India’s biggest IT company Tata Consultancy Services (TCS) has announced that more than 70 per cent of its employees will receive 100 per cent of their quarterly bonus (variable pay) for the April to June period. For the remaining 30 per cent of employees primarily senior staff receiving variable pay will be  based on their units business performance. In an email to staff last week TCSs Chief Human Resources Officer Milind Lakkad said “All employees up to the C2 level will get 100 per cent of their Quarterly Variable Allowance (QVA). For those in C3 and above levels the bonus may vary depending on business results.” TCS later confirmed this decision saying it follows the company’s usual quarterly policy for bonus payouts. TCS holds off on salary hikes amid global uncertainty adds over 5000 employees Although Tata Consultancy Services (TCS) has continued to pay quarterly bonuses on time it has not yet announced annual salary hikes. The delay comes as the company faces a challenging global environment and has reported a drop in dollar revenue for three consecutive quarters. Despite the slowdown TCS added 5060 new employees in the April- June quarter bringing its total workforce to nearly 613000. TCS CEO K. Krithivasan explained that decision-making delays and slow project starts are affecting business. He said global uncertainties such as conflicts economic instability and supply chain problems  have caused disruptions across industries. He noted that discretionary tech spending (extra investments made by clients in technology) remains low which is important for companies like TCS to grow. However he added that this spending is expected to recover once the global economic outlook becomes clearer. TCS sees steady hiring and promotions in FY25 According to Financial Express in the January–March quarter TCS added 625 new employees bouncing back from a decline of 5370 employees in the previous quarter. By the end of March 2025 the company’s total headcount stood at 607979 marking a net increase of 6433 employees over the full financial year. In FY25 TCS also promoted 110000 employees with promotions distributed fairly across all four quarters.