While COVID-19 surely paved the way for sustained ‘working from home’ measures across the globe, the pandemic also has been responsible for multiple unfortunate lay-offs, pay-cuts and unpaid leaves across organisations. The annual season for appraisals has understandably been lack-luster for most parts, but few organisations have not broken tradition and honored annual increments and performance bonuses despite the COVID-19 challenges.
Here’s a list of organisations that have given their employees performance bonuses, delivered on their commitment for new hires or ensured timely salary remittance:
1. Nayara Energy
At Nayara Energy, achieving results and caring for people are integral aspects for their culture. Given the immensity of the COVID 19 pandemic, Nayara Energy remains committed to honouring all employment offers that were made. In fact, new employees joining the company in the midst of the lockdown period were facilitated virtual induction to equip them with the business as well as with their functional teams. The company also expanded employee benefits such as covering COVID-19 under insurance, seamlessly moved parts of their operations to work from home, enabled remote working through accelerated skill building, and continue to ensure timely salary remittances to all. In recognition of the continued efforts by our employees, the annual performance linked incentives were also paid out to all eligible employees.
2. CSS Corp
CSS Corp has rolled out high single digit annual increments for its employees for FY21. Apart from this, variable pay for FY20 has also been given. At the lower bands, which constitute 70% of the workforce, the variable payout was 100% and at higher levels where metrics are a little more stringent, the payout was around 80%. We have also handed out promotions to all eligible employees. Apart from this, we have given an additional incentive for those employees who played a critical role in helping CSS Corp transition to a 100% productive WFH model early in the cycle in March itself. We call them our COVID heroes. We believe, in these times it is a great opportunity for organisations to lead with empathy and take care of their employees’ interests and these decisions will help add certainty in uncertain times. From a hiring perspective, we are targeting an addition of 1,000 employees this quarter. We ended Q4 FY20 at around 7,000 employees, so that makes it a net headcount addition of almost 15% this quarter.
In these uncertain times, BSH is doing everything they can to help to keep the morale of all their employees high and give them a sense of security. BSH is probably one of the only organisations in the industry that has given an increment instead of salary cuts or job cuts. In a bid to manage fixed costs in this period, while they have cut down on marketing and travel costs and put a freeze on future hiring, they have made sure to not cut down salaries or stop promotions since they believe that retaining the best manpower at any cost in testing times is the strength of their organisation. As per appraisal cycle, all staff of BSH India got their increased salaries and promotions for previous year’s performance by March 31. About 1000 sales consultants, on third party payroll are being paid full salaries along with sanitary facilities for their safety. BSH also recently introduced a new insurance policy inclusive of COVID-19 for all employees.