How much is variable pay in Cognizant?

“It seems the company is operating at about 90\% fixed cost compensation structure now (10\% variable). This will likely be changed to a more variable structure to align incentives for employees,” David Koning, an analyst with US brokerage Baird Equity Research, said in a note last week.

How much does a manager in Cognizant earn?

How much does a Manager at Cognizant Technology Solutions make? The typical Cognizant Technology Solutions Manager salary is ₹16,47,231 per year. Manager salaries at Cognizant Technology Solutions can range from ₹1,33,562 – ₹7,91,26,401 per year.

What is variable pay in CTC?

Variable pay, also known as performance pay, is used to recognise and reward employee contribution above and beyond their normal job requirements, towards company productivity, profitability, quality and the like.

What is a variable pay?

Variable pay is the portion of compensation determined by employee performance (commonly a commission). When employees hit their goals (aka quota), variable pay is provided as a type of bonus, incentive pay, or commission.

What is the highest salary in Cognizant?

The highest-paying job at Cognizant is a Assistant Vice President with a salary of ₹85.4 Lakhs per year. The top 10\% of employees earn more than ₹15.1 lakhs per year.

What is the salary of manager in Cognizant Quora?

About salary part for Manager it starts with range of 13.5 lakhs per annum to 19 lakhs per annum. Above info is as per my knowledge in CTS, it varies with BU wise as well.

Is variable pay paid monthly?

Employers are not mandated to pay the full variable pay mentioned in the CTC as it is linked to your performance, your team’s performance or your company’s profit. The variable component is paid out on a monthly, quarterly, half yearly or annual basis.

Is variable included in CTC?

To put it in simpler terms, CTC is a company’s spending on hiring and sustaining the services of an employee. CTC is considered a variable pay as it varies based on various factors and thus when the CTC varies, the take-home salary or net salary of the employee varies.

How do you calculate variable salary?

How is it Calculated? Variable compensation as a percentage of total compensation is calculated by adding up all variable compensation and dividing that sum by total compensation.