Key Points
Mumbai: Private telecom operators Bharti Airtel and Vodafone Idea have each given 7-8% increments besides up to 110% in bonuses to their employees for the fiscal 2023 cycle, as competition to acquire and retain talent in the sector heats up...
The low rate of increments is mainly attributable to telecom players majorly taking the recovery route to their pre-pandemic levels, said Sachin Alug, chief executive, NLB Services..
For telcos, especially Vodafone Idea, it is also about striking a balance between being cautious while doling out compensation and being aggressive in their strategies to retain employees.. Telecom companies are offering incentives, including 100% bonus and inflation-indexed hikes, to motivate their workforce..
Vodafone Idea has been incentivising its employees and hiring to replace those moving out to maintain its workforce while the management continues its attempts at raising funds...
At the same time, they are investing heavily in building and nurturing 5G as well as 6G capabilities, Sanjay Shetty, director of professional search and selection at Randstad India, said on the need for telcos to incentivise employees through attractive increments and perks...
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Airtel, Vodafone gives 7 to 8 per cent salary hikes to employees, 110 per cent bonuses to retain top talents
12, Jul, 23In addition, these companies have also awarded their employees bonuses of up to 110 per cent as they strive to attract and retain top talent in the company.