1 day ago · Last year, TCS had linked work from office attendance to variable pay out of employees.The HR policy was updated expecting minimum 85 percent attendance of employees in office for them to receive ...

1 day ago · TCS Variable Pay Cuts Senior Employees: One of the people confirmed, many employees received 100 per cent of the variable pay, paid to largely employees belonging to level C3 and below. The Tata subsidiary’s grade structure is typically in the order starting with entry level at Y as trainees, Systems Engineer roles at C1, which goes up …

1 day ago · TCS had linked the QVP to a minimum 85% attendance of employees in office for them to receive full quarterly variable pay. Further, non-compliance of the policy may also lead to disciplinary actions being taken, the company had said.

1 day ago · TCS introduced a policy in 2023 linking variable pay to office attendance. Employees meeting an 85 per cent attendance threshold were eligible for full QVA, while those with 75-85 per cent attendance received 75 per cent of their QVA.

1 day ago · TCS had launched a new variable pay policy from April 2024. This will tie an employee's attendance at office with their payout. There are four categories that have been made under the policy. Less than 60% attendance: No variable pay; 60-75% attendance: 50% of variable pay; 75-85% attendance: 75% of variable pay; Above 85% attendance: Full ...

1 day ago · Tata Consultancy Services (TCS), India’s largest IT services company, has cut variable pay of senior employees for the third quarter ended December 2024 (Q3 FY25) despite them adhering to the company’s work from office norms, according to a Moneycontrol report citing sources. This is the second consecutive quarter of the variable pay cut.

19 hours ago · Some IT sector firms, including TCS, have now linked the variable pay for employees above a certain grade with the performance of their business unit, instead of a company-wide average percentage.

1 day ago · In April 2024, TCS introduced a revised variable pay policy that ties employees' office attendance to their quarterly payouts. The new policy includes four attendance brackets, with those ...

1 day ago · TCS had previously linked employee variable pay to office attendance, setting a minimum 85% work-from-office requirement to receive full QVA. Employees with 75-85% attendance get 75% of their variable pay, while those with 60-75% attendance receive only 50%.

Apr 22, 2024 · The revamped policy, unveiled shortly after the release of the company's quarterly results, introduces four attendance slabs dictating variable pay for its workforce. Key Points: Variable Pay Based on Office Attendance : Under the new policy, employees working from the office for less than 60 per cent of their time will not receive any variable ...