variable pay: HR News, Trends & Workplace Insights

Latest variable pay HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on variable pay.

Updated on: Feb 2023

Compensation

Wipro rolls out variable pay to employees for QFY

Feb 16, 2023

TCS rolls out variable pay for the majority of the workforce

Indias largest IT major, As per the reports, Tata Consultancy Services TCS has decided to give ...

Compensation

Jan 12, 2023

TCS rolls out variable pay for the majority of the workforce

TCS to give variable compensation scheme to employees

TCS has administered a variable pay scheme. ...

Compensation

Dec 15, 2022

Infosys to roll out variable pay for Q

Indias second-largest IT major, Infosys announced that its employees will be receiving percent v...

Compensation

Nov 17, 2022

Compensation

Wipro rolls out 100% variable pay for Q2 along with Nov’s payroll

India’s IT services provider company, Wipro rolls out 100 percent variable pay along with November’s payroll. A Wipro spokesperson said in a statement, “We will continue to invest in our people and their growth.” “For the second quarter of the financial year 2023, Wipro pays out 100 percent of variable pay to all employees whose pay-out […]

Nov 5, 2022

Compensation

Infosys rolls out 60% variable pay for BPM employees

The business process management subsidiary of Infosys Ltd., Infosys BPM (business process management) has announced that the average variable payout for its employees is 60% in the second quarter of this fiscal. The variable pay will be paid to its employees with their October salaries for some bands of employees (J4, J5, and J6). Infosys […]

Nov 3, 2022

Compensation

70% of TCS employees to get full variable pay in Q2

An Indian multinational information technology service company, Tata Consultancy Services (TCS) will payout 100% variable pay for 70% of its employees. The company is paying variable pay to the employees just before the festive season which has been a great piece of news for the employees. Milind Lakkad, Chief Human Resources Officer, said, “We are going to pay […]

Oct 11, 2022

Compensation

TCS to pay 100% variable pay to its employees, No Delay

India’s largest IT services firm, Tata Consultancy Services (TCS) clarified that it has not delayed payments of variable pay to its employees for Q1. The company further clarified that it is normal to give it in the first or second month and said, “All our compensation and bonus cycles are as per plan.” The email sent by […]

Aug 24, 2022

Compensation

Infosys cuts average Variable Pay to 70% for the first quarter

India’s second-largest IT services company Infosys has scaled back the average variable payout of employees to about 70 per cent for the June quarter amid margin squeeze and high employee costs, according to sources. Recently, Wipro held back the variable pay of employees mainly due to pressure on margins, inefficiency in its talent supply chain, […]

Aug 23, 2022

Compensation

TCS delays variable pay for select employees after Wipro: Report

India’s largest IT services firm, Tata Consultancy Services (TCS) has delayed variable compensation payments to select employees by about a month for the June 2022 quarter. Recently, Bengaluru-based, Wipro also held back the variable pay of some employees while trimming the percentage of the compensation for freshers. However, TCS claims all its compensation and bonus […]

Aug 22, 2022

Compensation

Wipro holds back Q1 variable pay for mid, senior-level employees

India’s IT major, Wipro is holding back the variable payouts of Q1, June 30 ending quarter for mid to senior-level employees. According to the people that are aware of the matter informed said that it is due to the pressure on operating margins. However, the freshers and the employees till the position of the team leaders […]

Aug 18, 2022

Compensation & Benefits

Incentive & Variable Pay Trends in 2021 and Beyond

Incentive & Variable Pay Trends in 2021 and Beyond Remuneration continues to remain one of the prime drivers of human behavior in contractual relationships. To orient strive of people and to shape outcomes, changes in remuneration structure & formats have been a continuous effort for long. Though form & extent of mix varies among different […]

Feb 21, 2021

Jobs

TCS pays 100% variable to its employees for Q3, ending Dec 2020

TCS pays 100% variable to its employees for Q3, ending Dec 2020 India’s largest IT major, Tata Consultancy Services, TCS has rolled out 100 percent variable pay for its employees for the quarter ending December 2020. In a letter to employees, Milind Lakkad, CHRO, TCS said, “We will be paying 100% of the Quarterly Variable Allowance […]

Jan 11, 2021

Jobs

Infosys to announce promotions & salary hikes soon

IT major, Infosys has started to make some decisions on promotions and salary hikes for some employees and will review it by the end of the current quarter, which ends in September Salil Parekh, CEO, Infosys said in an interview, “We had an extremely high variable pay number last quarter, and will continue with that […]

Sep 20, 2020

Coronavirus

Tata Motors will not give increment, deducts FY21 flexi pay

Tata Motors will not give increment, deducts variable pay for FY21 India’s largest automaker Tata Motors has informed its employees that there will be no annual increment for the ongoing financial year (FY21) and will also deduct variable pay performance-linked incentive by 25% as part of a cost improvement program to reduce cost and CAPEX spends. According to the […]

Aug 31, 2020

Compensation & Benefits

Big Reset: Compensation Strategy in New Normal

Big Reset: Reviewing Compensation & Benefits Strategy in New Normal This unprecedented global pandemic is disrupting supply chains, consumer spending, business productivity, employee well-being, and the foundations of the way we work. As the “RESPOND” phase approaches, one of the key priorities for many companies is to conserve cash and ensure continuity. The COVD-19 crisis […]

Jul 31, 2020