TCS to roll out salary hikes for FY22; move to benefit all employees

New Delhi: Tata Consultancy Services (TCS) will hand out across-the-board salary increments for 2021-22, becoming the first IT services company to do so for the upcoming fiscal.

The salary hike roll-out will benefit nearly 4.7 lakh employees of the company.

The average increment band for offshore employees is expected to be 6-7 per cent as per norms, sources privy to the development told .

This would be the second salary hike within six months by TCS.

When contacted, a TCS spokesperson confirmed that the company is on track to give increments to all associates across geographies effective April 2021, in line with its benchmarks.