Tata Consultance Services (TCS) has postponed its annual wage rise, which was scheduled to start in April, noting the constant overall economic uncertainty and concerns about the advanced American introductory scene.
The company’s executive officials, speakers at a press conference on Thursday, said that the increases will be launched later in the fiscal year, as soon as the environment stabilizes and the company acquires a clearer vision.
“We will decide during the year when the wages are raised,” said Milind Lacciest, chief outgoing human resource official (Chro).
This step is a similar step that TCS took five years ago at the beginning of the Covid-19 pandemic, when international works were severely disrupted. It also confirms the current caution in the information technology sector, where companies are closely managing costs amid client uncertainty.
The CEO KRTHIVASAN, CEO, noted that the company has already started to see the signs of stress in customer spending habits.
He said: “There will be a delay in estimated spending if this continues,” which highlights the project delay and the slowdown of columns with customers re -evaluating their budgets in light of the outstanding definitions.
While the annual increases in salaries are suspended at the present time, TCS will continue in quarterly variable batches. For the fourth quarter, 70 % of employees will receive 100 % of their qualified variable salaries, while the rest will receive changing compensation based on business performance.
Despite the high wages, TCS plans to keep the campus employment momentum. The company will employ about 42,000 engineering engineers this year, in line with its previous year’s commitment. In the fourth quarter ending on March 31, the company added 625 employees, raising the total number of employees to 607,979. For the full fiscal year, a net addition of 6433 employees witnessed a decrease of 13249 employees in the previous year.
Draining up to 13.3 % in the fourth quarter, compared to 13 % in the previous quarter. Lakkad confirmed that TCS succeeded in 42,000 fresh over the past year 25 as planned.
Q4 and the results of the year are complete
TCS recorded a net profit of 12224 rupees for the fourth quarter of the fiscal year 25, a decrease of 1.7 % from 12,434 rupees in the same quarter of the 24th year.
For the full fiscal year, the company recorded a net profit of 48,553 rupees, an increase of 5.8 %, while the annual revenue reached 255342 rupees, an increase of 6 % on an annual basis. However, TCS crossed the revenue mark of $ 30 billion.
The total value of the total contract for the request book (TCV) was $ 12.2 billion in Q4FY25, compared to $ 10.2 billion in the previous quarter. In the first two -quarter of the year, TCVS amounted to $ 8.3 billion and $ 8.6 billion, respectively.
https://akm-img-a-in.tosshub.com/businesstoday/images/story/202504/67f7d8c2e6f8a-despite-the-wage-hike-deferral–tcs-plans-to-maintain-its-campus-hiring-momentum-104204451-16×9.jpg
Source link