There is great news for the employees. An increase in their salary will be seen. Employees can be given the benefit of 12 to 15% increment. After which the salary of the employees can increase up to ₹ 55000.
Employees Salary Hike, Employees Increment: The process of increasing the salaries of government employees continues. At the same time, the employees of private sector will also be given the benefit of increase in salary. This year, the private sector giant has made an important announcement on the increment of the employees. After which a bumper increase in the salary of the employees can be seen.
Benefit of equal increment
India’s largest IT services company TCS reported Q4 profit that beat analyst estimates. However, this will not affect the salary of the employees. Tata group farm workers will get the same pay increase in 2024 as in 2023.
12 to 15 percent increment benefit
According to media reports, TCS Chief Human Resource Officer Milind Lakkad has said that the employees performing well will be given the benefit of 12 to 15 percent increment in the current financial year, while others will get the benefit of increment in the range of 1.5 to 8 percent. May go.
Benefits of variable pay out
According to the report of Economic Times, Milind Kakkar has also said that the employees will also be given the benefit of 100 percent variable pay out for the quarter. According to Milind Kakkar, TCS will grow this year as well, as it has been doing in the past. High performers can be given increments of 12 to 15 per cent basically, while for others this figure has been kept at 1.5 to 8 per cent.
As per the data, Tata Consultancy’s total workforce as on March 31, 2023 was 614795, a net addition of 821 in the fourth quarter and 22600 for the year. Tata Consultancy on Wednesday reported a 14.8% rise in its net profit to Rs 11,436 crore for the quarter ended March 2023. The same TCS’s net profit was Rs 9959 crore in the same period last year.
