These 5 companies are giving hikes to employees during coronavirus crisis

In the previous few months, coronavirus has impacted the lives of individuals globally. In accordance with the Well being Ministry, India has a greater than 78,000 confirmed circumstances, with 2,415 deaths reported. 

The nation has been beneath a nationwide lockdown for over 50 days, ranging from March 25. Whereas social distancing will play a key position in serving to curb the additional unfold of the virus, the affect of COVID-19 might be seen throughout industries. 

To outlive the pandemic the businesses throughout the globe are both letting go of their workers or introducing pay cuts. Regardless of PM Modi’s advisory to non-public and public corporations to not lay off or minimize salaries of workers, job loss and wage cuts are hitting Indians exhausting.

However within the midst of this pandemic, the place most corporations are saving up for the unforeseeable future, there are just a few which have prioritised their workers’ advantages. Listed below are 5 such corporations which are providing hikes even throughout these troublesome occasions.

Capgemini

French IT agency Capgemini has introduced a wage hike for 70 % of its workers in India in April. For the remaining, the increments will probably be efficient from July. 

In an interview with YourStory, India CEO, Ashwin Yardi said,

“At Capgemini, we’re going forward with increments and promotions for all junior professionals efficient from April 1, 2020. This can guarantee protection for greater than 70 % of our colleagues on this cycle. For senior consultants/managers and above, wage increments will probably be efficient from July 1, 2020, with increment letters being launched in June. This will probably be completed as per our plan and according to our dedication to make sure market competitiveness throughout all grades.”

Additionally, the firm will proceed to rent as per the plans and shopper necessities. Staff who’ve joined the corporate in the course of the lockdown are finishing their onboarding formalities on-line, in keeping with Ashwin.

He additional said, “The digital onboarding includes completion of becoming a member of formalities and a walkthrough of our insurance policies. In a brand new initiative, our Group IT staff is sending desktops or laptops to the worker’s residence together with stepwise directions to configure and join remotely to the Capgemini community in a safe method through VPN. It permits sooner deployment to work, adheres to social distancing norms set by the federal government and permits work at home with required safety tips.”

Aside from these, so as to present emotional help to its workers, it has launched a sequence of wellness initiatives. Common webinars, in affiliation with their exterior companions, are being performed on matters like nervousness and stress.

BharatPe

Digital fintech startup BharatPe has additionally determined to give its workers a hike. In accordance with the corporate assertion, BharatPe has completed its annual value determinations as per the unique schedule from April 1-7. The highest performers scoring 3.8/5 or larger have all been given 20 % plus increment within the value determinations.

Commenting about this unprecedented time, CEO and Co-founder Ashneer Grover was quoted as saying,

“We’ve got used this time to strengthen the tech and product and will probably be aggressively buying retailers and lending to them. We wish to lend $100 million to small retailers from right here until the top of the yr.”

Tesco

Tesco Bengaluru, the worldwide expertise providers arm of United Kingdom-headquartered retailer Tesco, has introduced that it’ll honour all of the job presents it has made, and roll out promotions and hikes as scheduled.

Established in 2004, Tesco Bengaluru is a multi-disciplinary centre to supply options and providers for the retail business.

Sumit Mitra, CEO, Tesco Enterprise Providers & Tesco Bengaluru, stated, 

“We imagine that our success is thru our colleagues, and due to this fact, creating the best help construction is crucial. We be certain that all hiring presents are honoured with no modifications to wage packages or becoming a member of dates.”

“With this dedication, we additionally promise that annual value determinations and efficiency opinions, together with hikes and promotions, will probably be held as scheduled. It’s our accountability to reward the exhausting work and dedication of our colleagues during the last yr,” a press launch stated.

As a measure to increase the security of the workers within the present surroundings, Tesco Bengaluru has enhanced the medical insurance coverage protection, has supplied extra cost in the direction of residence utilities and web costs, and so on.

Flipkart

Earlier in April, in a digital townhall, Flipkart CEO Kalyan Krishnamurthy assured its workers that there could be no pay cuts and that each one job presents, together with internships, will probably be honoured.

“Flipkart is secure and (financially) wholesome. There isn’t a trigger to fret. And the important thing precedence is to maintain all workers secure,” stated Krishnamurthy.

It at the moment employs 8,000 folks on a everlasting foundation and just lately stated that it could add one other 1,200 to its expertise and engineering groups within the coming monetary yr.

Myntra

On-line style retailer and a part of the Flipkart group, Myntra has introduced that all job presents that have been within the pipeline will probably be honoured.

Amar Nagaram, CEO, Myntra confirmed this initiative stating that, 

“As we went into the lockdown, our efficiency analysis course of was underway and our workers have been in all probability anxious about their promotions and increments. We, as an organisation, took a name to proceed with the due technique of value determinations, uninterrupted or impacted by the macro-economic scenario prevalent at the moment. We additionally honoured all job presents that have been within the pipeline and onboarded our new recruits just about.”

“Myntra has additionally taken a number of measures to make sure the security of its provide chain and supply community, together with common deep-cleaning and sanitisation of its services. All supply companions have additionally been geared up with sanitisers and protecting masks, and are coated by a COVID–19 insurance coverage which incorporates pay and advantages in case they’re quarantined or identified with the illness,” he added.

Additionally, just lately, the corporate introduced a partnership with Wildcraft, an out of doors clothes and footwear model, to supply private protecting masks (PPE) on its platform.

In accordance with Myntra, the following scarcity of protecting masks as a result of ongoing lockdown has prompted it to collaborate with Wildcraft and cater to this demand.