Wipro announces 100% variable pay for employees in second quarter
The company said the release of the variable compensation will occur together with the November payroll.
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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.