Tuesday, September 9, 2025
spot_img

TCS to give 100% variable compensation scheme to employees

spot_img
- Advertisement -

Indian IT giant TCS offers exciting news for its employees. The company has administered a 100% variable pay scheme.

Reportedly, TCS’s net profit rose by 8% in the previous quarter. CHRO Milind Lakkad told, “We are going to pay 100% variable pay to 70% of employees, the remaining 30% will get paid based on their business unit performance.” He also affirmed that there is no delay in the payment of the bonus cycle and compensation. The firm is going as planned.

Head- Human Resources, Milind Lakkad stated a new goal will be established after the third quarter. The firm is on a hiring spree and announced that it may hire 10,000 to 12,000 new employees.

The firm has brought on board freshers amidst unstable and delayed industry trends. TCS is able to maintain providing all the offers to the joined employees.

TCS hired 20,000 new employees between July and September of this year. Totally in 2022, TCS’s new hiring is around 35,000 workers

Variable pay is the compensation awarded to employees based on the high performance of the company and employees.

Wipro and Infosys, competitors of TCS have reduced their variable compensation for their staff in the first quarter. TCS announced an increase in variable pay of up to 100% within a month or two as per the company’s laid down process.

Variable pay is a form of incentive that employees can avail as a result of their high performance. There are various forms of variable pay offered by IT companies, some of them include: Stock equivalents, Annual Bonuses, and Commissions.

Variable payments are given to employees for various contributions such as the organization’s high performance and profit, employees’ high performance on the job, and individual contributions to the company.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

TCS Walk-in Interviews at Multiple Positions on Jan 11 & 18, 2025

India's largest IT services provider, TCS is organizing walk-in...

PwC Hiring: 8000+ Job Openings, 600+ Entry-Level & Internships

PwC India is expanding its workforce with over 8,000...

Creating a Better workplace: the key to unlock the doors of success

Jai and Sam, two college friends were exchanging notes...

Accenture 58,000+ jobs: Entry-level, Lateral, Returning Women

Accenture, the Irish-American professional services company, has announced an...

Amdocs in India is hiring for various roles; explore job opportunities

A leading software & services provider company, Amdocs is...

Patanjali Group to provide jobs to 5 lakh people in coming years

On Friday, Yoga Guru Baba Ramdev announced the initial...

Cornerstone India appoints Nishchae Suri as MD

Cornerstone OnDemand, Inc., a leader in adaptive HR solutions has...

EPFO Subscribers to Benefit from ATM-Based PF Withdrawals

Employees’ Provident Fund Organisation (EPFO) is set to introduce...

Related Articles

Neha Singh
Neha Singhhttps://sightsinplus.com/
Neha Singh, Content Editor, SightsIn Plus. She has over 10 years of experience in Human Resources, especially in content writing, working with the Media and Communications industry.