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Infosys cuts back on variable pay, average variable payout at 60%

As per an internal communication circulated among employees, the average variable payout to employees in the J4, J5, and J6 bands is 60 per cent. ....

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TCS, Infosys, Wipro: The curious case of variable pay at India's IT companies

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. ....

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Infosys cuts average variable pay - details

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. ....

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Why IT majors Infosys, Wipro, and TCS are scaling back on variable payout?

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. ....

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Infosys slashes employees' average variable pay by 70% for Q1FY23; details here

Compensation hikes have impacted margins by 160 basis points and utilisation dipped due to new freshers coming in ....

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