During the year, the company's employee cost rose to FY15 levels of around 54 per cent of total revenue.
“While we continue to hire talent from outside, we have doubled down on investing in internal talent development at scale, empowering individuals to acquire skills that will keep them relevant in an evolving technology landscape. In FY 2018, over 247,000 employees were trained in digital technologies, resulting in them gaining over 861,000 digital competencies,” said Gopinathan in a note to investors.
TCS doled out 120 per cent quarterly variable pay in fourth quarter ended March 31st as it passed on benefits of strong quarter results. The company also announced salary hikes for FY19 in the range of 2-6 per cent depending on geography.
During Q4 results Gopinathan had said, “We have given low single digit wage hikes in the developed markets and high single-digit hikes in developing markets, with high performers getting increases at the higher end of those bands." The salary was effective from April 1st.
TCS also reduced attrition rate by 10 basis points to 11 per cent in the Q4 with the total headcount reaching 394,998 with net addition of 4,118 employees over the quarter.