Wednesday, April 17, 2024

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TCS to give pay hikes in April, second in 6 months

BENGALURU: TCS will offer salary increments to its employees for the next fiscal year starting April 1, becoming the first IT services company to commit to do so. The news will likely come as a sentiment booster to employees at a time when the industry is still recovering from the pandemic downturn.
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.

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