variable pay

Infosys declared a net profit of Rs 6,021 crore. Infosys will reportedly pay its employees 65 per cent variable pay for the second quarter (Q2), the second time in a row in this financial year. This comes after cutting their variable…

The IT services major Wipro has announced to provide a variable pay out of 100% to a certain band of its employees and to the ones who have directly contributed to the company’s overall performance in the second quarter of the financial…

The IT giant declared a net profit of Rs 6,021 crore for the September 2022 quarter. Infosys has cut the variable pay for select employees to 60 per cent for the second quarter of the ongoing financial year. Who are affected? An…

TCS is to give 70% of employees full variable pay for Q2FY23. The quarter ended September with profitability crossing the Rs 10,000-crore mark, backed by consistent demand in services will probably make it happen. Profit The…

It is expected to cover 96 per cent of its employees. Despite the latest news of Wipro firing 300 of its own due to moonlighting, there is now some good news. The company will award annual increments to eligible employees for the…

Active job openings in the IT sector has seen a 23 percent drop in August 2022, as compared to August 2021, according to a report by staffing firm Xpheno. This is reflective of the several challenges Indian IT companies are beset…

Considering the impact on margins, the Indian IT major, Infosys has reduced the variable payout for employees for the first quarter of FY23, reportedly. Reduced Variable Pay Incentive At an organization level, the average…

Wipro will withhold variable pay for its mid and senior-level employees while fresher and junior-level staff will get variable pay after a 30 per cent cut. Informing via email The email was sent to its C band and senior employees…

HCL Is Forcing These Employees To Return Advance Variable Pay; Unfair, Unjust? In a shocking development, IT employees working with HCL are now being forced to return the advance variable pay, if they decide to leave the organization. …