Business

TCS Unveils Salary Hikes Effective April: High Performers Set for Double-Digit Increments; Check Out the Average Range

India’s leading IT services provider, Tata Consultancy Services (TCS), announced its plans to implement double-digit salary hikes for high-performing employees starting April. Milind Lakkad, Chief HR Officer, expressed satisfaction in continuing the tradition of annual increments, with top performers set to receive significant raises.

Lakkad disclosed that salary increases would range between 4.5% to 7%, contingent upon individual performance, with exceptional performers earning double-digit raises. Despite experiencing a decline in hiring activity during the last quarter of the fiscal year, TCS aims to onboard approximately 40,000 freshers this year, leveraging candidates from previous cycles.

TCS observed a reduction in headcount by 1,759 employees in the last quarter, following a previous decline of 5,680 in the third quarter, resulting in a total decrease of 13,249 employees compared to the previous year. Nevertheless, the company managed to achieve a 3.5% revenue growth despite the decrease in headcount.

Also Read: Dune 2: OTT Release Date – Will Chalamet and Zendaya’s Sci-Fi Adventure Stream on Netflix and Max?

Lakkad attributed the reduced attrition rate of 12.5%, robust campus hiring efforts, increased client engagement, and employees’ gradual return to office premises as factors contributing to enhanced morale and operational vibrancy within TCS.

Furthermore, TCS disclosed the retirement of its Chief Operating Officer, N. Ganapathy Subramaniam, after 40 years of service. His responsibilities will be redistributed among senior colleagues, with no immediate plans for a replacement in the COO role.

Similar to industry trends, TCS experienced a consistent decline in headcount over recent quarters, with a notable decrease of 6,333 in the second quarter of the fiscal year. K Krithivasan, TCS’s Chief Executive, emphasized that revenue growth and headcount are not directly correlated, underscoring the company’s focus on efficiency and optimal deployment of associates. Krithivasan highlighted the company’s extensive training process for new hires, typically spanning six to nine months before deployment.

Also Read: Delhi Capitals, Led by Jake Fraser-McGurk and Kuldeep Yadav, Secure Second Victory of IPL 2024 Against Lucknow Super Giants

Amidst industry forecasts suggesting a flat or negative net addition in the IT sector for the current fiscal year, TCS remains aligned with major IT companies in navigating challenges and optimizing operations.

Naiteek Bhatt

Recent Posts

Lok Sabha To Hold Eight-Hour Debate On Waqf Amendment Bill Amid Opposition Pushback

The Lok Sabha will take up the Waqf (Amendment) Bill for discussion on April 2,…

10 hours ago

India’s GST Collections Surge 9.9% To Rs 1.96 Lakh Crore In March

India's Goods and Services Tax (GST) collections rose by 9.9 per cent to Rs 1.96…

12 hours ago

What Happens When You Drink Coconut Water Daily For A Month?

Drinking coconut water daily for a month can significantly improve hydration, digestion, and overall health.

13 hours ago

METAPLASIA 2025: Where Sports Meet Transformation

The METAPLASIA 2025 Sports Fest at the New Chandigarh campus witnessed thrilling competitions in cricket,…

14 hours ago

Indian Railways Achieves Record Freight Loading & Revenue In Fiscal 2025

Indian Railways achieved record freight and revenue in 2025, surpassing the US in cargo transport…

14 hours ago

German Tourist Calls Delhi Metro ‘Better Than London Tube’ In Viral Post

German traveler Alex Welder praised the metro systems in Delhi and Agra, calling them 'better…

14 hours ago