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