The suits are finally joining the party at the homes of their employees this festive season. Companies are easing protocol, offering greater flexibility and time off to cover employees under festival stress.
Some firms are celebrating Diwali with the employees reaching office fighting traffic choked by festive shoppers in the national capital and other metros.
RPG is following a 50% work-from-home policy. Its employees can use flexibility to work from home or any location of their choice and flexible working hours coordinated with their respective managers as and when needed, including during the festive season. For those reaching their offices, RPG is encouraging its employees to take the recently inaugurated metro line in Mumbai that is close to its office. This is to prevent them from getting stuck in traffic snarls, said the company spokesperson. "The Worli metro station in the Aqua line (Metro line 3), which became fully operational a few weeks ago, is just about 500 metres from our head office (Mumbai)," said the RPG spokesperson. Like other organisations, Deloitte also has optional days off. In some locations, a certain day next week is an optional day off for Deloitte employees. "Since most colleagues availed this option, we decided to keep those offices closed and have WFH for those who haven't taken leave," Deepti Sagar, chief people and experience officer, Deloitte India.. "Our continuing hybrid working pattern benefits us with each team having the discretion to decide whether WFH will work better due to festive season traffic or any other circumstances," said Sagar. Embassy Group, a real estate developer, is giving a Diwali break from 18th to 26th October, while SgurrEnergy, a renewable energy engineering and consulting firm, is also offering a 9-day Diwali break to all 200-plus employees across India. In addition to the break, Embassy is also organising festive luncheons, personalised gifts, and bonuses, its spokesperson told ET.
While for some firms, bonuses are further increasing the festive cheer. "Diwali bonuses in India are largely on track this year, especially in the manufacturing sector, including industrial goods, automotive, and consumer durables," said Rajul Mathur, consulting leader, Work and Rewards, WTW India. According to Mathur, some companies, particularly in South India, have already paid their Diwali bonuses before the festival, while the automotive sector is expecting higher payout numbers due to strong sales performance.
Most companies in the manufacturing space, especially industrial goods, automotive and consumer durables are on track for Diwali bonus, said experts.
Higher Payouts at Car Dealerships
The overarching fact is that car bookings and consequent sales have seen multi-fold jump post GST revisions, and both wholesale and retail sales are beating expectations, said Yagesh Singhania, director, Deloitte. “For the blue-collar workforce, there is already a trend of ex gratia bonus for the year being paid during the Diwali month in addition to Diwali gifts, etc. This will continue this year.”
He also said almost all automotive OEM companies have paid the increments and bonuses for the previous fiscal year for their white-collar workforce. At the dealership level, there will be higher payouts for September end, October and November on account of larger bookings. “OEMs have already created multiple festival incentive plans to encourage dealerships to boost sales.”
Some firms are celebrating Diwali with the employees reaching office fighting traffic choked by festive shoppers in the national capital and other metros.
RPG is following a 50% work-from-home policy. Its employees can use flexibility to work from home or any location of their choice and flexible working hours coordinated with their respective managers as and when needed, including during the festive season. For those reaching their offices, RPG is encouraging its employees to take the recently inaugurated metro line in Mumbai that is close to its office. This is to prevent them from getting stuck in traffic snarls, said the company spokesperson. "The Worli metro station in the Aqua line (Metro line 3), which became fully operational a few weeks ago, is just about 500 metres from our head office (Mumbai)," said the RPG spokesperson. Like other organisations, Deloitte also has optional days off. In some locations, a certain day next week is an optional day off for Deloitte employees. "Since most colleagues availed this option, we decided to keep those offices closed and have WFH for those who haven't taken leave," Deepti Sagar, chief people and experience officer, Deloitte India.. "Our continuing hybrid working pattern benefits us with each team having the discretion to decide whether WFH will work better due to festive season traffic or any other circumstances," said Sagar. Embassy Group, a real estate developer, is giving a Diwali break from 18th to 26th October, while SgurrEnergy, a renewable energy engineering and consulting firm, is also offering a 9-day Diwali break to all 200-plus employees across India. In addition to the break, Embassy is also organising festive luncheons, personalised gifts, and bonuses, its spokesperson told ET.
While for some firms, bonuses are further increasing the festive cheer. "Diwali bonuses in India are largely on track this year, especially in the manufacturing sector, including industrial goods, automotive, and consumer durables," said Rajul Mathur, consulting leader, Work and Rewards, WTW India. According to Mathur, some companies, particularly in South India, have already paid their Diwali bonuses before the festival, while the automotive sector is expecting higher payout numbers due to strong sales performance.
Most companies in the manufacturing space, especially industrial goods, automotive and consumer durables are on track for Diwali bonus, said experts.
Higher Payouts at Car Dealerships
The overarching fact is that car bookings and consequent sales have seen multi-fold jump post GST revisions, and both wholesale and retail sales are beating expectations, said Yagesh Singhania, director, Deloitte. “For the blue-collar workforce, there is already a trend of ex gratia bonus for the year being paid during the Diwali month in addition to Diwali gifts, etc. This will continue this year.”
He also said almost all automotive OEM companies have paid the increments and bonuses for the previous fiscal year for their white-collar workforce. At the dealership level, there will be higher payouts for September end, October and November on account of larger bookings. “OEMs have already created multiple festival incentive plans to encourage dealerships to boost sales.”
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