Page 2 - Tcs Variable Pay News Today

TCS employees might also get 100 per cent variable payout for the recent quarter

In an internal email, Wipro said the variable pay of employees would depend on the company’s performance as well as the performance of the business unit in which employees are working. -- aaa

Tata Consultancy Services has rolled out 100 per cent variable pay for junior-level employees.

Tata Consultancy Services TCS Rolls Out Variable Pay For Junior Employees -- aaa

TCS Salary Hike Latest News Today: According to the IT firm, the remaining 30 per cent of employees will receive performance-based compensation.

 4 lakh employees out of 6 lakh will get the bonus in form of 100% variable pay for fiscal year 2022.

Wipro makes big announcement on variable pay, hike and incentives for its employees. Read companys internal mail to its staff here.

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.

Milind Lakkad, chief human resource officer at TCS, said during the earnings call, “We are going to pay 100 per cent variable pay for 70 per cent of employees. The remaining 30 per cent will get paid based on their business unit performance. This is for Q2, July-September.”

India’s largest IT firm Tata Consultancy Services (TCS) to pay out full bonus to 600,000 plus employees even as peers Infosys and Wipro have curbed rollout of performance bonus due to margin pressure.