TCS Hike Policy Explained: For Freshers and Lateral Candidates

Welcome to the world of Tech Mahindra! Specifically, welcome to Tata Consultancy Services (TCS), which is renowned for its robust employee growth strategy, including regular salary hikes. If you're part of the TCS family, you might be eagerly anticipating your first or subsequent hikes. In this guide, we'll break down the TCS hike policy to help you understand when and how you can expect your salary to increase.

Understanding the TCS Hike Policy

The TCS hiking policy is primarily divided into two categories: Anniversary Hike and Annual Hike. Both of these serve different purposes and are applicable to different sets of employees.

1. Anniversary Hike

The Anniversary Hike is a one-time increase in salary that is initiated on the first anniversary of your joining date. This special hike is usually meant to recognize the employee's commitment and hard work throughout the first year. It provides a significant boost to the employee's salary and is a testament to their dedication to the company.

Eligibility for Anniversary Hike

Only freshers are eligible for the anniversary hike. Experienced professionals who joined TCS after switching from another company do not receive this benefit. However, before 2022, experienced hires were also eligible for the anniversary hike. Since the policy change in 2022, only freshers can look forward to this milestone.

2. Annual Hike

The Annual Hike is a regular increase in salary that is reviewed annually. It's a more common and expectant hike for all employees, including both freshers and experienced professionals.

Eligibility for Annual Hike

For freshers, becoming eligible for an annual hike requires meeting certain criteria. You must have been working for at least 90 days after your anniversary hike and continuing until 31st March of the following financial year. This 90-day period ensures that the company has sufficient data to assess your performance and determine if an increase in salary is warranted.

On the other hand, experienced professionals must have joined TCS at least 90 days before the 31st March financial year end. This means they have had enough time to settle in, work on projects, and demonstrate their skills to the company.

Examples and Scenarios

For instance, if you joined TCS as a fresher in March 2023, you would be eligible for an anniversary hike in February 2024. However, you would not qualify for an annual hike until March 2024, as the 90-day period to meet the eligibility criteria would not be fulfilled by March 2024.

For an experienced professional joining in December 2022, you would be eligible for an anniversary hike in November 2023, when you complete one year with TCS. You would then be eligible for an annual hike since you've already fulfilled the 90-day requirement.

Additional Insights

TCS's appraisal process involves a complex rating system and specific percentage hikes based on performance. This topic will be explored in a separate article.

Conclusion

Understanding the TCS hike policy is crucial for anyone joining the company. As a fresh graduate or an experienced professional, you need to know the criteria to qualify for your first or subsequent hikes. The anniversary hike and the annual hike are significant factors in your salary growth. Stay informed and stay motivated as you navigate your career at TCS!

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