Page 2 - Variable Pay News Today

The company has also said it will not be hitting campuses to hire yet, as hiring remains subdued across the industry

The variable payout for the remaining employees will be based on their business units performance, said chief human resources officer Milind Lakkad.

Despite the prevailing economic volatility where companies have put hiring on hold, Hexaware has committed to on-board around 6,000 experienced professionals this year, it said.

SBI is seeking for candidates having PGDM/ PGDBM/ MBA / degree or its equivalent from recognized university / college for the position of Senior Vice President (Investor Relations).

In an email to employees, the management at Infosys said that the company has delivered a good performance in Q1, ‘setting a robust foundation for future expansion.’

This comes as Indias second largest IT firm paid 60% variable last quarter on an average. The company has also not rolled out annual hikes for employees for the year FY23. Previous hikes were paid in July 2022.

Infosys' top performer employees are likely to get 95 per cent of the variable pay; the company gives a quarterly variable payout to its employees

There are some companies that are contemplating increasing the variable pay component to make performance more competitive.

For middle and senior executives, variable pay gets steeper as scrutiny increases

A majority of the company’s employees are also yet to receive variable pay and other incentives.