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Good News for TCS Employees – 100% Variable Pay for 70% of Workers!! India’s one of the largest IT companies, Tata Consultancy Services (TCS) has announced that it will offer variable pay to employees. Accordingly, 70 percent of TCS employees will be given 100 percent variable pay. This notice is given to the employees as a festive offer.
Regarding this announcement, TCS’ HR Director Milind Lakkad said, ‘We are going to provide 100 percent variable pay to 70 percent of the company’s employees. The remaining 30 percent will be paid based on their business unit performance. This is for the 2nd quarter from July to September’.
Meanwhile, TCS invited employees to work from the office at least three days a week. Based on that, a third of the total workforce of 6,16,171 returned to the office thrice a week. At the same time, the company also said that it plans to employ around 20,000 new people in the current quarter of this fiscal year.
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