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TechM Rolls Out Salary Hikes to Boost Employee Morale
Mint Mumbai
|February 03, 2025
Tech Mahindra Ltd's employees can expect fatter paychecks, as it has started rolling out company-wide salary hikes from January, in a bid by new chief executive Mohit Joshi to boost employee morale.
Significantly, these hikes come after at least 18 months for senior executives, and amid government's concerns over stagnating wages despite high corporate profits that have hurt consumption demand in the country.
"We have finally got a hike after one-and-a-half years. Since CP (Gurnani) left, none of the senior guys got hikes," said a senior Tech Mahindra executive on the condition of anonymity. "Most employees got a hike of 7% on average, whereas top performers have received up to 12%," added the employee.
Much like its peers, Tech Mahindra's annual pay increments were pushed back for the second year running, as software service providers looked to combat low demand and shore up operating margins last year.
Dit verhaal komt uit de February 03, 2025-editie van Mint Mumbai.
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