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 quarter, which is higher than the 19.7 per cent registered in the previous quarter. With normalizing wage expectations and talent supply catching up across the industry, the company expects attrition to start to taper down in H2,” TCS said.

Quarter Attrition Tcs Workforce  q1  continues  employees  addition  quarter  services  rate  attrition  cent  2022  net  lower  tcs  workforce  talent  rise  q2fy23

History of this topic

India's top 5 IT firms continue headcount decline for 7th straight quarter
4 months, 3 weeks ago

India's top 5 IT firms continue headcount decline for 7th straight quarter

Business Standard  

TCS led the ranking with total 606,998 employees, while Infosys came in second with 315,332 employees For the seventh consecutive quarter, India’s top five IT services firms have experienced a decline in headcount. The news report quoted Deepti S, business head of technology staff augmentation at staffing company Xpheno saying, “The gradual slowdown of the degrowth with the quantum of …

Working in IT sector? Infosys, Wipro & TCS' average salary hikes are much less than you think
5 months ago

Working in IT sector? Infosys, Wipro & TCS' average salary hikes are much less than you think

Hindustan Times  

Employees of India's top three IT companies with only generic skills are seeing salary hikes fall to single-digit percentages of 5-9% in the financial year 2023-24 after a two-year period of double-digit growth, the Times of India reported, adding that this is due to clients of the companies reducing their spending due to economic challenges. Employees of India's top three …

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 …

Almost reached pre-pandemic levels on work from office, will soon stop tracking the number: TCS
5 months, 1 week ago

Almost reached pre-pandemic levels on work from office, will soon stop tracking the number: TCS

New Indian Express  

MUMBAI: The country's largest IT services exporter TCS has reached pre-pandemic levels on the percentage of employees working from offices, a top official has said. Admitting that it took longer than expected, the Tata Group company's chief of human resources Milind Lakkad said the levels have been achieved after 18 months of "hard" efforts. "We actually have come to the …

TCS share price jumps after Q1 results, brokerages say 'worst is over' for the stock
5 months, 1 week ago

TCS share price jumps after Q1 results, brokerages say 'worst is over' for the stock

Hindustan Times  

Tata Consultancy Services' shares gained today after India's top IT services firm reported first-quarter results which signalled early signs of revival for the sector. TCS' growth across all verticals, excluding telecom, coupled with net hiring at a seven-quarter high, are signs of a revival, Jefferies said after TCS Chief Executive K Krithivasan said that he expects FY25 to be better …

TCS Q1 results: Net profit grows 8.7% to ₹12,040 crore
5 months, 1 week ago

TCS Q1 results: Net profit grows 8.7% to ₹12,040 crore

The Hindu  

Tata Consultancy Services Ltd reported consolidated first quarter net profit grew 8.7% year on year to ₹12,040 crore despite degrowth in several business YoY. Commenting on the results K Krithivasan, Chief Executive Officer and Managing Director, TCS said: “I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets.” “We are …

TCS Q1 Results Beat Estimates: Net Profit Up 9% to Rs 12,040 Crore, Rs 10 Dividend Declared
5 months, 1 week ago

TCS Q1 Results Beat Estimates: Net Profit Up 9% to Rs 12,040 Crore, Rs 10 Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Thursday reported a 9 per cent rise year-on-year in its consolidated net profit to Rs 12,040 crore for first quarter of the financial year 2024-25 ended June 30. “We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of ₹ 10 …

More job losses? 10,000 freshers from major IT firms Infosys, Wipro and TCS await onboarding: Report
6 months, 1 week ago

More job losses? 10,000 freshers from major IT firms Infosys, Wipro and TCS await onboarding: Report

Live Mint  

India's major IT sector is causing major onboarding delay issues for freshers. The IT employee union Nascent Information Technology Employees Senate data revealed that at least 10,000 freshers who were offered jobs in the past two years have not yet been onboarded by IT companies, Times of India reported. As per the report, Harpreet Singh Saluja, the President of the …

Dividend stock 2024: Tata Consultancy Services stock in focus as TCS shares to trade ex-dividend today
7 months, 1 week ago

Dividend stock 2024: Tata Consultancy Services stock in focus as TCS shares to trade ex-dividend today

