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Amidst COVID-19 uncertainty, here are companies that are doling out salary hikes, promotions

Firms in the financial sector, automobiles, and IT sectors taking the lead. Human resource experts say hikes are selective and sector-specific, and other companies may have to first reinstate previous salaries before announcing increments

July 15, 2020 / 15:33 IST
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As a recognition of employee efforts, a few companies are offering salary hikes and promotions even as the country is under a lockdown since March 25, following the Coronavirus outbreak.

Companies like Capgemini, Future Generali India Insurance, ICICI BankReNew Power, Renault, among others, have rolled out salary hikes to ensure that employee morale is boosted and that these staff members do not face any financial hardship owing to the lockdown.

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At ICICI Bank, almost 80,000 staff members across branches are being offered up to an 8 percent salary hike. It is applicable till the M1 grade of managers. In a communication to the staff members, the bank said that the hikes are being offered to frontline staff members who have been ‘Corona Warriors’. The bank did not respond to a query sent by Moneycontrol.

At digital payments solution and automation technology firm AGS Transact Technologies, field workers and staff worked even during the lockdown.