Air India revealed its annual salary increments and introduced an annual target performance bonus for pilots, marking the first appraisal process since Tata Group took over the struggling airline over two years ago.
The monthly salary increase for pilots ranges from Rs 5,000 to Rs 15,000, depending on their experience and position, with an annual target performance bonus of up to Rs 1.80 lakh, sources stated.
Air India’s Chief Human Resources Officer, Ravindra Kumar GP, announced the salary increments and performance bonus payouts for FY 2023-24, effective from April 1, 2024. The appraisals cover all employees who joined before December 31, 2023, including ground staff, cabin crew, and pilots, and are based on the new Performance Management System.
In addition to the fixed pay increase for FY 2023-24, the airline introduced an annual target performance bonus for pilots based on company and individual performance, applicable from FY 2024-25.
The monthly fixed pay for first officers and captains will increase by Rs 5,000 each, while for commanders and senior commanders, it will rise by Rs 11,000 and Rs 15,000, respectively. However, there will be no hike for junior first officers.
The annual target performance bonus will be determined by company and individual performance, with junior first officers, first officers, and commanders eligible for bonuses ranging from Rs 42,000 to Rs 1.32 lakh annually. Senior commanders could receive up to Rs 1.80 lakh.
This marks the first appraisal of Air India staff since the Tata Group takeover in January 2022. The airline, amidst a five-year transformation plan, aims to foster a performance-driven and meritocratic culture among its 18,000 employees. The recent initiatives include transitioning to a simplified, market-competitive compensation structure and introducing the Vihaan.AI performance appraisal process.