pay or were given a reduced variable pay in the past year, as India Inc cut down their staff cost in a pandemic year. While 31% employees received no variable pay, 33% saw a decrease in the percentage of variable pay received by them, said a survey by consulting firm Grant Thorton Bharat.
According to the 'Human Capital Survey, on the Impact of Covid-19 on Compensation and What do the Employees Want', the loss of variable pay is pushing a sizable portion of employees to demand a restructuring of the salary with a higher fixed pay even if that reduces the overall CTC.
Respondents said as working from home is the new normal, employers should consider a work-from-home allowance to reduce their employees’ office-related expenses.