Variable payout, also known as performance pay, is a part of the employee compensation that depends on both the performance of the employee and the overall performance of the company. Lately, IT companies have been scaling back on this part of the employee compensation.
The company asserted that these were more in the nature of "investments" given the robust demand scenario, and assured it will be looking at cost optimising levers such as better utilisation, and more automation. Get more Companies News and Business News on Zee Business.
Software majors like Tata Consultancy Services (TCS) and Wipro also recently announced that they have deferred, postponed, or reduced the variable payout to employees for the first quarter of the financial year 2023.