TCS to roll out salary hikes to over 4.5 lakh people in October; hired over 9K people in Q2

IT major Tata Consultancy Services will roll out salary hikes from October for all its over 4.54 lakh employees as the company saw “multi-year” growth return on the back of global clients stepping up technology spend. The company added 9,864 people, the highest in the last three quarters.

TCS had given promotions early this year but had deferred hikes due to the impact on business due to Covid-19 in the first quarter.

“TCS delivered on three core pillars. Deep connect with our customers, contextual knowledge and deep relationships. Ahead of the curve investment in transformative technologies and unrelenting focus on talent,”TCS CEO Rajesh Gopinathan.

He said the company had hired over 7000 freshers of the total 16,000 people who joined in the quarter.

“The supply side issues of the last quarter have largely been resolved,” said TCS COO N G Subramaniam. TCS had a attrition of 8.9%

In April, TCS expected demand in the third quarter but as companies increased investments in cloud, demand for services has advanced in the second quarter.

Gopinathan said that the company is more confident about the second half of the year, “I believe that we are in the midst of a sustainable demand recovery when we look at conversations with customers as well as when we look at our current and expected pipeline going forward.

TCS lost 34 people due to Covid-19, said Subramaniam.


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