Exciting News for Air India Staff!
In a move to celebrate and incentivize their hardworking team, Air India has unveiled annual salary increments for staff, along with a new annual target performance bonus for pilots. This marks the first comprehensive appraisal process since Tata Group took the helm over two years ago.
Salary Hikes and Bonuses: What’s in Store?
According to inside sources, pilots can expect a monthly salary hike ranging from Rs 5,000 to Rs 15,000, depending on their experience and position. Additionally, there’s an enticing annual target performance bonus that could go up to Rs 1.80 lakh.
Ravindra Kumar GP, Air India’s CHRO, shared this exciting update on Thursday. The increments are set to take effect from April 1, 2024, with performance bonus payouts for FY 2023–24 based on both company and individual performance.
Who Benefits?
The annual appraisals apply to all employees who joined Air India before December 31, 2023, including ground staff, cabin crew, and pilots. This comprehensive review is based on the new Performance Management System, Rise.AI.
Salary Details:
First Officers and Captains: Monthly fixed pay increase of Rs 5,000 each.
Commanders: Monthly hike of Rs 11,000.
Senior Commanders: Monthly hike of Rs 15,000.
Junior First Officers: No hike in monthly fixed pay.
Annual Bonus Details:
Junior First Officers: Rs 42,000.
First Officers and Commanders: Rs 60,000 each.
Commanders: Rs 1.32 lakh.
Senior Commanders: Rs 1.80 lakh.
Transforming Under Tata Group
This marks the first appraisal cycle since Tata Group took over in January 2022. Previously, only compensation and contract restructuring for legacy employees were undertaken. Air India, with its 18,000-strong workforce, is keen on providing competitive salary increments to attract and retain talent, fostering a performance-driven, meritocratic culture.
CHRO Kumar emphasized that the past financial year saw Air India laying a strong foundation for growth and transformation. As part of the Vihaan.AI journey, the airline introduced the contemporary annual performance appraisal process, Rise.AI, transitioning to a simplified, market-competitive, and productivity-oriented compensation structure.
A Glimpse into Air India’s Future
Air India is not just about salary increments and bonuses. The airline is in the midst of a significant transformation under Vihaan.AI, with plans to merge Air India Express and AIX Connect (formerly AirAsia India), and Vistara merging with Air India.
As Air India continues on this transformative path, these new initiatives underscore their commitment to recognizing and rewarding the hard work of their employees. Here’s to a brighter, more rewarding future for everyone at Air India!
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