News: AAI raises bond to Rs 5 lakh for mid-level executives

Compensation & Benefits

AAI raises bond to Rs 5 lakh for mid-level executives

Faced with high attrition in its key areas of air traffic management, a harried Airports Authority of India (AAI) has decided to make new recruits sign up to Rs 5-lakh bonds to stem exodus of mid-level executives, PTI reported.  

Faced with high attrition in its key areas of air traffic management, a harried Airports Authority of India (AAI) has decided to make new recruits sign up to Rs 5-lakh bonds to stem exodus of mid-level executives, PTI reported.  

According to a circular, the AAI has decided to make it mandatory for the new executives from two crucial areas - air traffic management (ATM) and communication, navigation and surveillance (CNS) - to sign a bond of up to Rs 5 lakh while joining the Government organisation which they will have to shell out if they leave the job after one year.

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Topics: Compensation & Benefits, #TotalRewards, #National

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