Heavy hike in salary for TCS employees, double whammy for good workers Big salary for TCS employees, double bang for good workers

Bengaluru, April 14: India's largest IT services company Tata Consultancy Services (TCS) has announced the annual salary of its employees. Good workers are paid twice.

Salaries will average 4.5-7, based on Chief Human Resources Officer Milind Lakkad in a company statement on April 12. Good workers are said to get double the amount.

According to an Economic Times report, TCS plans to hire around 40,000 freshers this year, among whom are already in the earlier recruitment process to apply. TCS reported a net reduction of 1,759 employees during January-March 2024. With this the number of employees of the company as on March 31, 2024 is 6,01,546. The total number of employees of TCS is the lowest in the last two years.

The March 2024 quarter was the third consecutive quarter in which total employees declined at the company. TCS' workforce was cut by 5,680 employees in the previous October-December 2023 quarter. This brings the total number of employees to 603,305. Overall, TCS has reduced its workforce by 13,249 jobs in the financial year 2023-24.

The attrition rate for IT services continues a downward trend. 12.5 percent in the March 2024 quarter. Milind Lakkad, Chief HR Officer, TCS said, “Our campus recruitment, increased customer base and positive response to employees returning to the office with a reduced attrition rate of 12.5 per cent have added to the vibrant atmosphere in our distribution.

Tata Consultancy Services on Friday reported a 9.1 percent growth in its March quarter. Net profit was Rs 12,434 crore. is The company's net profit for the financial year 2023-24 rose 9 percent to Rs 45,908 crore, according to an exchange filing. The Tata Group company's profit after tax was Rs 11,392 crore in the January-March period last year. That is. In the March quarter, its revenue stood at Rs 61,237 crore, up 3.5% year-on-year. is