TCS Salary Hike Update: May 2021 Feedback and Compensation Process
The question often arises regarding the salary hike received by TCS (Tata Consultancy Services) employees in May 2021. While some employees reported receiving their annual hike, others did not. This article aims to clarify the salary update process and understand the timeline for the effective date and the reflection of these changes.
Did TCS Employees Receive Their Hike in May 2021?
According to recent reports, TCS employees did receive their annual salary hike in May 2021. However, the process varied among employees. Some employees, like those in the C band, received a substantial hike, while others did not. For instance, an employee in the C band received a 2% hike. Another resignation, who left just one week ago, did not receive any salary hike, indicating the complexity of the process.
Some employees expressed concern about staying with the company given the volatility in hikes, with one commenting, "Should we even stay in such company? I don't think so."
No Hike Was Reflected in the May 2021 Salary
As compensation letters were released at the end of May, many employees faced delays in receiving their revised salaries. Due to the complexity of the compensation process, it was decided to complete all procedures and release all employees' compensation letters by June 2nd through the speed portal. This ensured that all changes were accurately recorded and communicated.
According to the timeline, these changes would take up to 15 days to be fully implemented. Therefore, the revised salary would officially reflect in the June salary payouts. However, it's important to note that the actual reflection in the June payslip would include April and May as reflected amounts, as TCS generates payslips during the first 15 days of each month.
Compensation Letters and Effective Dates
The TCS compensation letter, which was released in the second half of May, clearly stated that the revised annual compensation would be effective from April 1, 2021. This means that employees would receive arrears for the months of April and May as part of their June salary.
Given this information, it is clear that while the hike may not have been immediately reflected in the May payslip, it would be included in the June salary as arrears. This ensures that all revised compensations are accurately accounted for and paid out in a structured manner.
For all those who are still uncertain or have questions about the TCS salary hike and compensation process, we hope that this information provides clarity and understanding.