Employees value their quarterly bonus, and that is quite clear from the fact that 70 per cent of TCS employees have returned to office. And what did TCS do to make this happen? It linked variable pay with employee attendance, bringing in a new policy that made employees with less than 60 per cent attendance ineligible for the quarterly bonus. The policy mandates 85 per cent attendance in office for employees to get their full quarterly variable pay.
Simply put, employees with 75-85 per cent attendance in office will be eligible for 75 per cent of their variable pay, while those with 60-75 per cent attendance will only receive 50 per cent of their variable pay.
Though the move is said to be a temporary one, as reportedly stated by Milind Lakkad, CHRO, TCS, it clearly has been a successful one. A whopping 70 per cent of the workforce has returned to work from the physical office, and the percentage is only growing day by day. After all, the policy also states that those failing to comply consistently will face disciplinary action.
Given that 40 per cent of its workforce had been inducted during the pandemic, a significant number of employees that have returned to office are actually experiencing the in-office work culture and environment for the first time. The company expects each member of its workforce to look at the positives of this move.
