After Wipro, TCS delays variable pay for select employees: Report
It is said that the Tata Group-backed company is yet to finalise variable payout for these select employees and is expected to pay by this month-end.
Tech giant, Tata Consultancy Services (TCS) has likely delayed variable compensation payments to select employees by about a month for the June 2022 quarter. TCS is not alone who has delayed their employees' variable payment. Recently, peer Wipro held back variable pay of some employees while trimming the percentage of the compensation for freshers. IT companies have hiked wages for their employees, which impacted their margins in June 2022 quarter. However, they continue their plan for hiring and raising salaries.