We all know that variable pay meant to be varied based on company's performance. Because of various external factors including weak dollar, every IT company has taken a beating, agreed. TCS has shown a good Q3 results, with a decent net profit increase. As per the report, they fell short of 83 crores in their EVA. With the decent Q3 results, for such a massive company, i feel 83 crore is nothing. They shouldn't have let employees feel the beating, at least now. They could have sustained targets and taken additional cost cut measure before picking on the employees. Even after all of these, if they could't meet the targets, they could have very well limited the variable pay hike in Apr.
This could have avoided all the mess created. This will have negative impacts to their work force. They can't afford losing skilled work force due to this mess.
