Jio gives up to 15% salary increments to retain top performers: Report

By October 9th, 2016 AT 12:19 AM

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.

Jio SIM

 

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.

Jio’s chief cloud architect Soren L Hansen, assistant vice president (data science & analytics of cloud engineering) Hari Charan Rao, assistant vice president (security operations) Maya R Nair, and public Wi-Fi business head Pawan S Yadav had left the company in quick succession.
Amitabh Jaipuria, who headed Jio’s mobility business, had also quit on personal grounds in June this year.

Read more on:

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

2
Leave a Reply

avatar
Photo and Image Files
 
 
 
2 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
DeepNMLl Recent comment authors
newest oldest most voted
Deep
Deep

who gives a shit?

NMLl
NMLl

Why so much attrition? Do the employees know something the rest of the public doesnt?

Recent Posts

D2h Introduces Two Month Lock-in Period on Sports Channels, Makes a New Move for Cricket Season

With the new Trai tariff implementation already in the industry, the stakes have gone higher for the DTH providers. The...

Vivo V15 Goes on Pre-Orders in India Today, Here’s How It Compares With Rival Oppo F11 Pro

Vivo launched the V15 in India on Friday last week. Just like the V15 Pro, the new V15 also comes...

Apple March 25 Event: Netflix-Style Streaming Service and Revamped News Service Expected to Launch

Apple is expected to launch a slew of new products at its Cupertino headquarters in California on Monday, including a...