TCS Diwali Bonus: 6 Lakh Employees Get 100% Variable Pay After Diwali

[{"selector":"#anim-ef71e6bf-720d-48d7-acf6-0d5e2c0cb001","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f498365a-8c45-4cb7-a424-82fd1f7037c1","keyframes":{"transform":["translate3d(-112.03007%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95da1638-e996-42c4-aad0-df8e402bedae","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn More

2022 has been a tough year for IT employees where in many employees were laid off and fired

[{"selector":"#anim-6206fa6c-c5d8-45e0-af3d-b38acd8361dd","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3da9432f-1185-4689-ba95-32db4a7bb571","keyframes":{"transform":["translate3d(-116.01307%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Thousands of freshers who graduated in mid of 2022 did not get their joining.

[{"selector":"#anim-c6f6c617-e666-46d9-bb7d-305646793936","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5cb87ab-2c44-4f56-b29f-dd5b99761b4a","keyframes":{"transform":["translate3d(-116.01307%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Till now in companies like Wipro, Infosys, Tech Mahindra and others.

[{"selector":"#anim-853716eb-4732-4204-a507-6fb5b4fbb3a8","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8171426a-adcd-4afb-b220-2afa4929c11e","keyframes":{"transform":["translate3d(-116.01307%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

But here comes TCS , which has publicly made a big announcement : regarding variable pay of the employees.

[{"selector":"#anim-04ac7d61-e552-4768-b6fb-f01cfaeea37f","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca30257c-0b0d-4d2a-a4a8-a8c23e496986","keyframes":{"transform":["translate3d(-116.01307%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Bringing out their festive cheer early, TCS shared that 70 % of the staff will receive 100 % variable pay.

[{"selector":"#anim-a6c92839-b45c-4f79-bf5b-d797e060356b","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3216bc05-f21a-4529-b199-7252de1a4088","keyframes":{"transform":["translate3d(-116.01307%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Moreover, the remaining 30 per cent will get paid based on their business unit performance.

[{"selector":"#anim-f09a52d9-88be-4b4c-a0e0-d13c750eaaaf","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-108d993b-a70b-4721-be39-bb99ea562bf6","keyframes":{"transform":["translate3d(-116.01307%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

After announcing the company’s financial results for the quarter ended September 30, Milind Lakkad, chief human resource officer at TCS said..

[{"selector":"#anim-98cdcf75-ea69-41da-a0f4-3a3f8e47af52","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51e15bef-462a-4221-b1cf-efc2448bf0a9","keyframes":{"transform":["translate3d(-115.68628%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

”We are going to pay 100% variable pay for 70% of employees… the remaining 30% will get paid based on their business unit performance. This is for Q2 (July-September).”

[{"selector":"#anim-cfa1ced7-a8cc-4f3b-8fe0-5cdd3165cab9","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be1c1e84-c0a0-4eaf-a593-8a02cb39719c","keyframes":{"transform":["translate3d(-112.3494%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]