Tata Consultancy Services new policy for performance bonus for work from office compliance
Poor office attendance? Forget performance bonus, TCS tells employees
According to an internal memo issued by TCS on 18th April – Employees with less than 60% attendance at office, or those who have attended office for less than three out of five days a week, will not receive any performance bonus.
TCS has linked its work-from-office policies to its quarterly variable pay or annual bonus. The internal memo also stated that employees consistently neglecting the ‘85% and above’ office attendance requirements may face “disciplinary action.”
Tata Consultancy Services new policy for performance bonus for work from office compliance
Employees who come to office on four or more days in a week will receive 100% of the performance bonus decided by the company management for the period. Whereas those between 75% and 85% attendance will receive 75% of the performance bonus. Employees between 60% and less than 75% office attendance will receive half the performance bonus.
Detailed information about how TCS employees will get performance bonus based on their attendance:
- 85% and above: 100% bonus
- 75% to <85%: 75% bonus
- 60% to <75%: 50% bonus
- Less than 60%: No bonus
The X ( Twitter ) account also shared the same information about TCS performance bonus linked to work from office:
What is variable pay
A variable pay is given to employees on the basis of their performance over and above their base salary on a quarterly and/or an annual basis. The amount of variable pay varies from period to period and is decided by the company.
In February last year, TCS had first asked employees to turn up in office at least thrice a week. In January this year, employees were told to work from the office five days a week.
TCS warned its employees in an internal memo that failure to work from office by March would impact their appraisals and performance reports, TechnoVans had reported on 22nd March.
