IS TCS CUTTING VARIABLE PAY OF EMPLOYEES?
As profitability of tech giants is coming under pressure, Companies like Infosys and TCS are planning to cut the variae pay to 70 percent.
Variable pay is given from companies to employees to perform better.
Very high attrition rate has resulted in the cost of the employee addition to increase resulting in reduction of profit margins of software companies.
43000 employees resigned from TCS in 90 days taking the attrition rate to 8.6 percent
