There has been plenty of buzz surrounding TCS’ apparent rollout of hikes.
Media confusion
Some outlets have been reporting that the company was awarding the hikes in celebration of its revenue crossing the Rs 10,000 crore-mark.
It reported Rs 10,431 crore net profit, crossing the Rs 10,000 crore mark for the first time in a quarter.
Other reports have said that the payout was taking place in an effort to lure back employees to the office, while others have said it was a Christmas hike.
Debunked claims
However, company officials have refuted this, calling it fake since the company has not officially or formally announced any such hike.
Media reports were circulating which stated that TCS is offering a salary hike up to 20 per cent for 70 per cent of its employees.
They reported that this was combined with 100 per cent variable pay for over 4 lakh employees.
These claims are false and stakeholders are advised to not fall for them since TCS has not issued any communique validating the news.
Disappointment once again
Tech giants in India and globally have liberally let go of people throughout 2022.
So claims of such handsome price hikes were bound to bring some much needed joy to people
Not just that, TCS is said to be one of the most secure employers since when mass layoffs were taking place elsewhere, the firm was reported to make 1200 new jobs.
Actively expanding workforce
During July-September 2022 it reported a net addition of 9,840 employees.
This takes its headcount, as of September 30, 2022, to 6,16,171.
Apart from the high count the workforce is a diverse one, comprising 157 nationalities and with women making up 35.7 per cent of the base.
The firm has been servicing demand around new technologies by continually investing in organic talent development.
Attrition
Its attrition rate stood at 21.5 per cent during the September 2022 quarter.
This is a growth over the 19.7 per cent registered in the previous quarter.
