New Delhi: Kalanithi Maran-promoted SpiceJet will raise monthly salaries of it’s around 100 senior commanders by up to Rs 80,000 on average from July 1, in a move to counter increased attempts by new players such as Etihad, AirAsia and Tata-SIA to poach highly-skilled commanders from the incumbents, industry sources said.
This is part of a wage hike plan for across the carrier’s cabin crew and its approximately 400 pilots. The industry’s average monthly wage for senior commanders is Rs 5.3 lakh but at SpiceJet it is lower, at about Rs 4.5 lakh. The wage increase will be a combination of fixed and variable pay, though the larger increase will be in the fixed pay component.
Sanjiv Kapoor, SpiceJet’s COO told FE, “The wage rate increase for pilots would be made up through improved productivity, better rostering, etc, and so it would be largely cost neutral. This will help us retain employees, and boost morales, as we work on turning around the business”.
Read news in full 24/05/14 Roudra Bhattacharya/Financial Express
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