Jamnagar's Reliance refinery is a big reason to cheer again, this time for the Reliance employees.
On birthday of the founder, Mr. Dhirubhai H. Ambani, Reliance Industries Ltd (RIL) is announcing heavy pay rise.
Hikes will be from 22-55%, and many of this is aimed for retention in IT, engineering and marketing units, Reliance group is currently India's largest private sector enterprise with some 40,000 employees, in immediate response to counterstrike Reliance's move for grabbing employees, Govt. owned Oil and Natural Gas Corp. Ltd. (ONGC) has said that it is also planning similar pay hikes.
Well you cant take and leave, some one says that any one who leaves before October 2008 will have to pay (back) the increment with 12% interest to the company.
Hmm, interesting way of retention!!