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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
Amid high-level exits across functions, Reliance Jio Infocomm has reportedly given up to 15% salary hikes to its top performers. The move is aimed at retaining best talent at a time when the Mukesh Ambani-led telco’s pan-India 4G operations is gathering momentum on the back of free “Welcome Offer.
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According to an Economic Times report, the 4G entrant has increased salaries of the top performers among its junior and middle level managers by 15%. The telco has also given a 10% hike to DGM and above level employees.
“The hikes range is consistent in all key functions — networks/networks IT & support, sales and marketing, customer care, projects, regulatory, and HR,” a source was quoted as saying by the report.
The telecom operator has announced annual increments in the range of 7%-15% for junior and middle level employees and 5%-10% for seniors. The annual increments were announced much later than last fiscal when it handed out the salary increases in April-May.
Jio’s salaries hikes are considered better than average annual increments in the telecom sector that were, typically, in the 7%-12% range in this fiscal. However, HR consultants reckon that these hikes are unlikely to curtail attrition across levels.
Reliance Jio had kicked off commercial service on September 5 with the launch of free voice and data services till December 31, 2016.
The telco has lately seen some high-profile exits. Last month, Pradeep Shrivastava, Chief Marketing Officer (CMO) of Jio, stepped down from the position after a stint of just over a year. The company’s chief digital marketing officer, senior vice president digital channels, Martijn de Jong already left to join Aegon India as chief marketing and digital officer.
