Festival bonuses like last year

Companies are maintaining pre-festive season bonuses in line with last year's payouts to keep up employee morale. Besides manufacturing companies, consumer durable firms are giving out bonuses as performance-boosters similar to last year despite decline in growth.

In India, all big-ticket purchases happen during this time and by giving a bonus now, companies push their employees, especially those directly linked with customers, to step up.

Read the Economic Times news report here.