TCS salary hike News
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TCS Delays Salary Hikes: The IT major’s consolidated net profit for Q4 fell nearly 2 per cent year-on-year (YoY) to Rs 12,293 crore.
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TCS classifies its employees into various categories based on their positions and seniority within the company.
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TCS Salary Hike: Tata Consultancy Services (TCS) faced a massive loss in market value this week, shedding Rs 53,185.89 crore as its shares dropped 2.82 per cent between February 17-21.
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The annual increment will be based on performance. The high-performers are slated to receive double-digit increases.
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Media reports circulating saying TCS to give 100% variable to its employees as Christmas gift.
30% employees will get variable on the basis of performance.
However, a source close to the affairs, has told Zee Media that the news isn't true.
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The country's largest IT firm Tata Consultancy Services (TCS) has given 8-12 percent salary hike to employees this year, even as the software major today said it expects to hire lesser number of people (gross) on account of higher efficiency and increased automation of processes.
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