India’s largest IT service provider by revenue Tata Consultancy Services<\/a> (TCS<\/a>) has rolled out 100% variable pay for 70% of the employee base for the third quarter ended on December 31, according to documents reviewed by ET. Senior employees may get their variable pay based on the business performance, and may even get 100% or even more. 印度最大的IT服务提供商的收入塔塔咨询服务公司(TCS)已经推出100%可变支付70%的员工基础截至12月31日的第三季度审阅的文件等。高级员工可能会浮动薪酬基于业务性能,甚至可能得到100%甚至更多。
The Tata Group<\/a> company awarded 100% variable pay for the second quarter of FY23 as well. The average payout for Infosys<\/a> during the same quarter was 65%.
“A decision has been taken to pay 100% of the quarterly variable pay<\/a> (QVA) to all employees up to C2 or equivalent grades covered under this plan. The individual payout for C3A or equivalent grades and above may vary depending on the business unit performance,” said the email from CHRO Milind Lakkad to employees. The communication was issued a day after the Q3 earnings were declared.
Designations C3 and above are employees at the assistant consultant, associate consultant, and consultant levels.
The senior employees get their variable pay based on the business performance. This has been the method that we follow and it will continue to remain the same,” said TCS CFO<\/a> Samir Seksaria during an interaction with ET.
“Depending on the business unit performance, senior employees get 100% or even more,\" he added.
During Q3 post earnings briefing, Seksaria had stated that the company expects to close the financial year at 25% operating margin (up 50 basis points from Q3). “. The elevated expectations of salaries and the backfilling retention expenses having come down is definitely something that is helping (margins)”, he added.
During the third quarter, the company reported a fall of 2,197 employees on a sequential basis as the environment of the IT sector is facing macroeconomic challenges. The Tata Group firm’s headcount stood at 613,974 for the quarter-ended December. It is to be noted that, in the second quarter, the employee addition came in at 9,840 in July—September period— its lowest net new addition in the last nine quarters.
“You are aware that we made a significant hiring of fresh talent last year as well as the first half of this year. (We) made significant investment in talent development to make them productive and that is now paying off,” said Milind Lakkad, chief HR officer at TCS during the post earnings call.
“All of this resulted in negative headcount but it does not indicate anything about the demand. Demand is high and we are just operating it efficiently,” he said in response to the question on headcount fall.
<\/p><\/body>","next_sibling":[{"msid":96902022,"title":"Desktop virtualisation firm Citrix begins layoffs, thousands impacted","entity_type":"ARTICLE","link":"\/news\/desktop-virtualisation-firm-citrix-begins-layoffs-thousands-impacted\/96902022","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"96901729","title":"TCS Q3 net grows 11% to Rs 10,846 crore, crosses $7-bn quarterly revenue milestone","entity_type":"IMAGES","seopath":"tech\/technology\/tcs-rolls-out-100-variable-pay-for-majority-of-the-workforce\/tcs-q3-net-grows-11-to-rs-10846-crore-crosses-7-bn-quarterly-revenue-milestone","category_name":"TCS rolls out 100% variable pay for majority of the workforce","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-107760\/96901729.cms?width=150&height=112","link":"\/image\/tech\/technology\/tcs-rolls-out-100-variable-pay-for-majority-of-the-workforce\/tcs-q3-net-grows-11-to-rs-10846-crore-crosses-7-bn-quarterly-revenue-milestone\/96901729"}],"msid":96902188,"entity_type":"ARTICLE","title":"TCS rolls out 100% variable pay for majority of the workforce","synopsis":"The Tata Group company awarded 100% variable pay for the second quarter of FY23 as well. The average payout for Infosys during the same quarter was 65%.","titleseo":"telecomnews\/tcs-rolls-out-100-variable-pay-for-majority-of-the-workforce","status":"ACTIVE","authors":[{"author_name":"Romita Majumdar","author_link":"\/author\/479256520\/romita-majumdar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479256520.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479256520,"author_name":"Romita Majumdar","author_seo_name":"romita-majumdar","designation":"Staff Reporter","agency":false}},{"author_name":"Sai Ishwarbharath","author_link":"\/author\/479257338\/sai-ishwarbharath","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479257338.cms?width=100&height=100&hostid=268","author_additional":false}],"analytics":{"comments":0,"views":708,"shares":0,"engagementtimems":3540000},"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2023-01-11 11:10:28","lastupd":"2023-01-11 11:12:01","breadcrumbTags":["tcs","tata group","infosys","tcs cfo","tata consultancy services","tata consultancy services","infosys","tcs","Enterprise Services","tcs variable pay","quarterly variable pay"],"secinfo":{"seolocation":"telecomnews\/tcs-rolls-out-100-variable-pay-for-majority-of-the-workforce"}}" data-authors="[" romita majumdar","sai ishwarbharath"]" data-category-name="" data-category_id="" data-date="2023-01-11" data-index="article_1">
的塔塔集团公司获得100%的浮动薪酬FY23第二季度。的平均支出印孚瑟斯在同一季度为65%。
“决定了支付的100%季度浮动薪酬(QVA)所有员工到C2或同等的成绩在这个计划。C3A的个人支付或同等以上成绩和可能取决于业务单元的性能,”邮件说CHRO Milind Lakkad给员工。沟通后一天发布第三季度收益被宣布。
高级员工可变工资根据业务性能。这是我们遵循的方法,它将继续保持不变,”说TCS首席财务官萨米尔Seksaria期间与ET的交互。
“根据业务单元性能,高级雇员获得100%甚至更多,”他补充道。
在第三季度业绩发布会上,Seksaria曾表示,公司预计接近25%的财政年度的营业利润率(50个基点从第三季度)。”。高薪水的预期和回填保留费用有下来绝对是一些帮助(利润率)”,他补充说。
在第三季度,该公司公布2197年秋季员工在连续的基础上作为IT行业面临的宏观经济环境的挑战。塔塔集团公司的员工站在季末的613974年12月。是指出,在第二季度,员工除了在7 - 9月是在9840年期间,其最低净新成员在过去的9个季度。
“你是意识到我们做了一个重要的新的人才招聘去年以及今年上半年。(我们)取得了重大投资人才发展让他们生产,现在是偿还,“说Milind Lakkad,首席人力资源官TCS在发布财报电话会议。
“所有这一切导致了消极的员工,但不会显示任何关于需求。需求很高,我们只是操作效率,“他说在回答问题员工人数下降。
读到
India’s largest IT service provider by revenue Tata Consultancy Services<\/a> (TCS<\/a>) has rolled out 100% variable pay for 70% of the employee base for the third quarter ended on December 31, according to documents reviewed by ET. Senior employees may get their variable pay based on the business performance, and may even get 100% or even more.
