According to reports, Tata Consultancy Services (TCS) is expected to revise the salary of employees as usual.
Milind Lakkad, the Chief Human Resources Officer said, “It is expected that the top performers will receive a 12-15 percent salary hike.”
According to the ET Now report, TCS employees are expected to get a 100 percent variable payout for the recent quarter.
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“Our hikes this year will be similar to what we have been giving. Especially for high performers, we are basically looking to get them to a 12-15 per cent hike… then there is 8, 5, 1.5 per cent — It’s that kind of a number which is coming up for the rest,” Milind Lakkad said, according to the report.
Milind Lakkad, Chief HR Officer, said: “As we grow the TCS family, I want to call out the stellar role played by our recruitment team in swiftly scaling up hiring, and onboarding the best available talent, enabling TCS to meet its delivery commitments and capture growth.”
“We are honoring all job offers, and have added 22,600 employees on a net basis in FY 23. During the year, we onboarded over 44000 freshers and our highest-ever number of experienced professionals”, Milind Lakkad added.
Milind Lakkad further said, “We also doubled down on organic talent development, obtaining over 53K cloud certifications during the year, bringing the total to over 110K employees certified on hyper scaler platforms. This places us among the top 2 partners for the largest cloud providers.”
The company added 22,600 employees during FY23. There has been a steep decrease as compared to its net addition in FY22. In the previous year, it had added 103,546 employees on a net basis.
The hiring is down by 78%. This is the company’s lowest net headcount addition since FY15 when it added 19,000 employees on a net basis during the year.
