Tata Consultancy Services (TCS) decision to link variable pay with work-from-office attendance was not to punish the employees but to encourage a return to office culture, said Chief Human Resources Officer (CHRO) HR Milind Lakkad.
The company linked its quarterly variable pay with attendance, meaning employees with less than 60% attendance will not be eligible for the quarterly bonus.
"This is not something that we want to do to punish people. This is the last measure we have taken now. The last measure we have taken to basically make sure that people who do not understand or have not yet understood the value of coming to work, they do understand," Lakkad said in an interview with Moneycontrol.
During the Q1 earnings report, TCS said that almost 70% of employees are already working from the office due to the current policy of associating variable pay with attendance.
"We have come to a point where with just 70% plus number I'm very happy. The point of whether we continue for one quarter, two quarters, three quarters or for the year is something we'll decide," Lakkad said.
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