TCS pays 100% variable allowance to 70% of employees; links rest to unit performance

BENGALURU: The country’s largest IT services company Tata Consultancy Services (TCS) on Monday rejected reports that claim the company slashed variable pay for senior employees.

TCS said in a statement that they have paid out 100% QVA (Quarterly Variable Allowance) to over 70% of the company. “For all other grades, the QVA depends on their unit’s business performance. This is in line with our standard practice across quarters,” the statement added.