The employees could get cash payouts as a percentage of their total salary, special festival incentives, gifts and a larger portion of total variable pay as the bonuses, reported NDTV. The good news is that after Diwali the job market would see improvement, which in turn is forcing employers to offer good bonuses or salary hike to employees to retain them.
The survey report shows that 32% of the private sector employers are planning to dole out one-month basic salary to their employees as festival bonus, 29 per cent are considering to give a lump sum fixed amount and 39 per cent plan to give 5-6 per cent of CTC as festival bonus.
Sixty-three per cent of Public Sector Undertakings (PSUs) have planned to make their employees happy with one month basic salary, while the other 37% firms will dole out a lump sum fixed amount as Diwali bonus.
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