What we call as QVA is what some companies call as bonus.
Variable Allowance Quarterly Component – Q2 FY25: Message from Milind Lakkad, CHRO Organizational AnnouncementsThu, Oct 10 2024
Dear TCSers,
Like each one of you, I share the sense of profound loss at the passing of Mr. Ratan Naval Tata. It has been a privilege for us to have benefited from his wisdom, compassion, and guidance, which have shaped the ethos of the Tata group and TCS.
Let us honor his memory by remaining true to our core values that have shaped our success and will continue to guide us. Our values of Leading Change, Integrity, Respect for Individual, Excellence and Learning and Sharing are the foundational aspects of our organization, the compass for our decision-making, and the standard by which we treat each other.
Please take time to reflect on how you embody these values in your own role and in the teams you work with. Together, we are stronger and can create a workplace where everyone thrives and grows.
QVA for Q2 FY25 Thank you for your work and efforts in the second quarter. All employees up to C2 grade (or equivalent grades) covered under the QVA plan will receive 100% of the Quarterly Variable Allowance (QVA). The individual pay-out for C3A grade & above (or equivalent grades) may vary, depending on business performance.
Warm regards, Milind Lakkad CHRO
