TCS to roll out salary hikes for all employees, effective October 1

Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase

After a pause, IT industry leader Tata Consultancy Services (TCS) has decided to go ahead with salary hikes for all its employees. The salary hikes would be effective from October 1, the company said. The quantum of the raises is being worked out.
 
Soon after the outbreak of the pandemic, the Mumbai-headquartered company, while announcing its Q4 and FY20 results in April, had decided to freeze the salary hike decision as a cautionary move.
 
“The salary increase will be across all bands of employees and it (the quantum) will be similar to what we had done in the