TCS to roll out 100% variable pay for employees

Days after reports surfaced that information technology (IT) firm Tata Consultancy Services (TCS) had delayed the June variable compensation payout by a month for some employees, the country’s largest IT firm said on Tuesday it will pay out 100% variable pay for its 600,000 plus employees.

ET reported on August 20 that the Tata Group company has delayed the variable payout for C3A, C3B, C4, and equivalent grades by a month. These are employees at the assistant consultant, associate consultant, and consultant levels. The money due to be paid in July will be paid by August-end, according to an internal email accessed by ET.