In a significant development for the Indian IT sector, Tata Consultancy Services (TCS) is planning a a significant realty ...

TCS Variable Pay News: Tata Consultancy Services has paid out 100 per cent cent of the Quarterly Variable Allowance (QVA) to more than 70 per cent of its workforce for the January -March quarter.

TCS pays 100% QVA to 70% of employees for Q1, with payouts based on unit performance for others. ... the QVA payout is determined by the performance of their respective business units, ...

TCS pays full quarterly variable allowance to 70% workforce for January-March quarter Company clarifies that for employees in other grades, QVA payout is determined by performance of their respective ...

TCS cuts senior employees' variable pay for the third straight quarter due to attendance-linked policy and global uncertainties. Wage hikes are delayed, but hiring and training investments continue.

The company told TNIE, “For Q2, we have paid out 100% QVA (quarterly variable allowance) ... TCS’ workforce at the end of Q2 was 612,724 and it added a net 5,726 employees in the quarter.

A TCS spokesperson clarified that junior-level employees received 100% of their quarterly variable allowance (QVA). However, for other grades, the QVA is based on their unit's business performance ...

In the previous July-September quarter too, some employees had received only about 20-40 percent of their quarterly variable allowances (QVA) while others had even got zero percent of it.

The report quotes an anonymous employee, who said “I was supposed to get Rs 54,000 in QVA, but ended up getting Rs 21,000 last quarter and this quarter it was even less at Rs 16,000”. TCS ...

TCS pays 100% quarterly variable allowance to 70% employees, refuting claims of pay cuts for senior employees. ... For all other grades, the QVA depends on their unit’s business performance.

Tata Consultancy Services has paid out 100 per cent of the Quarterly Variable Allowance (QVA) to more than 70 per cent of its workforce for the January -March quarter.