Mahindra Satyam, the new owner of Satyam Computer Services, on Tuesday announced its decision to reinstate the variable portion of the pay for associates across all levels. The company had suspended this in April this year after it was mired in crisis.
It has also reinstated benefits like staff welfare allowance every quarter, performance-based ESOPs for middle and senior level associates and service anniversary programmes. The company is also reintroducing staggered cash bonus for select set of associates at the junior level along with various rewards and recognition programmes to acknowledge excellence at work.
"We owe our success to the support from our associates. This has been vital to our recovery," Hari T, chief people officer at Mahindra Satyam, said in a release.
