India’s largest IT services company Tata Consultancy Services (TCS) on Friday announced a pay increment to all its associates for financial year 2021-22. It would come into effect from April 2021.
“This step is a reflection of our steadfast commitment to our associates,” Moneycontrol quoted a TCS spokesperson as saying.
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 the second salary hike which the TCS would carry out within a period of six months. The last year’s increment cycle got delayed due to the Covid-19 pandemic.
The company’s employees will get nearly 12-14 per cent average salary hike as per the company norms, Moneycontrol quoted sources as saying. As per the regular promotion cycle, TCS will also continue to offer promotions to its employees.
On March 18, IT and professional services company Accenture said it will give one week of base pay as one-time bonus to all employees for their contribution during the challenging year. The move will benefit around 2 lakh employees the company has in India.