<ul><li>TCS is giving a 12-15% salary hike to its top-performing employees to reduce the current attrition rate of 20% to 13-14% in the second half of the fiscal year.</li><li>The company is also considering raising the base salaries of campus recruits, which could prompt other IT firms such as Infosys, HCL Technologies, and Wipro to follow suit.</li><li>TCS hired 44,000 employees from campuses last fiscal year and plans to hire another 40,000 in the current fiscal year.&nbsp;</li><li>Despite a shrinking job market in the IT sector, TCS expects its attrition rate to fall to pre-pandemic levels in H2FY24.</li></ul>

TCS to give 12-15% salary hikes to top performers

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