News »Browse Articles » TCS mulls cutting variable pay; employees to work more

In a clear admission that it is facing hard times, India’s largest software exporter Tata Consultancy Services (TCS) said it plans to review the variable component of employees` salaries every quarter in an attempt to cut costs. Variable pay accounts for 20 to 35 per cent of TCS employees` gross salary, depending on their hierarchy.

The company had earlier cut employees` variable pay by around 1.5 per cent in February 2008.

Source:
http://www.business-standard.com/india/news/tcs-mulls-cutting-variable-pay-emplo

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