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TCS first company to return to usual increment cycle

This is the second salary hike by the IT bellwether in a span of six months; the company had announced one at the end of the second quarter of the current fiscal, effective October 1

Source | m-businesstoday-in.cdn.ampproject.org

Tata Consultancy Services (TCS) has announced salary increments for its 4.7 lakh-strong workforce for the next financial year. The salary hike will be effecting from April 1, 2021, making it the first IT services company to return to the usual increment cycle in FY22.

This is the second salary hike by the IT bellwether in a span of six months; the company had announced one at the end of the second quarter of the current fiscal, effective October 1. TCS employees are likely to see increments in the range of 12-14 per cent on an average between both increments. The company usually gives 6-8 per cent hike.

“We can confirm that we are on track to give increments to all associates across our geographies effective April 2021, in line with our benchmarks. We are extremely thankful to all our associates for demonstrating resilience, adaptability, and an innovative mindset to steer the company in these trying times. This step is a reflection of our steadfast commitment to our associates,” a TCS spokesperson said on Friday.

Along with the salary hikes, TCS will also continue to offer promotions as its regular promotion cycle.

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