IT
TCS to roll out variable pay, junior employees to get 100%
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India’s largest IT services firm Tata Consultancy Services (TCS) has announced a quarterly variable allowance (QVA) for its employees and promised to shell out 100% of it to junior employees.
The QVA for mid and senior employees is likely to be higher than the year ago, the company’s chief human resource officer (CHRO) Sudeep Kunnumal told employees.
“I am pleased to share with you that the annual salary hike was rolled out for associates in grades up to C3A and equivalent, effective Sep 25, with high performers receiving double digit…
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