Air India gives salary increments to staff; announces target performance bonus for pilots : The Tribune India

Join Whatsapp Channel

Air India gives salary increments to staff; announces target performance bonus for pilots

This is the first appraisal process after Tata Group took over the loss-making airline a little over two years ago

Air India gives salary increments to staff; announces target performance bonus for pilots

The quantum of monthly hike varies from Rs 5,000 to Rs 15,000 for pilots, depending on their experience and position.



PTI

New Delhi, May 23

Air India on Thursday announced annual salary increments for its staff, and also introduced an annual target performance bonus for pilots, according to sources.

This is the first appraisal process after Tata Group took over the loss-making airline a little over two years ago.

The quantum of monthly hike varies from Rs 5,000 to Rs 15,000 for pilots, depending on their experience and position. The annual target performance bonus for pilots can be up to Rs 1.8 lakh, sources said.

On Thursday, Air India CHRO Ravindra Kumar GP announced salary increments for employees, with effect from April 1, 2024, as well as performance bonus payouts for FY 2023-24 based on company and individual performance, according to sources.

The airline has rolled out annual appraisals for all employees, who joined before December 31, 2023, including ground staff, cabin crew and pilots. The appraisals are based on the new Performance Management System (Rise.AI).

In addition to the increase in fixed pay for FY 2023-24, sources said the airline has introduced a component of annual target performance bonus for its pilots based on company and individual performance, and it will be applicable from FY2024-25.

With the salary revision, the monthly fixed pay of first officers and captains will increase by Rs 5,000 each.

In the case of commanders and senior commanders, the monthly hike will be Rs 11,000 and Rs 15,000, respectively, sources said.

There will be no hike in the monthly fixed pay for junior first officers.

The annual target performance bonus will be paid on the basis of the company's and an individual's performance.

Subject to meeting the expectations, a junior first officer will get the annual bonus of Rs 42,000 and the amount will be Rs 60,000 per annum for first officers as well as commanders, sources said.

For commanders, the annual bonus will be Rs 1.32 lakh and Rs 1.8 lakh for senior commanders.

This is the first appraisal of Air India staff after the takeover by the Tata Group in January 2022. Last year, only compensation and contract restructuring for legacy employees were done, sources said.

Air India has around 18,000 employees.

#Air India


Top News

Trump attacked during Pennsylvania rally, suspected shooter shot dead

Trump shot at during election rally in Pennsylvania; suspected shooter among 2 dead

The suspect fired from between 200ft and 300ft away on an el...

A bullet pierced upper part of my ear, says Trump after escaping assassination bid

A bullet pierced upper part of my ear, says Trump after escaping assassination bid

In his first statement issued on the social media platform T...

FBI identifies shooter as 20-year-old Pennsylvania man: Report

FBI identifies 20-year-old Thomas Matthew Crooks as 'subject involved' in Trump rally shooting

The former president was showing off a chart of border cross...

PM Modi condemns attack on Trump

PM Modi, Rahul Gandhi condemn attack on former US President Donald Trump

Our thoughts and prayers are with the family of the deceased...

2 Indian nationals arrested for ‘enslaving’ 33 countrymen at farms in Italy’s Verona province

2 Indian nationals arrested for ‘enslaving’ 33 countrymen at farms in Italy’s Verona province

The suspects own two agricultural sector companies with no e...


Cities

View All