Pulling the envelope
Now, it would be downright churlish of us to compare what we expect in terms of an annual raise with Mr Ambani’s happy increment.Updated: May 20, 2008, 22:27 IST
With many of us still looking heavenwards for our annual increments at our workplaces (“Increments? What increments?” is the reply from the heavens), it comes as a hearty bit of news that Mukesh Ambani has just received a nice pay hike of about 45 per cent that puts his annual salary at Rs 44.02 crore. Considering that the Chairman and Managing Director of Reliance Industries gets paid only once a year — how, oh how does he pay for his monthly expenses? — the hike is well deserved. Much of the annual cheque that he recieves, of course, is in the form of commissions, perks and allowances. We wonder whether the man, comfortable as he is with his present salary, minds this kind of break-up.
Now, it would be downright churlish of us to compare what we expect in terms of an annual raise with Mr Ambani’s happy increment. But the fact is that if Mr Ambani, performance-linked as his pay package is, can get a good deal in a nicely ticking company, why can’t we — in our respectively nicely ticking companies — hope for a similar bounty? We, of course, don’t expect a hike that will make us salary-earning crorepatis, but at least a similar percentage jump would bring us smiles that could finally push us to work.
Whether it’s about an ‘employee of the month’ at a fast-food outlet or a bright senior worker in a multi-billion dollar petro company, a pay cheque is a pay cheque. And after the sight of a gurgling baby, it’s the most wonderful thing of joy to behold.