New Delhi: After years of not receiving salary increments due to the tough conditions in the domestic airline industry, the staff of Jet Airways can look forward to better days. The airline is set to clear salary increment arrears for the last four years. With a bit of luck, staffers may also get increments of 4-6% annually for the next three to four years.
Industry watchers point out that while the airline would want to reward employees, the increments are also aimed at retaining talent in the face of upcoming competition. A person told FE, "With cash coming in from Etihad and the business getting better, we decided that it was time employees got their share of the profits. Also, with AirAsia India taking off and IndiGo and SpiceJet expanding, we need to retain talent since manpower is critical to our success."
08/06/13 Debabrata Das/Indian Express
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Industry watchers point out that while the airline would want to reward employees, the increments are also aimed at retaining talent in the face of upcoming competition. A person told FE, "With cash coming in from Etihad and the business getting better, we decided that it was time employees got their share of the profits. Also, with AirAsia India taking off and IndiGo and SpiceJet expanding, we need to retain talent since manpower is critical to our success."
08/06/13 Debabrata Das/Indian Express
