Tata Consultancy Services (TCS) has not finalized plans for a salary hike for employees in 2025, as stated by its Chief HR Officer following the Q1 financial results.
TCS reported a 4% rise in net profit for the quarter ending June 30, with net profit reaching Rs 12,760 crore.
Despite revenue decline and slight dip in operating income, TCS added over 6,000 employees in the quarter, leading to concerns over a high attrition rate of 13.8%.
The company remains cautious on compensation decisions, linking future wage increases to improved macroeconomic conditions and business performance.