India’s biggest industrial group, Reliance, has decided to restore the salary of all its employees retrospectively from April 1, 2020. Also, it will pay a performance bonus, which was initially deferred owing to the disruption caused by the pandemic.
This decision made by Reliance is seen as a strong indication, of how Indian Industries are recovering against the devastating blows of the COVID-19 depths. This step is in a lot of ways equal to the absolute economic spur, which will lead to demand in the economy.
RIL is also offering a 30 percent, as an advance of the variable pay from the upcoming year’s salary to employees as a gesture of goodwill, for working during the pandemic. The company said that it has taken all these measures to help its employees.
RIL has shown a powerful demonstration of ethical leadership, which reflects the image of an organization that cares. For sure, the announcement made by Mukesh Ambani is going to push many other companies to follow a similar suit.