TCS delayed increase in the midst of global uncertainty

Mumbai, April 12 (IANS). Tata Consultancy Services (TCS), the leading IT service sector business, has continued the increase in salary for some time amid global uncertainty due to global uncertainty as a result of US rates. The company management has not yet requested the increment. TCS usually reviews the salary of its employees every year. The company added 625 new employees in the last quarter of FY 2025, after which the number of employees working in the company was recorded at the end of the financial year at 6,07,979. The company rented 42,000 freshers during the financial year. Due to uncertainty in the IT sector, the most important IT sector business now intends to review the salary based on the changing business environment. In the fourth quarter for TCS, the reduction rate rose from 13 percent to 13.3 percent in the previous quarter. According to the Head of the Human Resources of TCS, Milind Lakkad, “we included 42,000 trains in FY 2025 and in FY 2026 this number will be the same or a little more. As far as the salary increase, we will decide on the uncertain matters atmosphere.” Lakkad further stated that although campus appointments remain strategic for the company, new appointments will depend on the general business environment and skills requirements. TCS is also considering appointing talents for old and new technology skills and planning to discover talents from different geographical regions, even international levels. Lakkad also said that the company did not think that the appointments of artificial intelligence (AI) would have any effect, as more people with AI would be needed for business programs that offer new opportunities. In the third quarter of FY 2025, TCS reported a shortage of 5.370 employees in its workforce. In FY 2024, the total number of employees of the company dropped, which was the first such decline since the company was listed in 2004. In contrast, TCS added 22,600 employees in FY 2023 and over 1.03 Lakh employees in FY 2022. The consolidated net profit of the IT head for the fourth quarter affected almost 2 percent to Rs 12,293 on an annual basis. Last year, the company earned a net profit of Rs 12.502 crore in the same term. However, revenue from operations increased by 5.3 percent for the quarter ended March 2025 to Rs 64,479 crore, which was Rs 61,237 crore a year ago. -Ians SKT/CBT