Infosys Technologies had cut the variable pay of its employees for the second time during the last few months. As per the sources, 70 per cent of the variable salary is guaranteed for employees. Earlier, the same had been reduced to 80 per cent from 90 per cent.
The variable pay of the employee is determined by a combination of various factors including the company performance, performance of the business unit and the individual''s personal performance.
Moreover, Infosys has also asked the department heads to identify five per cent of workforce, whose performance has been at the bottom rung of the appraisal process in the last two years. Earlier the company asked 2100 employees to go after their performance was found to be below par.
The variable pay of the employee is determined by a combination of various factors including the company performance, performance of the business unit and the individual''s personal performance.
Moreover, Infosys has also asked the department heads to identify five per cent of workforce, whose performance has been at the bottom rung of the appraisal process in the last two years. Earlier the company asked 2100 employees to go after their performance was found to be below par.
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