COVID-19 impact: IDFC First Bank senior management takes 10% compensation cut in FY21; pays 100% variable pay to 78% staff
IDFC First Bank paid 100 percent of the variable pay to 78.2 percent of employees for FY20.
In a way, the dispute at Infosys is symptomatic of the struggles that the sector itself is facing. The companies are forced to raise the emoluments at the higher level to retain the priced executives who have the potential to boost the business while the lower-rung staff continues to see meager hikes
Wipro is ushering a new trend in HR innovation by making employee productivity more quantifiable.
Khandelwal panel had recommended that banks should consider variable pay as a major component of wages. Besides, the letter has also asked IBA's view on the common pool creation for the post of Executive Directors (EDs) and CMDs.