The most recent round of pay increases.
The news agency PTI said on Tuesday, September 2, that Tata Consultancy Services (TCS), the biggest IT company in India, had announced its most recent round of pay increases, which will be between 4.5% and 7% for the majority of its staff.
People familiar with the situation told the news agency that the Tata Group company began delivering letters of increment to its workers on the evening of September 1st. The pay increases would take effect in September 2025.
This comes after discussions about a possible pay increase were put on hold for the past two months due to uncertain market conditions. Additionally, the report noted that the company did not respond to the email inquiries.
To what extent did TCS increase salaries?
The report claims that TCS has lifted the pay of its middle- and lower-level workers. The news agency was abreast, by those with ability, of the development that the company’s top performers received pay increases exceeding 10%.
TCS Wear rate.
TCS’s attrition rate for the April-June quarter climbed from 13.3% at the end of the fourth quarter of the fiscal year 2024–2025 to 13.8% on a last-twelve-month (LTM) basis as of the end of the April-to-June quarter of FY2025-26.
In comparison to the same quarter last year, the attrition rate for the first quarter of the fiscal year 2025–2026 increased slightly.
Milind Lakkad, the executive vice president and chief human resources officer of TCS, stated in July that the company had not decided to raise employee salaries.
The company was working to reduce its attrition rate, which hit a two-year high at the end of the first quarter of the fiscal year 2025–2026, the chief human resources officer also told the media.
During the press conference, he stated, “We are working to bring it down.”
