Balancing act

From macro to micro: The fine line India’s IT industry is treading

Forget the macro environment, let’s manage what we can control, is what IT firms are telling themselves


Last week, when the employees of TCS opened their appraisal letters, it was with little anticipation. For most of the mid-level employees, the hike was flat—at 6%. At a time when the standard raise has been 3-6%, no thanks to the falling revenue growth, not many complained. But a few discerning employees noticed that something was a bit off. The compensation structure had changed. As they went through their letters, making calculations in their minds, they realised the company had increased their quarterly variable allowance—the part of the salary that depends on performance and profitability of the…

To access this content, you must purchase Monthly Recurring or Quarterly, or log in if you are a member.

Read the full story now. Subscribe to The Ken

Stories on The Ken are available only for its subscribers. Join us now to get instant access.

Have an account?

Related stories

More stories in /Analysis & /Technology

See all in Analysis & Technology

This story is exclusively for premium subscribers. Subscribe now to get access.

Read the full story now. Subscribe to The Ken

Why should I pay for reading your stories?

Lots of effort We go to lengths to put in time and resources required to get the most factual, honest stories out there.

Advertising independent Our primary allegiance will always be to our readers. We won't be swayed by our advertisers and investors.

We can't do all of this by giving away our journalism for free and selling our readers by the thousands to advertisers.

Get premium access