India, May 19 -- Tata Consultancy Services (TCS) rolled out average salary hikes of around 5 percent in its latest appraisal cycle on May 18. However, amid changes to annual salary structures linked to the new Labour Codes, several employees expressed concerns over lower variable pay and reduced take-home salaries.

According to a Moneycontrol report, TCS usually categorises appraisals into performance bands such as A+, A, B, and C. Higher-rated employees receive better hikes and payouts.

Employees in the top-rated A+ category said they received salary hikes between 9 percent and 13 percent. Those in the A band reported increments of around 5 percent to 9 percent.

Meanwhile, employees in the B band mostly saw hikes between 1 percent and...