The company had given a 6-8% increment in October. So, in six months, the employees will get 12-14% average increments. Most IT companies announced hikes in October in
addition to also promoting employees. The increment signals a return to normal appraisal cycles and indicates that the havoc created by the pandemic this fiscal is perhaps well and truly behind the industry.
“We are extremely thankful to all our associates for demonstrating resilience, adaptability, and an innovative mindset to steer the company in these trying times. This step is a reflection of our steadfast commitment to our associates,” a TCS spokesperson said.