TCS reduced variable pay (almost 50% of take home) by 30% in 2001. They have again reduced it by 20% this year. If you take inflation at 5% and average annual hike of 7% in salary (which is what most employees in TCS got) then you will realize effectively TCS is paying you lesser salary than it was in 2001. Did it reduce the 1Re options that it gave to Ramadorai and Chandra? No. Also it promised that in good years employees will not get complete variable pay as 30% will be parked in a reserve for bad years. What happened to that reserve? Anyone who leaves the company does not get anything from the reserve too. Also the variable pay is based on last years performance so how can they reduce it. They have also fired around 2000 people and asked many others to resign. This is the farciest company in India. They only thing it cares for is how much money Mr Tata takes home for his Corus and Jaguar buys not the employees who work 12-14 hrs. Rata Tata is the biggest fart in the name of ethics and promises. Sometime back people were cursing me on this forum for ridiculing him. I ask them to read TCS employee comments in hundreds now. THANK GOD I left the company though they never paid me my earned leave (such cheapness)
