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TCS Awards Full Variable Pay to Most Staff

  • TCS announces 100% variable allowance for over 70% of employees, countering reports of pay cuts for seniors.
  • The remaining employees receive variable pay based on unit performance, maintaining standard company policy.
  • Wage hikes are uncertain due to the business environment, with decisions expected later in the year.
  • Wipro and Infosys follow similar patterns with cautious wage increment strategies.
  • The variable pay structure highlights the company's adaptability in a fluctuating economic climate.

Source: Times of India

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TCS has linked it's variable pay with attendance.

Is TCS only a company taking such hard steps or some others are in queue.

Why is TCS so hard suddenly. As it had a policy earlier like 25-25. ( 25% attendance by 2025).