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Saturday, October 24, 2020

TCS Salary Hike: TCS to give salary hikes from October | India Business News

BENGALURU: TCS will give salary hikes to all its employees from the beginning of this month and the quantum is being worked out. IT companies had frozen hikes and promotions, which usually kick in from June, earlier this year due to the pandemic which had created uncertainty around demand.
“The salary increase will be across all bands of employees and it (the quantum) will be similar to what we had done in the past,” said Milind Lakkad, chief human resources officer.
The company virtually onboarded 7,200 trainees in India, about 1,000 in the US and 100 in Europe during the second quarter. Overall the company added 9,784 people in the last three months.

“We started onboarding freshers, and increased our recruitment globally in Q2, in anticipation of the growth trajectory we see ahead,” he added.
Attrition fell to an all-time low of 8.9%, down 120 basis points sequentially perhaps due to a weak macroeconomic environment which deterred people from switching.
The company lost 34 of its employees due to the coronavirus, its chief operating officer NG Subramaniam said. “It was a challenging and difficult quarter and I dedicate this quarter to them,” he added. The pandemic has also shown that investment in cloud is taking place with companies finding out ways to move its digital business to cloud. TCS said there was demand in public and private cloud services, spanning applications, infrastructure migration, modernization, and digital workplace services.
Watch TCS to give salary hikes to all its employees from October



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