Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
Kolkata: In the midst of a storm of job losses, pay cuts and deferred increments, a bunch of companies have held firm. Hindustan Unilever, Asian Paints, Johnson & Johnson, HCCB, Flipkart, Myntra, CSS Corp, BharatPe, BSH Home Appliances and Inflexion Point Ventures are among those that have chosen to hike salaries, make variable payouts and promote employees even in these tough times.
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Compensation experts said while companies across the board are taking decisions based on business realities, the concern they display during the Covid-19 crisis will have a lasting impact on employee goodwill.
“In these unprecedented times, it is a great opportunity for organisations to lead with empathy and take care of their employees’ interest. We believe that giving pay hikes will help add certainty in these uncertain times,” said Manish Tandon, CEO, CSS Corp. The IT services company has paid out increments and variable pay to its 7,000-strong workforce. At the lower bands, which constitute 70% of the workforce, the variable payout was 100%.
Source: Economic Times
