With the current IT trend being layoffs and mass employee-firing, TCS employees were in for a pleasant surprise on Thursday. The country’s largest software exporter has declared 100% of the target variable pay to all employees on its India payroll for the quarter ended December 2017. House of Geek has reviewed the email to employees from the HR department of TCS.
The proportion of variable pay depends on the performance of individuals, business units and the company as a whole,” Ajoyendra Mukherjee, TCS global head of human resources, said. He said there had been similar payouts in the past but did not share details.
“We delivered a strong performance in the third quarter and accordingly thought to recognise the efforts of employees across business units,” said Mukherjee. He clarified that the company’s workforce outside India does not figure in the quarterly variable pay cycle since it attracts annual payouts.
The payout comes at a time when Indian IT firms fear slower offtake of traditional services as more clients migrate to digital platforms such as social media, mobile devices, analytics, and cloud computing.
TCS has always been the Indian IT firm which gives importance to its employees first, and then the business. Yet again, IT giant has made its employees happy.