Citi India to compensate employees impacted by Covid-19

Citi India is offering a special compensation award to employees who are most likely to be impacted by Covid-19, a first-of-its-kind initiative in the country.It is providing Rs 18,000, subject to income tax, to each employee whose annual base salary is up to Rs 10.8 lakh. Employees who qualify will have the amount credited to their salary accounts in April. The subsidiary of the New York City-headquartered financial services corporation Citigroup is also allowing a select grade of employees, working from home, to claim their expenses for broadband installation or dongle purchase and data charges up to Rs 3,500, subject to tax, for the consolidated March- May period. This facility could be extended depending on the situation.“We want to support our employees in any way we can during this pandemic. We know everyone is affected in different ways. Keeping this in mind, we have extended a special compensation award to help ease the financial burden of some of our colleagues, based on their compensation level,” said Ashu Khullar, CEO Citi India. “At the same time, we are extending support through a series of wellness programmes and initiatives to all employees, a majority of whom are working from home.”

from Banking/Finance-Industry-Economic Times https://ift.tt/2RmsCoC