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TCS, Infosys, Wipro: How have IT majors fared in terms of variable pay for Q4 FY23

TCS, Infosys, Wipro: The variable pay in IT services companies depends on the company’s overall performance, along with the performance of individual employees. ....

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TCS Pays 100% Variable Pay For Employees After Blockbuster Q3 Results

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.” ....

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Late new year's gift for TCS employees! IT major pays 100% variable pay after stellar Q3 results

Updated Jan 11, 2021 | 13:17 IST
As per TCS employees, while the 100 percent variable pay is not uncommon, it is, however, not usually across the board. Also, it is usually 50-60 percent
Late New Year s gift for TCS employees! IT major pays 100% variable pay after blockbuster Q3 results
New Delhi: Tata Consultancy Services employees just received their late new year gift as India’s largest IT services provider rolled out 100 percent variable pay for the quarter ending December 2020 after its stellar results. Note that TCS gives QVA based on its quarterly performance.
TCS operating margins expanded by 40bps QOQ to 26.6%. This is the highest operating margin in five years and most importantly, the margins expanded despite salary hikes being rolled out since October 2020. Milind Lakkad, Chief Human Resources, TCS, in a note to employees, said, “We will be paying 100% of the Quarterly Variable Allowance (QVA) this quarter (Q3) for all ....

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