TCS working towards reducing pay disparity in employees, plans to double salaries
1 year, 7 months ago

TCS working towards reducing pay disparity in employees, plans to double salaries

India Today  

The tech industry has been going through a rough time recently as many companies announced large-scale layoffs in order to cut down costs and survive in the present economic conditions. However, Tata Consultancy Services remains an exception as amidst the challenging job market, the company not only continues to hire employees, but is also working towards reducing the pay disparity in its employees. TCS CHRO on reducing pay disparity TCS has over 6 lakh employees globally and the company's strategy is to invest in their in-house talent and give them a chance to shine rather than spending in offering massive increments to freshers. Milind Lakkad, talking about the company's plans to reduce pay disparity within employees, told Moneycontrol, “Those two years of instant gratification were definitely there. We also ensured that internally people get the opportunity to upgrade their compensation through various initiatives, to reduce disparity internally.” The report further states that TCS is planning to enroll more employees, from different experience levels, in its existing programmes in order to offer them a chance to make double of what they make currently.

Employees Pay Disparity Tcs Moneycontrol Lakkad Disparity Reducing Pay  salaries  working  job  lakkad  tcs  moneycontrol  double  plans  disparity  programme  offers  freshers  reducing  pay  employees

History of this topic

TCS to hire 40,000 freshers this year: ‘India is the destination for talent’
5 months, 1 week ago

TCS to hire 40,000 freshers this year: ‘India is the destination for talent’

Hindustan Times  

Tata Consultancy Services plans to hire approximately 40,000 freshers in the current financial year, the company said. TCS Chief HR Officer Milind Lakkad said, "India is the destination for talent, and that is not going to change in the near future. Milind Lakkad noted that while about 70% of employees have returned to office “the idea is not punitive but …

TCS HR boss on linking variable pay to work from office: Not to punish employees
5 months, 1 week ago

TCS HR boss on linking variable pay to work from office: Not to punish employees

Hindustan Times  

Tata Consultancy Services Chief HR Officer Milind Lakkad said that the decision to link employees' variable pay to attendance is a way to foster a return-to-office culture. This comes after TCS linked its quarterly variable pay with attendance owing to which any employee of the company with less than 60 per cent attendance won’t be eligible for the quarterly bonus. …

TCS CEO earns ₹25.36 crore- least among IT firms heads. Who earns the highest?
7 months, 1 week ago

TCS CEO earns ₹25.36 crore- least among IT firms heads. Who earns the highest?

Hindustan Times  

Tata Consultancy Services CEO and MD K Krithivasan received ₹25.36 crore in annual compensation in FY24, the company revealed in its annual report. As per TCS' annual report, K Krithivasan received a commission of ₹21 crore in FY24. This is followed by the newly appointed Wipro CEO Srinivas Pallia whose annual remuneration package is almost ₹50 crore. HCL CEO C …

TCS hires more than 10,000 freshers from top engineering colleges: Report
8 months, 1 week ago

TCS hires more than 10,000 freshers from top engineering colleges: Report

Hindustan Times  

TCS hiring: Tata Consultancy Services hired more than 10,000 freshers in its latest recruitment drive, Moneycontrol reported citing people in the know. TCS hiring: TCS said that it was hiring for three categories- Ninja which offers a package of ₹ 3.36 lakh per annum for various roles, Digital and Prime which offer an annual package of ₹ 7 lakh and …

Job Alert! TCS is hiring freshers; applications open till April 10. Here’s how to apply
8 months, 3 weeks ago

Job Alert! TCS is hiring freshers; applications open till April 10. Here’s how to apply

Live Mint  

IT giant Tata Consultancy Services has initiated the recruitment process for freshers, accepting applications until April 10. TCS has scheduled tests for April 26 and is welcoming job applications from the 2024 batches of BTech, BE, MCA, MSc, and MS, as stated on its career page. In contrast, the Digital category offers ₹7 lakhs per annum, and the Prime category …

TCS salary hike: Offsite employees may get 7-8%, onsite much less appraisal while top performers can expect this
9 months ago

TCS salary hike: Offsite employees may get 7-8%, onsite much less appraisal while top performers can expect this

Hindustan Times  

Tata Consultancy Services may increase the salaries for its offsite employees by an average of 7-8 percent and for its onsite employees 2-4 percent in 2024-25, it was reported. TCS salary hike: A man walks past a logo of Tata Consultancy Services before a press conference. A source quoted by the report said, “The salary increment process is nearing completion, …

TCS announces salary hikes: Up to 8% increase for Indian employees, 2-4% for international staff
9 months ago

TCS announces salary hikes: Up to 8% increase for Indian employees, 2-4% for international staff

