Tata Consultancy Services (TCS) is learnt to be restructuring pay-scales for its BPO employees. The first step being withholding quarterly variable pay. Sources inform 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.

Seeing their company’s logo on the Rajasthan Royals team during the IPL may bring cheers to TCSers. But its BPO arm’s employees aren’t that happy. Sources say that TCS has recently brought its BPO arm under its ‘quarterly variable’ pay structure, which was introduced in April 2008. Under the pay structure, part of the variable pay is paid at the end of every quarter.

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

This entry was posted on Monday, April 20th, 2009 at 4:05 am and is filed under BPO News, BPO in India. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.