Thursday, June 30, 2022
Home Business SpiceJet Introduces Interim Fixed Pay System

SpiceJet Introduces Interim Fixed Pay System

SpiceJet has come up with an interim fixed pay system for captains and first officers

Budget carrier SpiceJet, which had resorted to hourly-basis pay for pilots amid the pandemic, on Sunday said it has introduced a new “interim fixed salary system” for captains and first officers.

The airline said not only will pilot salaries “increase significantly” under the new pay structure but those who fly more than the stipulated minimum hours will be paid overtime.

However, some pilots contested the assurance given by SpiceJet and claimed “stress” due to the continued reduction in their salaries implemented in April last year.

The pilots claimed that they were being paid a third or a half of their pre-Covid-19 salaries despite the company achieving an occupancy rate of over 85 per cent on passenger flights and being among the largest air cargo carriers during the pandemic.

The Gurgaon-headquartered airline said it had adopted a “block hour payment system” after the COVID-19 outbreak effective April 1, 2020, wherein pilots were paid based on the hourly flying rate without having to send anyone on ”leave without pay”.

“While many other airlines and organisations severed employee contracts during the pandemic, there was no retrenchment in SpiceJet,” a SpiceJet spokesperson told PTI.

“The migration to the block hour payment model was expected to be short-lived. However, the second wave of COVID-19 has delayed the implementation of our ”normal” salary structure,” the spokesperson said.

An interim “fixed salary system” effective from September 1, 2021, has now been implemented to provide better pay-out, said SpiceJet two days after it sent out an e-mail to all pilots announcing the change.

The objectives of the new system, it said, are having a pay structure that reflects fixed salary components and other relevant components.

It will also enable payment of a fixed minimum salary to all available pilots and those who fly more than the stipulated minimum hours will be paid overtime, it added.

Source link


TRS sitting on cash pile of Rs 425 crore

TRS president and Telangana Chief Minister K Chandrasekhar Rao on Monday said the party has fixed deposits of Rs 425 crore which it...

RBI Governor Says Robust Auditing Practices Will Help Counter Frauds

<!-- -->RBI Governor has asked auditors to be alert about manipulations in accounting practicesReserve Bank of India (RBI) Governor Shaktikanta Das on Monday...

Transferring money online? Here’s everything you need to know about IMPS, NEFT, RTGS and more

New Delhi: The Reserve Bank of India (RBI) recently increased the Immediate Payment Service (IMPS) transaction limit from Rs 2 lakh to Rs...


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

‘I’m pretty good’: Nick Kyrgios shuts critics with commanding win, says ‘Wimbledon best chance to win Grand Slam’

Nick Kyrgios, who is yet to get his hands on single Grand Slam, will now be seen in action on Saturday. His third-round...

Harmanpreet: ‘When I lead, I feel more involved in the game’

The ODI series against Sri Lanka will herald a new beginning for the Indian women's team.The three-match series, to be played in Pallekele...

Aus Vs SL 2022: Stand collapses in heavy rain at first Test between Australia and Sri Lanka – ICC News Breaking News

Aus Vs SL 2022 Srilanka June 30, 2022: Stand collapses in heavy rain at first Test between Australia and Sri Lanka....

Chelsea record signing Romelu Lukaku re-joins Inter on loan

Romelu Lukaku has re-joined Inter Milan on loan from Chelsea. He joined Chelsea for the second time last August for a reported 97.5...

Recent Comments