A Tata Group owned, Air India has increased the salaries of their employees and also will provide annual performance bonuses with effect April 1.
The Junior First Officers will not receive the salary hike for the current cycle. Additionally, the airline will provide an annual performance bonus up to Rs 1.8 lakh.
As per the statement published in Money Control, Air India said, “Pilots who underwent command upgrade and conversion training from April 2023 to March 2024 and whose training was delayed due to justifiable organizational reasons will receive additional compensation for time spent in training beyond the guaranteed 40 hours of flying.”
Salary Increase at Air India
First officers and captains will receive a monthly salary increase of Rs 5,000. Commanders will have their pay raised by Rs 11,000, while senior commanders will enjoy a substantial pay jump of Rs 15,000.
This adjustment in salaries reflects a structured approach to rewarding different ranks, ensuring that compensation is aligned with the level of responsibility and experience.
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Overall, these salary hikes aim to recognize the contributions of the officers and enhance their financial well-being.
Annual Performance Bonus
- In addition to the salary increases, an annual performance bonus has been introduced to further reward staff. Junior first officers who earn a “Rating 3 (meets expectations)” will receive a bonus of Rs 42,000.
- Those first officers or captains achieving the same rating will receive Rs 60,000.
- Commanders who meet this performance standard will be eligible for a bonus of Rs 1.32 lakh.
- The senior commanders will receive Rs 1.8 lakh for the same rating.
This new bonus structure aims to motivate employees across all levels by providing significant financial rewards for meeting performance expectations.
It acknowledges the varying degrees of responsibility and experience among different ranks, ensuring that exceptional performance is recognized and incentivized appropriately.
This initiative is designed to enhance overall productivity and satisfaction among the workforce.
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