TCS announces 100% variable pay for 70% of its employees for third quarter

India’s largest IT service provider by revenue, Tata Consultancy Services (TCS), has rolled out 100 per cent variable pay for 70 per cent of its employees for the third quarter that ended on December 31, the Economic Times reported.

In emails sent to its employees, the TCS announced 100 per cent variable pay for its grade C2 employees, and the remaining 30 per cent of senior employees will get variable pay in line with their business performance.

The move comes a day after the results for the third quarter were announced.

“A decision has been taken to pay 100% of the quarterly variable pay (QVA) to all employees up to C2 or equivalent grades covered under this plan.