TCS Salary Hike: According to media sources, the IT major’s yearly pay would rise by up to 8% starting in April 2025 for the fiscal year 2025–2026. Employees at the company, however, are nonetheless dissatisfied and worried about the declining rates of raises.
Salary increase at TCS: According to the Economic Times, which cited persons familiar with the matter, TCS, the biggest IT company in India, plans to raise its employees’ yearly salaries by 4 to 8% for the fiscal year 2025–2026.
According to the news source, the reimbursements are anticipated to begin in April 2025.
Additionally, Tata Consultancy Services has tied its variable payouts and wage increases to the employees’ adherence to the return-to-office directive that was released in early 2024.
“We have been conveyed the hikes will be around 4-8 per cent. The business verticals which have done well typically get more hikes but overall increments have not been too good,” an IT firm employee told the press portal.
The news article claims that TCS did not answer any questions about this development.
For qualified employees, the most recent possible increase will be implemented after the quarterly variable pay (QVP) for the October–December quarter. According to the article, senior-level employees will continue to get lesser rewards, often between 20 and 40 percent.
Another eight-year TCS employee told the news outlet, “The hikes have been meagre each year for the past at least three-five years,” They claimed that “It has been on the decline since the exit of former chief executive N Chandrasekaran,”.
Trends in the IT Industry
According to the source, Infosys Limited, the second-ranked IT major in India, announced that it is working on salary increases for its employees based on the delivery units’ suggestions and that employees will receive letters requesting yearly compensation revisions by the end of March 2025.
Numerous media outlets have reported that Infosys plans to raise its employees’ yearly compensation by 5% to 8%.
According to the news portal, India’s $254 billion IT sector is gradually slowing down from double-digit growth during the COVID-19 pandemic to single-digit growth in recent years.
(The report could not be independently verified by StorifyNews.)
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