India's largest IT services<\/a> provider by revenue, Tata Consultancy Services<\/a> (TCS<\/a>), will not give out one-year anniversary hikes<\/a> to employees<\/a> amid pressure on operating margins<\/a>. 在正式写给那些员工完成了一年的组织在当前财政年度,TCS说他们只能接受他们的下一个增量与年度考核周期,这通常发生在3月。 印度最大的信息技术服务收入提供者塔塔咨询服务公司(TCS),不会给一年期周年上涨来员工在压力营业利润率。
In a formal letter to those employees who had completed a year with the organisation during the current fiscal year, TCS said they would receive their next increment only along with the annual appraisal<\/a> cycle, which usually takes place in March.
ET has reviewed a copy of the letter.
“Thank you for your contribution towards a year of growth. Your continued commitment and effort will help TCS sustain its leadership position. Your annual compensation will be reviewed in the next annual appraisal process,” according to the letter.
Sources told ET that the company used to roll out hikes for all employees on their first anniversary in addition to their annual hikes.
In response to ET’s queries, TCS said its increments were in line with industry benchmarks.
“Even during the (Covid-19) pandemic, we ensured our increment cycles were unaffected. It is incorrect to suggest otherwise. All experienced hires will be given an increase as part of the annual salary appraisal that follows their one-year anniversary,” a spokesperson said.
The development comes at a time when peers Infosys<\/a> and Wipro<\/a> have either reduced or suspended variable payouts to employees. TCS has, however, said that it would give 100% variable payouts to its employees.
As IT companies struggle with ballooning employee costs and macroeconomic uncertainty in key geographies, they are tightening their purse strings as a cautionary measure, sector experts said.
The IT firms had rolled out multiple hikes during 2021 and 2022 fiscal years to attract and retain talent and service a high demand market.
According to a commentary by the IT services companies during their first quarter results, clients were getting slightly cautious about their expenses due to recession fears.
ET reported last month<\/a> that Indian IT companies were clamping down on the variable pay component of tech professionals amid rising margin pressures, and with a view to control attrition and costs.
However, experts said the impact is more on mid- and senior-level employees as companies are cognizant of zooming attrition at the entry and junior levels.
The mid- to senior-level employees have an experience level of 7-15 years and earn over Rs 10 lakh per annum on average.
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TCS今年周年上涨侧根,年度考核继续
在正式写给那些员工完成了一年的组织在当前财政年度,TCS说他们只会接受他们的下一个增量随年度考核循环,这通常发生在3月。
等了这封信的副本。
“谢谢你的贡献增长的一年。您的持续承诺和努力将有助于TCS维持其领导地位。你的年薪将会在下一个年度考核过程,”据信。
TCS在回应等的查询表示,其增量符合行业标准。
“即使(Covid-19)大流行期间,我们确保增量周期未受影响。否则是不正确的建议。所有有经验的员工将获得增加的一部分年薪评估遵循他们的一周年,”发言人说。
正值发展同行印孚瑟斯和Wipro要么减少或暂停变量雇员薪酬。然而,TCS表示,它将给变量100%支付给员工。
公司与膨胀斗争员工成本和宏观经济不确定性在关键地区,他们正在收紧钱袋作为警示措施,部门的专家说。
IT公司已经推出了多个上涨在2021年和2022年财政年来吸引和留住人才和服务市场的高需求。
根据评论的IT服务公司在第一季度的结果,客户得到稍微谨慎费用由于经济衰退的恐惧。
ET上月报道印度IT公司是打击的浮动薪酬部分科技人员日益利润压力,和为了控制消耗和成本。
然而,专家说,影响更多的中级和高级员工的公司认识到缩放摩擦的条目和初级水平。
中高层员工有一个7 - 15年的经验水平和收入在Rs 10平均每年十万的。
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India's largest IT services<\/a> provider by revenue, Tata Consultancy Services<\/a> (TCS<\/a>), will not give out one-year anniversary hikes<\/a> to employees<\/a> amid pressure on operating margins<\/a>.
In a formal letter to those employees who had completed a year with the organisation during the current fiscal year, TCS said they would receive their next increment only along with the annual appraisal<\/a> cycle, which usually takes place in March.
ET has reviewed a copy of the letter.
“Thank you for your contribution towards a year of growth. Your continued commitment and effort will help TCS sustain its leadership position. Your annual compensation will be reviewed in the next annual appraisal process,” according to the letter.
Sources told ET that the company used to roll out hikes for all employees on their first anniversary in addition to their annual hikes.
In response to ET’s queries, TCS said its increments were in line with industry benchmarks.
“Even during the (Covid-19) pandemic, we ensured our increment cycles were unaffected. It is incorrect to suggest otherwise. All experienced hires will be given an increase as part of the annual salary appraisal that follows their one-year anniversary,” a spokesperson said.
The development comes at a time when peers Infosys<\/a> and Wipro<\/a> have either reduced or suspended variable payouts to employees. TCS has, however, said that it would give 100% variable payouts to its employees.
As IT companies struggle with ballooning employee costs and macroeconomic uncertainty in key geographies, they are tightening their purse strings as a cautionary measure, sector experts said.
The IT firms had rolled out multiple hikes during 2021 and 2022 fiscal years to attract and retain talent and service a high demand market.
According to a commentary by the IT services companies during their first quarter results, clients were getting slightly cautious about their expenses due to recession fears.
ET reported last month<\/a> that Indian IT companies were clamping down on the variable pay component of tech professionals amid rising margin pressures, and with a view to control attrition and costs.
However, experts said the impact is more on mid- and senior-level employees as companies are cognizant of zooming attrition at the entry and junior levels.
The mid- to senior-level employees have an experience level of 7-15 years and earn over Rs 10 lakh per annum on average.
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