Mahindra Satyam has Reinstated the Employee Benefits according to reports. The Mahindra Satyam which went into problems after the startling revelations by earlier promoter Mr. Ramalinga Raju and was later aquired by Mahindra group in a Government conducted auction.
Mahindra Satyam is in the process of reinstating all employee benefits which include
Variable portion of staff salaries
Employee stock option plans (ESOPs)
Promotions
Slary hikes
Based on performance parameters, all associates who handle the full lifecycle of a business are being issued ESOPs as per reports. The company has also announced that it would re-introduce a staggered cash bonus for a select set of junior associates, along with some reward and recognition programmes.
Good for Mahindra Satyamites!
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