Our comprehensive rewards package includes competitive pay, health and savings benefits, and time-off programs. Our Remuneration Policy aims to attract and retain high potential talent by rewarding performance. We have an incentive compensation plan that links variable pay to diverse individual & Company level performance parameters, including operating and strategic KPIs.
The leadership team and senior executives receive fixed pay, variable pay, and equity. The value of the stock grant is based on individual performance49. For employees not covered under collective bargaining agreements, compensation revision happens annually and is based on various factors, including a benchmarking of the external market. Currently, 29% of the permanent workers are covered under associations and unions.
We value the efforts of our people and focus on taking care of them at all life stages. Through their employment with us, team members have access to annual health check - ups, hospitalization insurance for self & family, life insurance & accident insurance cover for self. Our comprehensive retirement benefits provide support to all employees even after they transition towards a post retired life.
For many years now, we have been associated with a leading counseling services partner to provide our employees and their families with 24/7 counseling access in multiple languages. Additionally, last year we offered our employees access to an artificial intelligence based mental wellness app where they can sign up to get practical tips on managing their day to day stresses, and also at times to feel lighter by simply sharing their thoughts and feelings.
To ensure better work life integration , we launched a hybrid working policy called ‘Blend In’ which provides employees the flexibility to choose 2 days in a week where they would want to work from home. Based on a recent survey done internally, most employees as well as managers agreed that the policy helped impact employee motivation and productivity positively.
