TCS links variable pay to office attendance
Bengaluru: Tata Consultancy Services (TCS) has recently implemented a policy that ties a portion of employees' variable pay (bonus) to their office attendance, media reports said.
Under this policy, employees who attend the office between 60-75% of the time receive 50% of their variable pay, reported Business Standard.
Those with attendance between 75-85% receive 75% of the variable pay, while only employees with attendance exceeding 85% qualify for the full variable pay.
This update follows TCS's previous mandate for employees to work from the office five days a week.
The new policy has raised concerns among some TCS employees who may prefer or require a more flexible work arrangement, such as options for remote work. Critics argue that productivity is not solely determined by physical presence in the office, said the report.
Apparently, TCS closely monitors compliance with the work-from-home policy, and frequent absences may have adverse effects on employees' chances of promotion, said the report.
Promotions are linked to a system where grades are assigned, and these grades may consider factors such as office attendance apart from other performance metrics, it added.
TCS had transitioned to a hybrid work model following the pandemic, but as of October 1, 2023, it ceased this model and required employees to work from the office five days a week.
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