“The salary increase will be across all bands of employees and it (the quantum) will be similar to what we had done in the past,” said Milind Lakkad, chief human resources officer at the Tata Group company.
With this, TCS
has become the first among the Indian IT firms to announce wage hike.
In the second quarter, attrition for the IT firm hit an all-time low of 8.9 per cent, a fall of 120 basis points on quarter-on-quarter basis.
The total headcount of the company rose by 9,864 at 453,540 staffers by the end of September quarter.
had virtually onboarded 7,200 trainees in India, around 1,000 in the US and close to 100 in Europe during the quarter. “The business model is strong enough to withstand any challenges,” said Lakkad, when asked about the Donald Trump administration tightening the visa rules for H1B applicants.