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In an estimate-defying Q4, TCS announces 120% variable pay for employees

Company says will focus on just-in-time hiring, according to business demand

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(From left) Head of Global Human Resources Ajoyendra Mukherjee and TCS CEO & MD Rajesh Gopinathan at a press conference to announce the company's Q4 financial results in Mumbai (Photo: Kamlesh Pednekar)

Romita Majumdar Mumbai

Last Updated : Apr 19 2018 | 11:53 PM IST

Tata Consultancy Services (TCS) doled out 120% quarterly variable pay in fourth quarter ended March 31st as it passed on benefits of strong quarter results. The company also announced salary hikes for FY19 in the range of 2-6% depending on geography.

The earnings season has so far been favourable for IT professionals as India’s second largest IT company Infosys announced an Rs 652-million bonus payout for its employees last week.

MD and CEO, Rajesh Gopinathan said, “We have given low single digit wage hikes in the developed markets and high single-digit hikes in developing markets, with high performers getting increases