‘No decision yet’ on TCS wage hike, increment deferred for another quarter
Tata Consultancy Services (TCS) has deferred the rollout of increments for its employees by another quarter. The firm’s consistent delay in decisions comes with a comment from TCS Chief HR Officer Milind Lakkad, who said, “We haven’t been able to take a decision yet on wage hike cycle.”
As per records, TCS started the wage hike cycle by April 1 of each fiscal year. TCS increased its workforce by 5,090 employees in Q1, taking the total headcount of India’s largest software exporter to more than 6,13,000 people.
