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Bangalore: After cancelling the wage hike last year due to global slowdown, Indian IT major Tata Consultancy Services (TCS) plans to offer wage hike of 8-10 percent across the board. Even other IT giants such as Infosys, Wipro and HCL are on track with a wage hike plan.
Sources say that Infosys plans to offer a hike of 6-10 percent, whereas Wipro plans to offer hikes of 5-7 percent. The wage hikes for Wipro employees is to be effective from April 1, reports Moneycontrol.com. According to IT companies, the wage hike will have a nil to marginal impact on margins.
In the current fiscal, TCS plans to hire 30,000 employees. When contacted, TCS said that in the current situation it would be difficult to provide details post results.
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