India TV News  

As the end of March approaches, anticipation for annual appraisals builds up among employees. However, details regarding the expected salary hikes at Tata Consultancy Services have surfaced online ahead of the official appraisal period. Sources familiar with the matter revealed to Business Standard that TCS is gearing up to implement salary revisions for both offsite and onsite employees in the …

TCS offers Rs 40,000 incentives for rapid hiring, requires 6-month continuity
9 months ago

TCS offers Rs 40,000 incentives for rapid hiring, requires 6-month continuity

India TV News  

Tata Consultancy Services has rolled out the 'Quick Joiner Incentive Plan' under which the company offers candidates an additional Rs 40,000 for senior roles with the concern that they join within a month. Earlier, the company ruled out cutting down on hiring, saying it has no plans of doing so but it may have to pace hiring according to the …

Engineering college students facing placements crisis; TCS, Accenture job offers providing some relief
9 months, 3 weeks ago

Engineering college students facing placements crisis; TCS, Accenture job offers providing some relief

Hindustan Times  

Top software services firms such as Tata Consultancy Services and Accenture have either made or are on the verge of making job offers to engineering graduates from the Class of 2024, offering reprieve to colleges during what has been ‘one of the worst-ever placement seasons,’ according to the Economic Times. Tata Consultancy Services This season, TCS in particular, has emerged …

TCS to revise rates for staffing firms
1 year, 1 month ago

TCS to revise rates for staffing firms

Live Mint  

MUMBAI : Tata Consultancy Services Ltd is revising the rates it pays to about 1,000 staffing firms for every engineer deployed, the first such revision by India’s largest information technology services company in the past six years. The Mumbai-based company communicated to the staffing firms last month that the new pricing structure for engineers, depending on the skill sets, will …

TCS gives 12 to 15 per cent salary hikes to best performing employees, commences promotion cycle
1 year, 5 months ago

TCS gives 12 to 15 per cent salary hikes to best performing employees, commences promotion cycle

India Today  

It’s the appraisal season and some IT companies have started rolling out hikes. While some companies like Infosys and HCLTech have deferred salary hikes, TCS has given good pay raises to employees. As per ET Markets report, Tata Consultancy Services has decided to give its employees a raise in salary, even though it caused a slight drop in the amount …

TCS HR head says top performing employees will get 10 - 12 per cent salary hike this year
1 year, 8 months ago

TCS HR head says top performing employees will get 10 - 12 per cent salary hike this year

India Today  

One of India's largest IT firm, Tata Consultancy Services, is planning to give a salary hike of 12-15 per cent this year to its top-performing employees in an effort to retain them. TCS hopes that this move, along with the slowdown in the job market, will reduce attrition from the current 20 per cent to 13-14 per cent in the …

TCS to give 12-15% salary hikes to top performers
1 year, 8 months ago

TCS to give 12-15% salary hikes to top performers

Live Mint  

Mumbai: Tata Consultancy Services Ltd, India’s largest IT firm, is set to give its top-performing employees a 12-15% salary hike to keep them on board. Despite a shrinking job market in the IT sector, TCS hired 44,000 from campuses last fiscal year and plans to hire another 40,000 in the current fiscal. TCS saw attrition of 21.3% in the December …

TCS attrition continues to lower at 20.1%, net addition of 821 employees in Q4
1 year, 8 months ago

TCS attrition continues to lower at 20.1%, net addition of 821 employees in Q4

Live Mint  

IT bellwether Tata Consultancy Services has made a net addition of 821 in its employees' headcount for the quarter ended March 2023 period. This would be a net reduction of 2,197 employees compared to a headcount of 616,171 employees in the September 2022 quarter. During the September 2022 quarter, TCS made the second highest hiring among its peers after Infosys …

Will TCS join layoff spree? Here's what HR head has to say
1 year, 10 months ago

Will TCS join layoff spree? Here's what HR head has to say

Hindustan Times  

Tata Consultancy Services is 'not considering any layoffs,' the multinational IT firm's Chief Human Resources Officer has said, with his statement coming at a time when IT companies, including tech giants such as Google, Meta and Twitter, among others, have laid off employees over reasons such as cost-cutting, poor performance etc. Once a staff member joins, it is our responsibility …

IT giant TCS not looking at layoffs, likely to announce hikes for employees soon
1 year, 10 months ago

IT giant TCS not looking at layoffs, likely to announce hikes for employees soon

Live Mint  

Amidst layoffs over the world especially from tech biggies, Indian IT giant, Tata Consultancy Services is not considering the same. While shunning the layoff plan, TCS chief Human Resources officer Milind Lakkad on Sunday hinted that the company will be announcing hikes that will be similar to earlier years. Whereas TCS, he cited as "cautious", believes that once staff member …

TCS to lay off employees? Here's what company's top official says
1 year, 10 months ago