Live Mint  

Dividend stocks 2024: Shares of Tata Consultancy Services Ltd will be in focus when the stock market opens on May 16. TCS dividend details In a stock exchange filing, Tata Consultancy Services said: “The Board of Directors at its meeting held on Friday, April 12, 2024 had recommended a final dividend of ₹28 per equity share of ₹1 each of …

How much India’s largest IT services firm TCS paid its CEO K Krithivasan in FY24
7 months, 2 weeks ago

How much India’s largest IT services firm TCS paid its CEO K Krithivasan in FY24

Hindustan Times  

Tata Consultancy Services CEO and managing director K Krithivasan took home a salary of ₹25.4 crore n financial year 2023-24. As per TCS's FY24 annual report, his remuneration includes compensation for the full year, with his service as the company’s global head for banking, financial services and insurance from April 1, 2023 to May 31, 2023 and CEO and managing …

TCS headcount dropped by over 13,000 in the previous fiscal: Report
8 months, 1 week ago

TCS headcount dropped by over 13,000 in the previous fiscal: Report

Hindustan Times  

Information technology giant Tata Consultancy Services has reported a slump in its headcount for the third consecutive quarter, a first in 19 years. In fiscal 2022, TCS had added 103,546 employees, while the number stood at 40,185 employees in FY21 As per the report, TCS headcount dropped by over 13,249 for the financial year, and on a sequential basis, the …

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 …

TSC stock soars over 4 per cent as Q3 income rises 8 per cent to Rs 11,735 crore
11 months, 1 week ago

TSC stock soars over 4 per cent as Q3 income rises 8 per cent to Rs 11,735 crore

India TV News  

Tata Consultancy Services shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore. TCS, the largest software exporter, reported an 8.2 per cent growth in net income for the …

TCS Q3 Results: Net Profit Rises 8.2% To Rs 11,735 Crore, Revenue Up 4%; Rs 18 Special Dividend Declared
11 months, 1 week ago

TCS Q3 Results: Net Profit Rises 8.2% To Rs 11,735 Crore, Revenue Up 4%; Rs 18 Special Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Thursday posted a growth of 8.2 per cent year-on-year in its net profit to Rs 11,735 crore for the third quarter ended December 2023. Its revenue during October-December 2023 rose 4 per cent year-on-year to Rs 60,583 crore driven by strong double-digit growth in emerging markets, led by India. “We would …

TCS Q3 net profit rises 2 per cent to Rs 11,058 crore, revenue surges 4 per cent YoY
11 months, 1 week ago

TCS Q3 net profit rises 2 per cent to Rs 11,058 crore, revenue surges 4 per cent YoY

India TV News  

India's largest IT services company, Tata Consultancy Services, reported a net profit of Rs 11,058 crore in the quarter ended December 31, 2023, marking a 2 percent YoY increase from Rs 10,846 crore in the corresponding quarter of the previous fiscal year. Consolidated revenue rose 4 percent YoY, reaching Rs 60,583 crore in the three months to December 31, according …

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report
1 year ago

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report

News 18  

IT companies in India, including TCS, Infosys, HCL Tech and Wipro, have hired fewer employees in the past four quarters, due to demand slowdown, reduction in attrition levels and excessive hiring during the pandemic, according to a report by ratings agency ICRA. However, the average last twelve-month attrition for IT companies declined to 14 per cent as of September 2023, …

TCS to revise rates for staffing firms
1 year, 2 months 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 Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared
1 year, 2 months ago

TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Wednesday kick-started India’s Q2FY24 earnings season. The company posted an 8.73 per cent growth in its net profit to Rs 11,342 crore for the September 2023 quarter. The board of directors also approved a proposal to buyback up to Rs 4,09,63,855 equity shares of the company for an aggregate amount not …

TCS Q2 Results Today: Profit, Revenue Growth Likely To Be Muted; Know Key Things To Watch Out For
1 year, 2 months ago

TCS Q2 Results Today: Profit, Revenue Growth Likely To Be Muted; Know Key Things To Watch Out For

News 18  

TCS Q2 Results To Be Out Today: Tata Consultancy Services, India’s largest IT services provider, will on Wednesday kick-start the Q2 earnings season. Update: TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared Forecasting a single-digit growth, brokerage firm Kotak Instiutional Equities in its report said, “We forecast marginal revenue growth due …

