Future Generali swims against tide with increments, promotions to staff

It also plans to hire more employees depending on business requirement. So far in the lockdown period, it has recruited 70 across various levels and plans to hire more in the current financial year

At a time when the businesses of most companies have been hit due the pandemic and layoffs, salary cuts have become the new normal, private sector general insurer Future Generali India said.

The insurer has said it will not sack its employees during these uncertain times, and has instead announced promotions, annual increments and variable payouts to all its employees.

It also plans to hire more employees depending on the business requirement. So far in the lockdown period, it has recruited 70 employees across various levels and plans to hire more in the current financial year.

Anup Rau, MD & CEO, Future Generali