TCS To Hire 55,000 Employees This Fiscal

Mukherjee said offer letters for fresh recruits have already gone out and they will start joining from
 June 1.

On the staff increment front, Mukherjee said the company will give 14 percent hike for the high achievers domestically, while the rest will get 10 percent rise. Globally, the raise will be between 2-4 per cent in the developed markets and 4-6 per cent in developing markets.

"It has been a phenomenal year from our point of view and our employee point of view. Everybody will be happy with the increments which we are going to give," he said.

Chief financial officer Rajesh Gopinathan said higher wages will impact the operating margins, which climbed up to an all-time high of 29.1 percent FY 2014, which will be visible in the first quarter of the current fiscal.

"Q1 is the quarter in which the wage hikes will impact the margins and then during the course of the year we will pretty much make this out through operational efficiencies," he said.
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