TCS Q2 results: Net profit rises 8.7% to Rs 11,342
1 year, 2 months ago

TCS Q2 results: Net profit rises 8.7% to Rs 11,342

India TV News  

The country's largest software company Tata Consultancy Services on Wednesday said its net profit increased 8.7 percent year-on-year to Rs 11,342 crore in the September 2023 quarter. Its revenue from operations rose 7.9 percent year-on-year to Rs 59,692 crore in the reporting quarter from Rs 55,309 crore a year ago, the company said. The company's operating profit during the reporting …

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 …

How TCS, HCL Tech shares may react on Thursday after Q1 numbers?
1 year, 5 months ago

How TCS, HCL Tech shares may react on Thursday after Q1 numbers?

Live Mint  

IT giant Tata Consultancy Services may escape the wrath of bears on Thursday's trading session as it surprised streets by reporting solid Q1 earnings for FY24 despite some pressure in margins, although volatility will be seen in the stock price. Siddharth Bhaisora, Investment Advisor at Wright Research said, "Both TCS and HCL Tech have shown resilience in navigating the challenging …

TCS Q1 Results: Net profit jumps 16% on year to ₹11,074 cr; declares dividend
1 year, 5 months ago

TCS Q1 Results: Net profit jumps 16% on year to ₹11,074 cr; declares dividend

Live Mint  

Information Technology services major, Tata Consultancy Services Ltd on Wednesday reported an 16.84% year-on-year rise in its consolidated net profit for the fiscal's first quarter ended June to ₹11,074 crore. The IT company's consolidated revenue from operations stood at ₹59,381 crores during the quarter ended June from ₹52,758 crore in Q1FY23. The company's consolidated total income for the quarter ended …

Krithivasan takes charge as TCS CEO
1 year, 6 months ago

Krithivasan takes charge as TCS CEO

Live Mint  

K. Krithivasan, who was unveiled as the chief executive officer-designate for Tata Consultancy Services on 16 March, will on Thursday assume full-time charge of India’s largest information technology services firm by market cap. Ruchi Mukhija, vice-president at financial services firm Elara Capital, said, “With Krithivasan being an internal person, combined with how we’ve seen TCS handle past leadership changes, we …

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 …

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 smashes Q4 profit view on strong deal momentum: Report
1 year, 8 months ago

TCS smashes Q4 profit view on strong deal momentum: Report

Hindustan Times  

Tata Consultancy Services Ltd reported a bigger-than-expected rise in fourth-quarter profit on Wednesday as India's top IT exporter saw firm demand for digital services despite a challenging macroeconomic backdrop. The company's net profit rose 14.8% to 113.92 billion rupees in the three months ended March 31, from 99.26 billion rupees a year earlier. Analysts on average had expected a profit …

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 …

TCS Q4 results today: Key things to watch out for
1 year, 8 months ago

TCS Q4 results today: Key things to watch out for

Live Mint  

Tata Group-backed TCS will kick start the fourth quarterly earning season for India Inc today with its financial results. Here are key things to watch out for in TCS Q4 results in today 1) Revenue growth: Analysts' believe that overall growth for Q4 is expected to be less than Q3. Brokerage firm Axis Securities expects TCS to report revenue growth …

India IT services biz set to sink to three-year lows in March qtr
1 year, 8 months ago

India IT services biz set to sink to three-year lows in March qtr

Live Mint  

NEW DELHI : Homegrown IT services firms are likely to close the last financial year on a sombre note, with analysts predicting three-year lows for the sector on various metrics such as deal bookings and revenue growth. The March quarter performance could also set the tone for FY24, in which experts expect deferred deals for the industry leading to slower …

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 shares trade ex-dividend post declaring special dividend; stock rises
1 year, 11 months ago

TCS shares trade ex-dividend post declaring special dividend; stock rises

Live Mint  

Shares of Tata Consultancy Services rose to ₹3,320 apiece on the BSE in Monday's opening deals as the stock started trading ex-dividend on Monday, a day ahead of its record date for the interim and special dividend announced during Q3 results. While announcing its Q3 FY23 earnings, TCS' board of directors also declared a third interim dividend of ₹8 and …