The Tata Group<\/a> company awarded 100% variable pay for the second quarter of FY23 as well. The average payout for Infosys<\/a> during the same quarter was 65%.
“A decision has been taken to pay 100% of the quarterly variable pay<\/a> (QVA) to all employees up to C2 or equivalent grades covered under this plan. The individual payout for C3A or equivalent grades and above may vary depending on the business unit performance,” said the email from CHRO Milind Lakkad to employees. The communication was issued a day after the Q3 earnings were declared.
Designations C3 and above are employees at the assistant consultant, associate consultant, and consultant levels.
The senior employees get their variable pay based on the business performance. This has been the method that we follow and it will continue to remain the same,” said TCS CFO<\/a> Samir Seksaria during an interaction with ET.
“Depending on the business unit performance, senior employees get 100% or even more,\" he added.
During Q3 post earnings briefing, Seksaria had stated that the company expects to close the financial year at 25% operating margin (up 50 basis points from Q3). “. The elevated expectations of salaries and the backfilling retention expenses having come down is definitely something that is helping (margins)”, he added.
During the third quarter, the company reported a fall of 2,197 employees on a sequential basis as the environment of the IT sector is facing macroeconomic challenges. The Tata Group firm’s headcount stood at 613,974 for the quarter-ended December. It is to be noted that, in the second quarter, the employee addition came in at 9,840 in July—September period— its lowest net new addition in the last nine quarters.
“You are aware that we made a significant hiring of fresh talent last year as well as the first half of this year. (We) made significant investment in talent development to make them productive and that is now paying off,” said Milind Lakkad, chief HR officer at TCS during the post earnings call.
“All of this resulted in negative headcount but it does not indicate anything about the demand. Demand is high and we are just operating it efficiently,” he said in response to the question on headcount fall.
<\/p><\/body>","next_sibling":[{"msid":96902022,"title":"Desktop virtualisation firm Citrix begins layoffs, thousands impacted","entity_type":"ARTICLE","link":"\/news\/desktop-virtualisation-firm-citrix-begins-layoffs-thousands-impacted\/96902022","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"96901729","title":"TCS Q3 net grows 11% to Rs 10,846 crore, crosses $7-bn quarterly revenue milestone","entity_type":"IMAGES","seopath":"tech\/technology\/tcs-rolls-out-100-variable-pay-for-majority-of-the-workforce\/tcs-q3-net-grows-11-to-rs-10846-crore-crosses-7-bn-quarterly-revenue-milestone","category_name":"TCS rolls out 100% variable pay for majority of the workforce","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-107760\/96901729.cms?width=150&height=112","link":"\/image\/tech\/technology\/tcs-rolls-out-100-variable-pay-for-majority-of-the-workforce\/tcs-q3-net-grows-11-to-rs-10846-crore-crosses-7-bn-quarterly-revenue-milestone\/96901729"}],"msid":96902188,"entity_type":"ARTICLE","title":"TCS rolls out 100% variable pay for majority of the workforce","synopsis":"The Tata Group company awarded 100% variable pay for the second quarter of FY23 as well. The average payout for Infosys during the same quarter was 65%.","titleseo":"telecomnews\/tcs-rolls-out-100-variable-pay-for-majority-of-the-workforce","status":"ACTIVE","authors":[{"author_name":"Romita Majumdar","author_link":"\/author\/479256520\/romita-majumdar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479256520.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479256520,"author_name":"Romita Majumdar","author_seo_name":"romita-majumdar","designation":"Staff Reporter","agency":false}},{"author_name":"Sai Ishwarbharath","author_link":"\/author\/479257338\/sai-ishwarbharath","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479257338.cms?width=100&height=100&hostid=268","author_additional":false}],"analytics":{"comments":0,"views":708,"shares":0,"engagementtimems":3540000},"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2023-01-11 11:10:28","lastupd":"2023-01-11 11:12:01","breadcrumbTags":["tcs","tata group","infosys","tcs cfo","tata consultancy services","tata consultancy services","infosys","tcs","Enterprise Services","tcs variable pay","quarterly variable pay"],"secinfo":{"seolocation":"telecomnews\/tcs-rolls-out-100-variable-pay-for-majority-of-the-workforce"}}" data-news_link="//www.iser-br.com/news/tcs-rolls-out-100-variable-pay-for-majority-of-the-workforce/96902188">
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动