Is TCS increase salary in 2020?

According to the sources, “With FY22 salary hike TCS Employees will get around 12-14\% average increment in six months time. TCS reported 7\% increase in net profit for the quarter ending 31 December, 2020 at ₹8,701 crore. The company benefited from greater demand for its cloud services during the COVID-19 pandemic.

What is the expected hike in TCS 2021?

TCS, Infosys, IT Companies On Hiring Spree: 120\% Salary Hike, Bonus to Joinees.

Will TCS employees get a salary hike in 2020?

The company also said that while there will be no hike in salaries, it would also not lay-off any employees. Here are the highlights from TCS’s conference call today held on occasion of declaration pf Q4FY20 quarterly results. There will be no TCS salary hike in 2020 or increment for nearlyy 4.5 lakh of its employees.

How many employees does TCS currently have?

Milind also said that promotions will continue, but the quantum will depend of business performance and will be evaluated every quarter. TCS currently has 448,464 employees as of March 31, 2020. These announcements came as the company announced its financial earnings for Q4 of FY20 and for the financial year 2019-2020.

What are the highlights of TCS’s Q4 FY20 results?

Here are the highlights from TCS’s conference call today held on occasion of declaration pf Q4FY20 quarterly results. There will be no TCS salary hike in 2020 or increment for nearlyy 4.5 lakh of its employees. The company will honor its commitment to recruit new hires and campus placements.

Is TCS planning to retrench employees?

However, TCS CEO and MD Rajesh Gopinathan said that he doesn’t see any retrenchment happening. TCS will also be honouring all campus offers made this year. According to Milind Lakkad, EVP and Global Head of Human Resources at TCS, 40,000 campus offers were made this year.