Variable pays take hit in IT firms- The New Indian Express

Express News Service NEW DELHI: As many IT companies are facing margin pressures due to increases in employee costs and inflated attrition levels, top IT service providers either announced deductions or delays in performance-linked incentives or variable pay last week. IT giant Infosys has deducted 30% of the average variable pay of employees for the … Read more

IT attrition may spike again as firms delay performance-linked payouts

A decision to hold back variable pay by top IT companies such as could imply softening revenue growth for the $200 billion software services export industry. It could also mean attrition — which has already touched unprecedented levels — could further spike up due to the cut in the performance-linked incentive, analysts told ET. This … Read more