TCS to dole out a second salary hike within a span six months
- Tata Consultancy Services (TCS) has announced a second salary hike for its employees within a span of six months.
- Last year in October, the IT major increased salaries by 6% to 8%.
- This time around the company plant to hike wages by the same amount resulting in a cumulative boost of 12% to 14%.
India’s biggest information technology (IT) services company, Tata Consultancy Services (TCS), is set to dole out a second round of increments for its employees within a span of six months.
View all Offers
View all Offers
- 18% OFF
Redmi Note 10S (Shadow Black, 6GB RAM, 64GB Storage) - Super Amoled Display | 64 MP Quad Camera₹ 13999₹ 16999Buy On
- 48% OFF
Samsung Galaxy Note 20 (Mystic Bronze, 8GB RAM, 256GB Storage) with No Cost EMI/Additional Exchange Offers₹ 44999₹ 86000Buy On
- 31% OFF
Apple iPhone XR (64GB) - Black₹ 32999₹ 47900Buy On
- 28% OFF
OPPO A31 (Mystery Black, 6GB RAM, 128GB Storage) with No Cost EMI/Additional Exchange Offers₹ 11490₹ 15990Buy On
Redmi 9A (Midnight Black, 2GB RAM, 32GB Storage) | 2GHz Octa-Core Helio G25 Processor₹ 6799₹ 8499Buy On
The last salary hike was announced by the IT major in October last year, where the increase in wages was between 6% to 8%.
Sources told Business Insider, on the condition of anonymity, that the salary increments will be around the same this time around as well. This means employees will have received a cumulative boost of around 12% to 14%.
Advertisement“We can confirm that we are on track to give increments to all associates across our geographies effective April 2021, in line with our benchmarks,” a TCS spokesperson told Business Insider.
This comes after TCS’ attrition rate dropped to a record low of 7.6%, as of 31 December 2020. The company currently has 4,69,261 employees under its wing after adding 15,000 more to its roster between the months of September to December.
According to Milind Lakkad, head of human resources at TCS, over 96% of the company’s employees were still working from home before the New Year with only 3.4% in office.
Despite the challenges caused by the COVID-19 pandemic, TCS reported its strongest Q3 growth in nine years in 2020.
A Dalit mother lost her ration card and then her child to starvation — her fight for justice has now become a national cause at the Supreme Court
Japan’s same-sex marriage ban ruled ‘unconstitutional’ as India’s LGBTQ community waits in hope
It took over a decade and 1,000 hours of photography to create this picture of the Milky Way
Popular on BI
- Nykaa IPO will open today — here is how to apply via bank and apps like Zerodha, Paytm Money
- A CryptoPunk NFT bought for $74 resurfaced after four years and just sold for $2 million
- Best DIY wallpapers to revamp your house
- India's largest car maker loses nearly two thirds of its profit to chip shortage
- New Range Rover: Check out expected price in India, features and other details