TCS rolls out 100% Q1 variable pay for 70%+ employees

India’s largest IT firm, Tata Consultancy Services, has announced 100% quarterly variable pay for more than 70% of its employees for the April-June period. Payment to the rest of the employees will be based on the performance of their respective business units.

“All employees up to C2 grade (or equivalent grades) covered under the QVA plan will receive 100% of the Quarterly Variable Allowance (QVA). The individual pay-out for the C3 grade and above may vary, depending on business performance,” chief human resources officer Milind Lakkad said in an…