Tag: Variable Pay
No variable pay to employees with less than 60% attendance: TCS
Tata Consultancy Services (TCS) has introduced a new policy tying employees' quarterly variable pay to their in-office attendance. Now, employees with attendance below 60...
HSBC unveils targeted variable pay for junior employees
In an aim to enhance transparency regarding compensation, HSBC is rolling out a new bonus plan for its junior employees. The plan involves assigning...
Big changes at TCS: Headcount shrinks, campus hiring uncertain, but variable...
India's IT giant Tata Consultancy Services (TCS) is undergoing significant changes, with headcount falling for the second consecutive quarter and campus hiring plans clouded...
Quarterly performance bonuses for Infosys employees
This month, Infosys will be issuing quarterly performance bonuses for the July–September period to eligible employees. The anticipated average payout is 80 per cent,...
70% of TCS staff already back in office
Tata Consultancy Services (TCS) admits that post mandating that its staff return to office full time, 70 per cent of its employees have started...
‘85% of workforce to be covered under variable pay plan’: HCL...
Employees of HCL Technologies will receive variable pay for the fourth quarter of FY 2022-23. The tech firm has assured that no changes are...
Financial institutions have highest variable pay-out of 25.5%: Report
While executives or CXOs generally receive the highest percentage of variable pay, their projected pay hikes in 2023 are lower than last year. In...
Deutsche Bank pays fine for staff’s unauthorised use of WhatsApp
When some employees of Deutsche Bank used WhatsApp for business communication, they would never have imagined it would lead to pay cuts. A probe...
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.
How this energy company is championing employee inclusivity & engagement
In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...
Trident’s Asmita leaves blossom into inclusive workplaces
Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
Engagement is outdated: The future of success lies in ‘employee involvement’
In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
H-1B visa holders can fight visa-denial case if employers commit fraud
If Indian H-1B visa holders find that their visa is about to be revoked just because their employer has been found to have indulged...
Latest
Every employee in control with CriticalRiver’s ESOP plan
CriticalRiver, a provider of technology solutions, has introduced its Employee Stock Ownership Plan (ESOP), poised to transform its business operations. This strategic move will...
Finland seeks Indian talent to drive innovation and growth
In a bid to bolster its tech landscape and foster innovation, Finland is actively recruiting talented individuals from India. With its reputation as the...
No variable pay to employees with less than 60% attendance: TCS
Tata Consultancy Services (TCS) has introduced a new policy tying employees' quarterly variable pay to their in-office attendance. Now, employees with attendance below 60...
Sahana Shankar is head of India HR, Duck Creek Technologies
Duck Creek Technologies, a company that provides intelligent solutions to property and casualty (P&C) and general insurance industry, has roped in Sahana Shankar to...
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
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....
