Videocon Telecom has given its employees a big reason to smile. The Telco has announced best-in-industry increments going up to 38% for its employees in the current financial year, with the average fixed raise being 11% and rest coming in form of bonus which will be in addition to the Performance linked incentive (PLI). Here Videocon Telecom employees can earn up to 12 month basic and minimum 3 month basic salary as bonus.
This kind of employee increment is unheard of in the Telco industry, or that matter any industry. The announced increment structure will help building up an inherent performance culture in the organization, and encourage employees to give in their best to attain best in class increments. Today when employees are considered the life-blood of any organization, a favorable increment helps preserve focused talent, and motivates employee retention thus creating an inherent Human Resource value system for the organization.
Videocon Telecom has recently inked a deal with Huawei for its 4G services rollout, and plans to hold the distinction of the first ever Telco to rollout 4G FDD services in the country on 1800 Mhz band. With this move, the Telco also aspires to become a PAN India player again, soon.