TCS to lay off employees? Here's what company's top official says

India TV News  

TCS layoffs on cards: After Google, Microsoft, Twitter, Facebook, is IT giant Tata Consultancy Services is also planning to lay off employees, well, the company said that it has no plans to fire staff as it believes in grooming the talent for longer careers once they join the company. Speaking to PTI in an interview, TCS chief Human Resources officer …

TCS’ employees count goes down. What the management says
1 year, 11 months ago

TCS’ employees count goes down. What the management says

Live Mint  

Apart from missing estimates in terms of profitability, IT giant Tata Consultancy Services surprisingly also reduced its employees' headcount for the third quarter ending December 31, 2022 period. During the September 2022 quarter, TCS made the second highest hiring among its peers after Infosys with a net addition of 9,840 employees compared to the June 2022 quarter where headcount stood …

TCS’ attrition rate inches lower to 21.3% in Q3, employees headcount dips
1 year, 11 months ago

TCS’ attrition rate inches lower to 21.3% in Q3, employees headcount dips

Live Mint  

IT giant Tata Consultancy Services' attrition rate for the quarter ending December 31, 2022, inched lower to 21.3%. TCS had made the second highest hiring among its peers after Infosys in Q2FY23 with a net addition of 9,840 employees compared to the June 2022 quarter where headcount stood at 606,331 employees. Coming to IT services attrition, the Tata Group-backed company …

TCS announces massive salary hike after increasing 8% net profit in previous quarter, details here
1 year, 11 months ago

TCS announces massive salary hike after increasing 8% net profit in previous quarter, details here

Firstpost  

TCS’ average attrition rate is currently 19.7 percent, down from 21.5 percent recorded in the previous year. TCS recruited 20,000 new employees in the July-September quarter Tata Consultancy Service has come up with an exciting announcement for its employees amid the winter holiday celebrations. Among them, almost 4 lakh employees will be awarded incentives in the form of 100 percent …

TCS Adds Net 9,840 Employees in Q2FY23, Lower Than Q1; Attrition Rate Continues To Rise
2 years, 2 months ago

TCS Adds Net 9,840 Employees in Q2FY23, Lower Than Q1; Attrition Rate Continues To Rise

News 18  

India’s largest IT services company Tata Consultancy Services on Monday reported a net addition of 9,840 employees during July-September 2022. TCS has been meeting demand for services around new technologies by continually investing in organic talent development,” TCS said in a BSE filing on Monday. Its attrition rate in IT services stood at 21.5 per cent during the September 2022 …

TCS Says All Experienced Staff Will Be Given Hike During Annual Salary Appraisal
2 years, 3 months ago

TCS Says All Experienced Staff Will Be Given Hike During Annual Salary Appraisal

News 18  

Tata Consultancy Services on Friday rubbished reports that emails have been sent to staff about not rolling out the hikes to employees who have completed one year with the tech firm. All experienced hires will be given an increase as part of the annual salary appraisal that follows their one-year anniversary.” As per reports, a letter was sent to the …

TCS, Wipro, HCL chalk out plans to retain employees amid high attrition
2 years, 5 months ago

TCS, Wipro, HCL chalk out plans to retain employees amid high attrition

Live Mint  

The rising attrition rate has continued to be a big concern for the IT companies in India due to increased demand for technology talent. As per the regulatory filing to the stock exchanges, the attrition rate in the Indian IT services major Tata Consultancy Services was at 19.7% in the past 12 months. Here are some of the significant strategies …

TCS Employees: Salary Hike this Year to Work From Home, What IT Company Says After Q4 Earnings
2 years, 8 months ago

TCS Employees: Salary Hike this Year to Work From Home, What IT Company Says After Q4 Earnings

News 18  

India’s largest IT company Tata Consultancy Services, or TCS, has announced its results for the last quarter of the previous financial year, where it said that the company has reported a 7 per cent increase in its net profits to Rs 9,926 crore in the fourth quarter ended March 2022. While announcing the results, TCS said that it plans to …

TCS hiring at all-time high: IT giant adds over 1 lakh employees
2 years, 8 months ago

TCS hiring at all-time high: IT giant adds over 1 lakh employees

India Today  

Tata Consultancy Services has hired more than one lakh employees in Financial Year 2021-22, the highest ever by the IT behemoth. TCS HIRING In Q4, TCS added 35,209 employees on a net basis, the highest ever net addition in a quarter, TCS said in the BSE filing while announcing its Q4 results. Employee headcount stood at 5,92,195, a net addition …

TCS attrition rate continues to rise, but ’moderating’
2 years, 8 months ago

TCS attrition rate continues to rise, but ’moderating’

Live Mint  

While announcing its Q4FY22 earnings, IT giant Tata Consultancy Services said that its IT services attrition continued to climb during the January-March 2022 period, reaching 17.4%. "The company’s philosophy of investing in people, and its progressive workplace policies have resulted in industry leading retention in an environment of increased churn," India's top IT company said in a statement. Attrition rates …

