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Business News/ Companies / News/  Air India employees get salary hikes, pilots to receive annual performance bonus: Here are the details
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Air India employees get salary hikes, pilots to receive annual performance bonus: Here are the details

Tata Group-owned Air India is offering competitive salary increments to attract and retain talent as part of a larger effort to create a performance-driven and meritocratic culture among its employees.

Air India is in the process of revamping itself under a five-year transformation plan.Premium
Air India is in the process of revamping itself under a five-year transformation plan.

Tata Group-owned Air India on Thursday announced salary hikes for its employees and introduced an annual performance bonus for pilots, news agency PTI reported.

On Thursday, “Air India CHRO Ravindra Kumar GP announced salary increments for employees, with effect from April 1, 2024, as well as performance bonus payouts for FY2023-24 based on company and individual performance," the report said, citing sources.

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The airline is in the process of revamping itself under a five-year transformation plan, announced in late 2022.

Since the Tata Group took over the loss-making airline over two years ago, this is the first appraisal process for Air India staff.

It is providing competitive salary increments to attract and retain talent as part of larger efforts to have a performance-driven and meritocratic culture among the employees, said the report.

The annual appraisals, based on the new Performance Management System (Rise.AI), have been given to all employees who joined before December 31, 2023, including ground staff, cabin crew and pilots.

The airline has around 18,000 employees. 

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CHRO Kumar said that in the last financial year, the airline achieved key milestones of laying strong foundations for growth and transformation. 

As part of the Vihaan.AI journey, Air India introduced the contemporary annual performance appraisal process, Rise.AI, and also transitioned to a simplified, market-competitive and productivity-oriented compensation structure for employees, he said.

In 2023, only compensation and contract restructuring for legacy employees were done.

In addition to the rise in fixed pay for fiscal year 2023-24, the airline has introduced a component of annual target performance bonus for its pilots based on company and individual performance, the report said citing the sources.

The Tata Group has four airlines -- Air India, Air India Express, AIX Connect (formerly AirAsia India) and Vistara. 

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Published: 23 May 2024, 09:10 PM IST
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