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TCS to roll out salary hike for FY22; second time in 6 months

TCS was the primary IT providers firm to announce a wage hike for all workers for FY21 in October final yr.

PTI, New Delhi

PUBLISHED ON MAR 19, 2021 07:28 PM IST

Tata Consultancy Companies (TCS) will hand out across-the-board wage increments for 2021-22, changing into the primary IT providers firm to take action.

The wage hike roll-out will profit practically 4.7 lakh workers of the corporate.

The typical increment band for offshore workers is predicted to be 6-7 per cent as per norms, sources aware about the event informed PTI.

This is able to be the second wage hike inside six months by TCS.

When contacted, a TCS spokesperson confirmed that the corporate is on monitor to provide increments to all associates throughout geographies efficient April 2021, in step with its benchmarks.

“We’re extraordinarily grateful to all our associates for demonstrating resilience, adaptability, and an modern mindset to steer the corporate in these making an attempt instances. This step is a mirrored image of our steadfast dedication to our associates,” the spokesperson added.

The sources stated that with the FY22 wage hike, TCS workers will get round 12-14 per cent common increment in six months’ window.

TCS was the primary IT providers firm to announce a wage hike for all workers for FY21 in October final yr. The sources famous that the Mumbai headquartered IT agency had given out a wage hike in step with business norms in FY21, regardless of uncertainty because of COVID-19.

TCS continues to supply promotions as per the common promotion cycle.

The wage hike announcement by the corporate marks a return to regular increment cycle, market watchers added.

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