According to a TOI report, In the current situation, Tech Mahindra‘s top executives forego their bonus/ variable payout in the June quarter – to absorb partially the financial impact of the pandemic.
Harshvendra Soin, Chief People Officer in Tech Mahindra, said the variable payout/ bonus for the majority of employees has been protected and will be paid out as per applicable policy.
He added that the company’s foremost priority during the pandemic is to ensure the well-being of its associates and the customer/ partner ecosystem.
In an email to employees, Tech Mahindra said, “it’s a phenomenal gesture by your leaders (in the endeavour to save all jobs) to have not allowed the financial impact of the situation touch you.” The company said it has reviewed its operating costs and taken multiple measures to cushion the impact based on the seniority level.
Tech Mahindra Limited is an Indian multinational subsidiary of the Mahindra Group, providing information technology (IT) services and business process outsourcing (BPO) to companies in various vertical and horizontal markets.
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