TCS pays 100% variable pay for employees after blockbuster Q3 results
For the December 2020 quarter, the company’s revenue grew 2.1 percent y-o-y to $5.7 billion, after declining 7.8 percent and 2.1 percent in Q1 and Q2, respectively. TCS is confident about getting back on to a double digit growth trajectory in FY22 as it anticipates a multi-year technology transformation cycle. January 11, 2021 / 11:04 PM IST
India’s largest IT services provider TCS rolls out 100 percent variable pay for its employees for the quarter ending December 2020 after its blockbuster results.
In a note to employees, Milind Lakkad, Chief Human Resources, TCS said, “We will be paying 100% of the Quarterly Variable Allowance (QVA) this quarter (Q3) for all grades applicable under this plan.”