TCS salary hike 2010 declared with TCS q4 results
TCS salary hike 2010 has been declared with TCS q4 results. TCS has decided to give salary hike during FY 2010-2011. However the exact amount of salary TCS salary increment is yet to be decided.
TCS employees have been living with no salary hikes for last one year due to recession. It seems that good times are here again for 1,50,000 TCS employees. TCS salary hike 2010 has been annouced after Infosys has done so recently -following the trend in market.
Ajoy Mukherjee TCS global head of HR said that TCS has decided to give salary increments during financial FYE March 2011. Here is a summary of what he indicated:
- There definitely will be a wage hike in TCS
- The quantum TCS salary hike 2010 is not finalised
- TCS is We are considering three options
Salary Structure of TCS
The company will maintain the salary structure it moved to in FY10 that is:
Quarterly variable component + Annual variable component
- The Variable components at the junior level is around 20% and at senior levels it is as high as 45%.
- Quarterly variable component is based on the company and business unit’s performance
- Annual variable component is based on the individual’s performance.
There are speculations among employees as to what will be the hike. However some unconfirmed sources peg the hike to be be between 10 to 15% across the board.
If you have any information related to TCS salary hike 2010 or want to discuss same – write in commets below.
Tags: TCS salary hike 2010, TCS salary incrementRelated posts
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Comments • comment feed
All tcs’ers are deeply hurt by the meager hike, avg. 10%. that too this % is dependent varies from business to business units. ppl who got promoted will hv their new salary only after staying in that grade for 1 year. makes no sense. reallly bull shit. aftr slugging for long 2 years with no hike this came along as a shock. m sure atleast 10K tcs’ers will leave in d month of may/june including me too.
April 20th, 2010
I agree with you. All our grades got depromoted. 3 yrs guys are depicted as “trainees” and 2 yr employees got the letter as “ASE”. This is ridiculus. None of the IT companies did a cunning move like this. I am 200% sure that there will be a huge attrition in forthcoming months.
April 20th, 2010
I am also the sufferer because of this bullshit decision..
April 21st, 2010
TCS is one of the companies, which ticks the right boxes in terms of getting publicity, but actually does nothing to really benefit the employees!!! To give you examples:
- You get promotion, but your Variable Allowance does not change to the new grade till you finish one year! and this time it is ELAPSED 1 year since promotion.
–The earliest people got promotion last year was July, so they will not get new grade Variable Allowance for another 3 months. So in effect they pay new grade VA only for 3/4 of the year.. smart managment.
-They say only 10-11% attrition. well 10-11% of 140000 is 14000 people, who left last year.. these would be the better ones in terms of quality/ capability/ experience. So doing all these third rate tactices it is hurting itself. nothing else!
-while most people on the ground seem to have got 2-10% hike, I am sure the mangement would have given themself a massice hike, which would have got the increment averages up for tcs records and publicity!
-Guess most people who are really good in TCS, will start leaving the company slowly..
April 21st, 2010
I am also not satisfied with salary hikes,planning switch company.for me literalyy there is no increment at all from last year to this year.bull shit……….
April 21st, 2010
After slogging for 2 years, this is real bullshit. You need to be a shareholder in TCS to get benefits, not a stakeholder.
April 21st, 2010
I wonder how these guys sleep at night after doing this to employees who have been loyal to TCS for so long. Do they not realise that they are ill treating the very employees that makes it possible for TCS to show the high revenues?
April 21st, 2010
Yes , i am also hurted with all this bullshit done by TCS .I though this company takes care of their employees , but i was wrong and now i will surely switch to other comany , i think i am taking this decison too late , i should have done this long before , i though i’ll get someting good in this appraisal .
Lets come come together fight against this injustice .
April 21st, 2010
TCS says that they have give n salary hike of 10 % .
But it is absolutely myth and on actual ground they have give only 6 % to me .
I am sure they have given higher hikes to Higher grade people.
Bullshit …………….
April 21st, 2010
TCS is a fuc**** piece of shit ruled by mindless creatures with cunning strategies to suck out the real potential of the employees…
May 17th, 2010
tcs is a very bad company.they scold employees like a bull dog.THEY HIT EMPLOYEES WITH SANDALS AND TELL
EMPLOYEES TO CONSIDER THEMSELVES LIKE A KUTTA
July 11th, 2010
leave tcs enmass
August 13th, 2010