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TCS, India's largest IT firm, announces variable pay for most employees amid growth and rising attrition.
Tata Consultancy Services (TCS), India's largest IT firm, announced 100% variable pay for over 70% of its employees for the April-June quarter, with the remainder's pay based on business unit performance.
TCS added 5,060 employees, bringing its total to nearly 613,000, amid a 13.8% rise in employee attrition and uncertainty over annual salary hikes.
Despite a weak macro environment, TCS reported a 6.7% increase in net profit.
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TCS, la empresa de TI más grande de la India, anuncia salarios variables para la mayoría de los empleados en medio del crecimiento y el aumento del desgaste.