Understanding Salary Hikes in TCS: Rules and Eligibility
Question: I have joined TCS in February 2020. Is the salary hike that TCS announced in October for all employees also applicable to me?
Unfortunately, the situation is more complex than it may initially appear. The answer is predominantly no. According to the organization's policies, you are not eligible for the announced salary hike unless you meet certain criteria.
Eligibility Criteria for TCS Salary Hikes
The key eligibility criteria for a salary hike in TCS are as follows:
1. Completion of First Anniversary
To be eligible for any form of salary hike, you must complete one year of service with TCS. Typically, this means that you need to have spent at least one full year from your date of joining, which for you would be until February 2021. During this one-year period, you are considered a trainee.
2. Performance Appraisal
Once you meet the one-year mark, you will be subjected to your first performance appraisal, which generally occurs in February. After your first appraisal, you will receive another hike every financial year, usually around March, reflecting your performance rating.
3. Contingency and Reviews
Moreover, the situation can be further complicated by external factors, such as the ongoing coronavirus outbreak and any associated hold-ups in performance reviews. In scenarios like these, the hikes may be delayed or put on hold.
Therefore, you will not be eligible for the announced hike due to these criteria.
Timeline and Details
Based on the typical timeline, here is what you can expect:
February 2021: Your first performance rating and subsequent salary hike, if you meet the criteria. March 2021: The first financial year ends, and you would receive another salary hike, again, contingent on your performance rating. April 2021: Your salaries will reflect these hikes.Any announcements for additional or delayed hikes would be communicated through official channels, such as emails or updates by HR.
Conclusion
In summary, you are not eligible for the salary hike currently announced for TCS employees due to the completion of your first year not being met. You will have to wait until February 2021 for your first performance rating and subsequent salary hike, followed by another in March 2021, conditioned on your performance ratings.
Disclaimer: The information provided is based on personal opinions and may not officially represent any brands, organizations, or institutions. Always consult your HR department for official policies and updates.