
• Measure the overall width of the belt housing, where the belt actually rides in the pulley.