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 …

Cooling hiring frenzy is good news for IT firms
2 years ago

Cooling hiring frenzy is good news for IT firms

Live Mint  

High attrition rates have been a headache on the margin front for Indian information technology services providers. Industrial policy eyes forex pile for finance Cartels may get to settle cases without admitting offence A further sequential moderation would be on the back of a slowdown in hiring trends. In Q2, net employee hiring for IT services companies halved year-on-year to …

TCS, Infosys, Wipro, HCL Tech Face High Attrition Rates; Know What Experts Say On The Issue
2 years, 2 months ago

TCS, Infosys, Wipro, HCL Tech Face High Attrition Rates; Know What Experts Say On The Issue

News 18  

IT companies — Tata Consultancy Services, Infosys, Wipro and HCL Tech, among others — are facing high attrition rates and the IT sector’s average attrition rate is currently as high as 25 per cent. HCL Tech’s attrition remained at 23.8 per cent in Q2FY23, TCS attrition rate in IT services was 21.5 per cent during the September 2022 quarter. Wipro’s …

How TCS shares are likely to perform today after Q2 results
2 years, 2 months ago

How TCS shares are likely to perform today after Q2 results

Live Mint  

Tech giant, Tata Consultancy Services crossed the ₹10,000 crore mark in terms of profitability during the second quarter of FY23. On the overall financial performance, Emkay's note said, " TCS reported revenues of $6.88 billion, up 1.4%/8.6% QoQ/YoY, a tad below our expectations of $6.91 billion. Meanwhile, Mitul Shah, Head of research at Reliance Securities said, "TCS reported marginally better …

TCS Q2 Result: Net Profit Rises 8.4% YoY To Rs 10,431 crore, Revenue Up 18%; Dividend Declared
2 years, 2 months ago

TCS Q2 Result: Net Profit Rises 8.4% YoY To Rs 10,431 crore, Revenue Up 18%; Dividend Declared

News 18  

TCS Q2FY23 Results: India’s largest IT services company Tata Consultancy Services on Monday reported a consolidated net profit of Rs 10,431 crore for the September 2022 quarter, a jump of 8.4 per cent on a year-on-year basis. On a sequential basis, TCS‘ net profit witnessed a 10.05 per cent jump from Rs 9,478 crore in the previous quarter. TCS’ total …

TCS Q2: Net profit rises by 8.3% to ₹10,431 cr
2 years, 2 months ago

TCS Q2: Net profit rises by 8.3% to ₹10,431 cr

Live Mint  

The country's largest software services firm, Tata Consultancy Services, on Monday reported a 8.3 per cent rise in consolidated net profit to ₹10,431 crore for the September 2022 quarter. This is against a net profit of ₹9,624 crore in the year-ago period, TCS said in a regulatory filing. The consolidated revenue of the IT major grew by 18 per cent …

TCS attrition rate spikes to 21.5%, adds 9,840 new employees in Q2FY23
2 years, 2 months ago

TCS attrition rate spikes to 21.5%, adds 9,840 new employees in Q2FY23

Live Mint  

IT services firm Tata Consultancy Services saw attrition for the September quarter come in at 21.5%. While announcing its results for the second quarter of FY23, TCS' workforce stood at 616,171, a net addition of 9,840 employees during the quarter. In the June quarter, TCS had said that the rate of attrition was at 19.7% while in the March quarter, …

IT Hiring Likely To Be Cut By 20% In Next Financial Year 2023-24, Says Report
2 years, 2 months ago

IT Hiring Likely To Be Cut By 20% In Next Financial Year 2023-24, Says Report

News 18  

After a hiring boom in the software services sector during the pandemic, companies are likely to cut campus and entry-level hiring by as much as 20 per cent in the next financial year 2023-24, according to a livemint report. In the June 2022 quarter, TCS’ attrition rate stood at 19.7 per cent on a last twelve-month basis. The attrition rate …

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 Delays Variable Pay for Some Employees In June Quarter: Report
2 years, 4 months ago

TCS Delays Variable Pay for Some Employees In June Quarter: Report

News 18  

Days after IT major Wipro paused variable pay for mid- and senior-level staff, India’s largest IT services company Tata Consultancy Services is also following suit and has delayed performance bonus and variable compensation for some employees for the June 2022 quarter, by a month. To battle this issue, many IT companies including Wipro, Infosys, Tata Consultancy Services and HCL Technologies …

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