Friday, 24 March, 2023

TCS delays variable pay for some employees after Wipro: Report

<p>TCS most likely to put off by roughly a month the payment of variable compensation to selected employees for the June 2022 quarter. Wipro recently reduced the percentage of compensation for new hires while deferring some employees&#39; variable pay. IT companies increased staff compensation, which had an effect on their margins in the June 2022 quarter. They yet stick to their hiring and pay-hike plan.</p>