Tata Consultancy services , who attrition rated rose to 17% towards the end of 2021 , announced Salary Hikes for it's over 5 lakh Employees on Friday Evening.
Tata Consultancy CEO Rajesh Gopinathan , while Announcing Earning updates in April stated that they are looking to provide similar hikes as was given in Financial Year 2020-2021 but towards upwards bias,
Because of this statement by Tata consultancy CEO Rajesh Gopinathan , there was speculation in the News that because of such higher attrition rates , TCS will be looking to provide hikes which are not usual i.e this time employees are expected to receive higher salary hikes.
Appraisal Platform Speed Goes down after Band Release :
As soon as Bands were released , The performance management platform Speed saw a huge increase in the number of users accessing it at the same time , resulting into a crash .
The performance management platform Speed was not accessible even after a couple of hours of Band release.
Annual Appraisal / Hike System in TCS:
Tata Consultancy Services usually provides Hikes in three bands , namely A , B and C . A band is expected to get hike around 8-10% , B band is expected to get hike around 6-8% and C band is expected to get hike around 5-7%.
Since Tata consultancy Services made a huge profit in Financial Year 2021-22 , therefore it is expected that these hike percentages might go up by a factor of maybe a couple percentage.
Work From Office News for TCS Employees :
While announcing Earning updates in April , Tata Consultancy CEO , Rajesh Gopinathan also stated that they are looking to bring employees back to office as well . It was also stated that most of the senior Employees have started working from office , twice a week and they are looking to increase the head count at office gradually , meaning that junior staff will also continue to work from office in near future.
In a Statement , TCS officials stated , "As we now welcome our associates back to office, there is now a greater need to focus on all aspects of safety be it road safety, health safety, safety from external crime, women safety or emotional wellbeing and we must ensure we do not lose our focus but work tirelessly to make this transition smooth, safe, and enjoyable for all. While we now know the importance of prioritizing personal wellbeing in our lives to prosper, stay happy and thrive well, let us not forget Safety is the first step in your wellbeing journey- Put your Safety First! "