TCS cuts variable pay for senior staff despite a 6.13% income rise, citing low attendance.
Tata Consultancy Services (TCS), India's largest IT firm, has reduced quarterly variable pay for senior employees for the second straight quarter, despite a 6.13% rise in total income. The company ties variable pay to office attendance, penalizing those with less than 85% attendance. Despite pay cuts, TCS remains optimistic with a strong $10.2 billion deal pipeline and plans for employee development.
2 months ago
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