TCS changes its hike structure, does away with anniversary hikes

The changes come at a time when the industry is seeing demand constraints from its majority market and budgets are under pressure and deals are taking time to close

India’s largest IT services player Tata Consultancy Services (TCS) has put a stop to its anniversary hikes for lateral hires, who complete a year at the company. This is effective April 1, 2022.

Instead, the company will now follow the industry norm of annual salary hike. According to sources in the know, the anniversary salary hike will be given to freshers as usual. 

When contacted, a TCS spokesperson said, “We have always had increments in line with industry benchmarks. Even during the pandemic, we ensured that our increment cycles were unaffected. It is incorrect to suggest otherwise. All experienced hires