TCS withholds variable pay of BPO employees

[dwarakesh]

Tata Consultancy Services (TCS) is restructuring pay-scales for its BPO employees starting by withholding quarterly variable pay.

A report by CNBC-TV 18 states that the company had recently brought its BPO arm under the quarterly variable pay structure, thereby withholding the component for the January-March quarter resulting in reduction of March salaries of the employees.

TCS BPO's employees used to get their entire variable pay monthly until March 2009. For the January to March period, this withheld quarterly variable pay has been deducted from the final March salary paid out. The payment of the withheld amount in April is to be decided when TCS' board meets for its fiscal fourth quarter and annual results on Monday.

source: bpowatchindia