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TCS adjudged top UK employer by TEI
MUMBAI: Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, has been recognised as one of the UK’s Top 10 Employers by the Top Employers Institute.
TCS was ranked in the top ten of just 78 employers to achieve accreditation as a UK Top Employer. Acrreditation is based on in-depth research into nine core HR criteria: Talent Strategy, Workforce Planning, On-boarding, Learning & Development, Performance Management, Leadership Development, Career & Succession Management, Compensation & Benefits and Company Culture.
Established over 25 years ago, the Top Employers’ certification is designed to identify and recognise the world’s leading organisations in the field of HR management and employee conditions – providing the optimum environment for employees to develop, both professionally and personally.
TCS HR director UK & Ireland Nupur Singh Mallick said: “We are thrilled to be positioned again as one of the UK’s Top 10 Employers. As one of the largest IT and digital employers in the UK, with an industry-leading employee retention rate of over 94%, TCS place huge value on providing an environment that focuses on individual aptitude, talent and interests. We strive to provide an inspirational environment for our employees that gives them the platform to succeed, whilst offering customers a talent pool with expertise that exceeds their industry benchmarks.”
Top Employers Institute director of operations James Gooding commented: “Our comprehensive independent research and stringent auditing revealed that TCS provides an exceptional employee experience, nurturing and developing talent throughout all levels of the organisation. It has demonstrated its status in the HR environment, striving to optimise its employment practices and to develop all its employees.”
TCS works with more than 150 UK customers and helps them to adapt to the opportunities and challenges of the digital economy. They include some of Britain’s best known brands: Aviva, Boots, British Airways, Lloyds, BT, Diageo, National Grid, NEST, Marks & Spencer, Thames Water and Virgin Atlantic.
This accolade builds on a number of recent awards in recognition of the company’s employee engagement and development activities. Last year alone, TCS was named Company of the Year at the 2016 Employee Engagement Awards and was recognised as one of The Times Top 50 Employers for Women in the UK.
Brands
UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
