TCS rolls out 100% Q1 variable pay for 70%+ employees

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India’s largest IT firm, Tata Consultancy Services, has announced 100% quarterly variable pay for more than 70% of its employees for the April-June period. Payment to the rest of the employees will be based on the performance of their respective business units.

“All employees up to C2 grade (or equivalent grades) covered under the QVA plan will receive 100% of the Quarterly Variable Allowance (QVA). The individual pay-out for the C3 grade and above may vary, depending on business performance,” chief human resources officer Milind Lakkad said in an…



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TCS rolls out 100% Q1 variable pay for 70%+ employees



India’s largest IT firm, Tata Consultancy Services, has announced 100% quarterly variable pay for more than 70% of its employees for the April-June period. Payment to the rest of the employees will be based on the performance of their respective business units.

“All employees up to C2 grade (or equivalent grades) covered under the QVA plan will receive 100% of the Quarterly Variable Allowance (QVA). The individual pay-out for the C3 grade and above may vary, depending on business performance,” chief human resources officer Milind Lakkad said in an…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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