TCS adds over 35,000 employees in Q4, highest ever in a quarter
2 years, 8 months ago

TCS adds over 35,000 employees in Q4, highest ever in a quarter

Live Mint  

India's largest IT service provider Tata Consultancy Services witnessed highest ever employee additions in a quarter during the January-March 2022 period, with net additions of 35,209 employees during the fourth quarter, taking the employee headcount at 592,195. “With the highest ever net addition this year, consistently highest talent retention, benchmark talent development metrics, continued focus on health and wellbeing and …

TCS Hiring: IT Company Adds Record 35,209 Employees in Q4; 1.03 Lakh in FY22, Highest Ever
2 years, 8 months ago

TCS Hiring: IT Company Adds Record 35,209 Employees in Q4; 1.03 Lakh in FY22, Highest Ever

News 18  

Tata Consultancy Services, the largest Information Technology services company in India, made record by hiring a whopping 103,546 employees in the financial year ended on March 31, 2022. Commenting on this achievement, Milind Lakkad, chief HR Officer, said: “With the highest ever net addition this year, consistently highest talent retention, benchmark talent development metrics, continued focus on health and well-being …

TCS, Infosys, Wipro Hire Over 1 Lakh Employees this Fiscal. Know Details
2 years, 11 months ago

TCS, Infosys, Wipro Hire Over 1 Lakh Employees this Fiscal. Know Details

News 18  

IT Hiring in India: IT majors TCS, Wipro and Infosys announced their Q3 results recently, largely posting profits for the time period. Here Are the Hiring Targets of Infosys, TCS and Wipro: Infosys Hiring in FY22 India’s second largest company Infosys on Wednesday said that it plans to hire more than 55,000 freshers for FY22 as part of its global …

TCS, Infosys, Wipro to Recruit Over 1 lakh Freshers This Fiscal
3 years, 5 months ago

TCS, Infosys, Wipro to Recruit Over 1 lakh Freshers This Fiscal

News 18  

Following the second wave of the Covid-19 pandemic, top Information Technology companies in India, are aiming to bring fresh talent into the fold. Infosys added around 8,300 employees and TCS added around 20,000 numbers to its ranks, bringing the total number up to 5 lakh employees. TCS Looks to Make Waves and Lead the Pack Tata Consultancy Services is eyeing …

TCS, Infosys, Wipro to hire more than 1 lakh freshers
3 years, 5 months ago

TCS, Infosys, Wipro to hire more than 1 lakh freshers

Live Mint  

As covid cases continue to decline, hiring activity of Indian firms is showing signs of revival after the disruption caused by the deadly second wave in the country. India's biggest informational technology service providers Tata Consultancy Services, Infosys and Wipro are expected to welcome more than 1 lakh freshers combined in this fiscal year, as claimed by the firms in …

TCS adds over 7,000 employees in UK, now employs over 18,000 persons
3 years, 5 months ago

TCS adds over 7,000 employees in UK, now employs over 18,000 persons

India TV News  

India's largest IT firm Tata Consultancy Services on Wednesday said it has added over 7,000 employees in the UK, including 1,800 trainees over the past five years. "To support its growth, it has added more than 7,000 employees, including 1,800 trainees, over the last five years, making it among the top UK recruiters of IT services talent. "Our deep contextual …

TCS to Roll Out Salary Hikes in April, Second Within Six Months
3 years, 9 months ago

TCS to Roll Out Salary Hikes in April, Second Within Six Months

News 18  

Tata Consultancy Services will hand out across-the-board salary increments for 2021-22, becoming the first IT services company to do so for the upcoming fiscal. This would be the second salary hike within six months by TCS. The sources said with the FY22 salary hike, TCS employees will get around 12-14 per cent average increment in six months’ window. TCS was …

Tata Consultancy Services Becomes First IT Company to Announce Salary Hike for FY 21-22
3 years, 9 months ago

Tata Consultancy Services Becomes First IT Company to Announce Salary Hike for FY 21-22

News 18  

India’s largest IT services company Tata Consultancy Services on Friday announced a pay increment to all its associates for financial year 2021-22. In a statement, the company said, “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.” According to the report, this would be …

Tata Consultancy Services to Recruit 1,500 Tech Staff in UK over Next Year
3 years, 10 months ago

Tata Consultancy Services to Recruit 1,500 Tech Staff in UK over Next Year

News 18  

India’s largest software services firm Tata Consultancy Services on Wednesday said it will recruit 1,500 technology employees across the UK over the next year. The announcement followed Monday’s meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO Rajesh Gopinathan. During the meeting, the two sides discussed TCS’ commitment to continue investing in the UK economy, innovation, …

Discover Related