 "Videocon Telecom offers up to 38% increments in FY15")
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.
The company in a statement said that 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.
The young telecom company which made its comeback into the telecom space earlier last year has a total employee strength of over 1300 employees across its 4 operational circles and Corporate office, and is strategically hiring professionals for its growing business operations including rollout of 2G services in 3 circles (UP-E, UP-W and Bihar/Jharkhand); and rollout of 4G services.
The telecom company also has plans to go to top Business Schools and Engineering Colleges including IIMs, ISB, S.P. Jain, XLRI, IITs amongst other leading institutes this year for campus placements to strengthen its employee eminence.
Arvind Bali, Director & CEO, Videocon Telecom commented, "We are pleased to announce market leading pay raises for our employees and we are sure it will go long way in our success in the times to come. We obviously are looking at hiring and engaging the best talent and professionals across industries and would want to infuse some fresh blood into our organization. Unlike other Telcos, we are hiring, and hiring quite aggressively and strategically. We have lots in hand including rollout of 2G services in 3 circles including UP-E, UP-W and Bihar/Jharkhand and 4G services rollout, and we need the best professionals to meet these organizational goals."
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