1.
Salary
raise for Hong Kong Airlines staff
Pilots
and technical staff will get a 5% raise, while flight crew and ground staff
will see a 3.8% increase in their base salaries. Hong Kong Airlines is giving
its employees a pay raise. Starting 1 February 2024, eligible workers will see
their salaries go up. Flight crews and ground staff will see a 3.8 per cent
increase, while technical staff, such as those in maintenance and engineering,
will receive a larger raise of 5 per cent. These boosts are determined by how
well employees performed in their appraisals last year. Pilots with Hong
Kong Airlines will also benefit from a potential increase of up to five per
cent in their hourly flying rate. Additionally, staff members remain eligible
for discretionary variable incentives, contingent upon both the company’s
performance and the individual’s fulfilment of specified appraisal criteria,
similar to the previous year. The decision to increase salaries comes
after Hong Kong Airlines had a great year in 2023. It managed to bring back 25
destinations and had a high passenger load of 85 per cent. In China
itself, the airline managed to resume flights to eight cities last year. It
also added more flights to connect Hong Kong and the Chinese mainland. The
airline acknowledges the contribution of its staff in terms of their
efforts and hard work in making sure that passengers flew safe, and revenue
kept coming in and flights adhered to their schedules, even during tough times.
2.
Central employees DA to
hike to 50%
It is
set to be implemented retrospectively from 1 January, 2024. Anticipated
in March, the Dearness Allowance (DA) for Central government employees is
poised to witness a four per cent hike. It is set to be implemented
retrospectively from 1 January, 2024. Consequently, the DA for the period from
January to March will be disbursed as arrears. This allowance is
specifically designated for government employees, while pensioners receive
Dearness Relief (DR). The adjustment of DA occurs biannually, typically
in January and July, with official announcements commonly made in March.
The prescribed formula, rooted in the recommendations of the 7th Central Pay
Commission, will be adhered to for the impending DA increase. The most recent
adjustment was made in October 2023, when the cabinet increased DR for
pensioners and DA for government employees by four per cent, elevating the DA
from 42 per cent to 46 per cent.
3.
100%
placements for XLRI Jamshedpur, Delhi NCR; avg. salary of Rs 29 lpa
503 students comprising the batch of 2022-24 received job
offers, with the highest domestic offer being Rs 75 lakhs per year in the BFSI
sector. All 503 students of XLRI School of Management, which has
campuses in Jamshedpur as well as Delhi NCR, have received job offers in the
placement process that ended recently. The average salary offered was
that of Rs 29.89 lakh per annum. Additionally, 33.39 per cent of the students
bagged pre-placement offers (PPOs) too. The Institute has revealed that
its batch of 2022-24 students across the postgraduate diploma in management –
business management and human resource management (BM and HRM) have received
job offers. The highest domestic package offered was of Rs 75 lakh per
annum, from the banking, financial services and insurance (BFSI) sector. The
median salary was Rs 28 lakh per annum. It is pertinent to mention here
that the median salary offered to the outgoing batch of 2023 was Rs 30 lakhs
per annum with the top 10th and 25th percentile averages were
Rs 57.7 lakhs and Rs 46.8 lakhs per annum, respectively. The average salary had
seen an increase to Rs 32.7 lakhs per annum from Rs 30.7 lakhs per annum
in 2022. The highest domestic offer was Rs 78.2 lakhs per annum from the ITES
sector and the highest international offer was Rs 1.1 crore per annum for the
HR domain. The top domains based on the roles offered were consulting, sales
and marketing, and BFSI, with 43.8 per cent of the students receiving PPOs.
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