An Indian low-cost airline, InterGlobe Aviation Limited (IndiGo) has announced a salary hike for pilots and cabin crew effective October 1, 2023.
The airline’s senior vice president of flight operations Ashim Mitra said in a memo, “While we regained and started to build our financial strength over this past year, we reviewed and reinstated salaries and allowances to pre-Covid levels.”
“In the coming months, we will be working with our HR team towards enhancing the salaries of our flight crew”, Ashim Mitra added in a memo.
“The revised salary structure will be effective October 1,” Ashim Mitra added in a memo as cited by ET.
InterGlobe Aviation Limited (IndiGo) has already started reviewing the performance of employees. It is expected that the airline will declare a 3% salary bonus for its crew.
Other IT Companies on Salary Hike
Tech Mahindra defers salary hikes for senior employees due to a huge drop in net profile in Q1FY24. Wipro has also announced a delay in its wage hike cycle for the fiscal year.
Wipro has announced that it has postponed the salary hike of its employees to the 3rd quarter, the salary hike given in September last year will be postponed to the October-December quarter. HCLTech has deferred salary hikes for their employees by one quarter.
Infosys has deferred the salary hikes of its employees which it usually rolls out from April for its employees below the senior management level. Usually, Infosys rolls out pay hikes for employees below the senior management level in the month of June quarter, but employees yet have not received any communication from the company.
TCS has rolled out an annual salary increase with effect from April 1st. The company has given a 12-15% raise for exceptional performers in the latest annual compensation review and also commenced the promotions cycle.