Tag: Variable Pay

Infosys cuts back on variable pay; announces 65% performance pay

For the second time this year, Infosys has cut back variable pay. In the previous quarter, it had granted 70 per cent variable pay...

Infosys BPM rolls out 60% avg. variable pay for employees

Infosys BPM, the business processing management services subsidiary of Infosys has rolled out its performance bonus variable pay for the second quarter. In an...

TCS announces variable pay for 70% employees

During the latest earning call, Milind Lakkad, CHRO, Tata Consultancy Services (TCS) has announced that the Company has paid 100 per cent variable pay...

96% Wipro staff to get hike from 1 Sept

Despite economic pressures in the last quarter, Wipro is giving annual salary increments to 96 per cent of its staff, with effect from September...

Infosys cuts variable pay by 30% in Q1

It has been reported that Infosys has scaled back its variable payout for the first quarter, capping it at 70 per cent, cutting the...

TCS defers variable pay for some staff members

Close on the heels of Wipro holding back variable pay for its C-suite members and paying only 30 per cent of variable pay to...

Variable pay of Wipro’s managers, C-suite not released

Pressure on margins and supply-chain challenges are amongst the reasons why Wipro has decided to hold back variable pay of its employees. It is reported...

Variable vs fixed pay: Has the war intensified due to COVID-19?

COVID-19 has brought in a lot of changes in the way organisations are functioning today. One of the biggest paradigm shifts was the movement...

Increase in variable pay expected at Cognizant

American multinational IT services company, Cognizant, is reportedly planning to increase the variable component of its employees’ pay package. This will help the Company...

TCS employees get 100% of variable pay

This was the Company’s way of rewarding its employees across all verticals and business units, for good performance.

Double digit increment expected for pharma, retail, ITES, A&M, consumer goods...

The average salary increase across sectors is expected to be 9.7 per cent in this fiscal, 6 points less than the actual figure of last fiscal.

Will Britain roll out laws to minimise disruptions during strikes?

With ambulance workers and nurses in England and Wales threatening to go on strike later this month, that is, December 2022, the British prime...

Latest

Karnataka Skill Connect Portal launched; to create 10 million jobs

The Karnataka Skill Development Corporation (KSDC), in association with the Karnataka Digital Economy Mission (KDEM), has launched the Karnataka Skill Connect Portal (KSCP), an...

35% of TCS workforce comprises women

TATA Consultancy Services (TCS) is the leader in the second edition of the top 10 employers of women in the country, released by Burgundy...

The blue collared industry has maximum job seekers in 18-30 age group: Report

According to data shared by a blue-collar recruitment platform, top metropolitan cities like Mumbai and Delhi account for 4.15% and 0.49% people, applying for...

Why do we need a chief encouragement officer?

Encouragement at the workplace is the most underrated concept. Is it necessary? Yes, of course. Is it provided? No, not really. Leaders today also need...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...