According to a report in a business daily, the company is all set to soon start the promotions cycle in certain departments. Quoting a company official, the report says that employees identified as high performers will be given promotions and pay hikes.
The official said that the move aims to recognise employees’ commitment and dedication to the organization.
Earlier this month, Mahindra Satyam said that it has reinstated the variable portion of employee salaries. The company also restored the stock options given to employees across levels.
The erstwhile Satyam had withdrawn variable pay in April citing tough business environment.
In January, Satyam founder Ramalinga Raju shocked the business world when he admitted to a Rs 7000-crore accounting fraud. The accused faces charges of cheating, criminal conspiracy, falsification of records and forgery.
The scam-hit Satyam was later acquired by Tech Mahindra, the IT arm of the Mahindra group, and renamed Mahindra Satyam.
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