Mid, senior TCS staff get up to 70% variable pay for Q1

Tata Consultancy Services (TCS) has awarded quarterly variable allowance (QVA) in the range of 60-70% to its mid- and senior-level employees for the April-June quarter, according to sources.

The payout in the fiscal’s first quarter is believed to be slightly lower than the previous two quarters. Mid-to-senior employees had received up to 80% of the QVA in the previous quarters. However, the IT major had since changed the metrics of payouts for these two levels. Apart from their own performance, the QVA criteria for mid-to-senior employees now also includes the performance of the verticals they work in.