Tata Consultancy Services is likely to grant an increment of seven to eight per cent to its offsite employees, while the onsite staff can expect two to four per cent hike in FY2024-25.
The hike will come into effect on 1 April 2024, as reported by Business Standard.
Though there has been no official announcement by the company, the process of giving increments has almost been completed, as per media reports. Based on performance, the hike could even go up to 12 per cent for some from TCS’ 6.03lakh strong workforce.
In FY24, TCS had granted six to nine per cent increment to employees, while some of the exceptional performers received an increment in the range of 12 to 15 per cent.
The company intends to continue hiring.
In February 2024, the company had insisted that its employees return to office. In fact, TCS had announced that pay raises, promotions, and even variable payouts would be connected to the new requirement for employees to return to the office. The company mentioned that returning to the office is important for teamwork, creativity and building a good collaborative atmosphere. However, some people are worried about how this change may affect their well-being, the balance between work and personal life, and the extra cost of commuting.
Unit heads were instructed to base performance evaluations and subsequent grading, crucial for promotions, on an employee’s track record of physical office presence.
2 Comments
I am interested
Don’t spread rumors. Is it a paid news? TCS never pays more than 4%. Basis what data you guys are bluffing that TCS giving till 8% and 12 to 15% for super performance? Stop doing presstitution..