Page 4 - Variable Pay News Today

The company said the release of the variable compensation will occur together with the November payroll.

Wipro Variable Pay Latest News: Wipro added that the variable pay will be given for bands A to B3 for the September-ended quarter.

Cognizant has announced annual compensation for its employees after Wipro, TCS and Infosys.

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.

Speaking at a press meet following the second quarter results, he said the company has promoted more than 10,000 employees and increased salaries across bands.

Wipro CEO says "not talking aboutthings illegal... really talking about being in an obvious conflict of interest; our employees understand that"

Wipro and Infosys, competitors of TCS, both reduced variable pay for the first quarter.

TCS offers 100% variable pay for its 600,000 plus employees

Last week Infosys told employees in an email that the company was making ‘structured efforts’ to improve performance, as it cut variable pay

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.