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Mahindra Satyam to reintroduce variable pay

Special Correspondent

NEW DELHI: Mahindra Satyam on Tuesday announced its decision to reinstate the variable portion of the pay for associates across all levels, which was suspended in April this year after crisis hit the home-grown IT multi-national.

The company has also reinstated other benefits that include staff welfare allowance every quarter, performance-based ESOPs for middle and senior level associates and service anniversary programmes.

Mahindra Satyam will also be re-introducing staggered cash bonus for select set of associates at the junior level, along with various rewards and recognition programmes in order to acknowledge excellence at work, a company statement said.

“We owe our success to the unprecedented commitment to delivery excellence and support from our associates ,” said Hari T., Chief People Officer, Mahindra Satyam.

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