This 167 Year Old Company Giving a 2-Week Salary Bonus To All 15,000 Indian Employees!
PricewaterhouseCoopers Private Limited, or PwC India, has announced that all the employees of the company, as many as 15,000 employees, will be granted a one time bonus.
Apparently, this bonus is an appreciation of the employees’ work in the particularly difficult time of COVID-19 disease and the lockdown that was imposed last year.
How much will be given in the form of bonus? What is the reason for this bonus for all employees of PwC India? Read on to find out all the details!
PwC India To Offer Two Weeks’ Pay As Bonus To 15000 India Executives
PwC India will be offering a bonus that will be equivalent to two weeks’ pay to all the 15,000 India executives. This pay will be included in the salaries of March 2021.
Sanjeev Krishan, Chairman, PwC India has said, “Responding to the crisis with extreme agility and ensuring business continuity for all was paramount and we are very proud of and humbled by the way all our people got together and ensured that we and our clients not only navigate the crisis well, but also emerge stronger from it.”
He has appreciated the efforts of the employees especially during the difficult year that has passed. He also clarified that the past year has been a particularly difficult one, one of the most “challenging and disruptive years for business,” not only for the company, but also for the clients of PwC India.
Does This Bonus Show Growth Of Indian Economy?
This bonus also sheds some light on the growth of the Indian economy in the near future.
As per reports, this one time bonus payout will not be dependent on the normal appraisal and increment cycle of the company, which will be as per the previous timelines.
PwC India announced the work from home model for its employees even before the government made it a rule for employees of companies to work remotely to curb the spread of the COVID-19 disease.
However, the news last year was that PwC India, along with Tata Consultancy Services (TCS), Wipro, and Infosys, were some of the companies to defer pay hikes.