Vodafone Total Rewards
Vodafone Total Rewards
Vodafone Total Rewards
Dear Sukrit,
I take this opportunity to thank you for your contributions during the last year, which was both interesting
and unprecedented to say the least.
Our key priorities for this year will be to continue winning in the marketplace, focus on basics and Step Up
operational rigor across verticals. We will together, keep things simple and have customer at the heart of
all that we do. Superior customer experience is our key to differentiation.
We will continue to invest in developing capabilities and capacity within the organization, reinforcing our
reputation of being an organization with the best-in-class talent in our industry.
Health, Safety & Wellbeing of every employee continues to be a core value for Vodafone. Diversity,
Inclusion and Respect will remain the cornerstone of our culture.
Vodafone India believes in a 'Total Rewards' philosophy, which includes a market competitive approach
towards compensation and benefits, progressive people centric policies and recognition programs to bring
out the best in our employees, along with merit and role-based career progression.
We promise to be fair and transparent at all times and bring a smile to all our employees in all
circumstances.
I believe that it is YOU who will Power Up our actions in the marketplace and enable us to retain our
position as the Most loved telecom service provider in India.
Please find enclosed your revised compensation details which will be effective July 1, 2017. Feel free to
contact your Manager or Local HR who will address any queries you may have.
Regards,
Sunil Sood
MD & CEO
This is an electronic letter and does not require any signature. For any error /inconsistency, please contact
local HR.
C3 – Vodafone Confidential
Your 2017 reward statement
2017/2018 compensation
Salary*
Annual TTC effective 1 July 2017 INR 2425943
Monthly TTC effective 1 July 2017 INR 202162
Variable Pay
Variable Pay 2017/2018 20.00%
This is an electronic letter and does not require any signature. For any error /inconsistency, please contact
local HR.
C3 – Vodafone Confidential
Annexure
Name : Sukrit Gupta Band: G
Effective Date : 01-07-2017
Designation : SM - Financial Planning
Current (INR p.m) Revised (INR p.m)
Monthly Components (A)
Basic Salary (% of Fixed Pay) 61401 67387
House Rent Allowance (@50% of Basic) 30700 33694
Car/Conveyance Allowance (Basis Band) 1600 1600
Medical Reimbursement (Basis Band) 0 0
Leave Travel Assistance (LTA) (Basis Band) ^ 3000 3000
Management Allowance (Balancing Factor) ^^ 49433 54701
Retirals (B) ^^^
Retirals 7368 8086
^^^ Retirals include PF @ 12% of Basic and Superannuation @ 13% of Basic (where applicable)
^^^^ Payout as per applicable Target Variable Pay and continued employment with the organisation on the date of
payout.
^^ Management Allowance and Target Variable Pay is inclusive of minimum bonus of 8.33% of Basic (if any,
applicable under statute)
C3 – Vodafone Confidential
Your Total Reward Statement 2017 -18
Hello Sukrit
This is your Total Reward Statement effective 1st July 2017, and it’s all about YOU.
Sukrit Gupta
Employee ID: 90054863
I am delighted to share that Vodafone India is amongst LinkedIn’s 2017 Top 25 workplaces that
attracts best-of-breed talent from across India. We are thrilled to be the only mobile telecom
company to feature in this coveted list. This is because we constantly endeavor to attract, develop and
retain best talent by providing market competitive value proposition to our employees.
We have maintained that we want to build an agile, customer centric and lean organization comprising talented people who
are competitively rewarded. In line with this philosophy, Vodafone strives to provide you with a wide menu of options that
constitute your rewards mix – whether it is through addressing life style and life stage needs through flexible work policies,
better ways of working, enabling tax efficiency, opportunities to develop and access to wellbeing services or being able to give
something back to the society. We also take great pride in recognizing people for demonstrating role modelling behaviors and
enabling exceptional business delivery.
Total Rewards at Vodafone includes more than just your Total Target Cash (or cash compensation). To help you understand all
the elements of your pay and benefits, I am pleased to provide you with this personalized Total Reward statement for 2017.
This statement not only gives a summary of your Total Target Cash but also provides details of various benefits, and the costs
thereof, that are available to you. This will enable you to get a consolidated view of your Total Rewards package.
I would also like to thank your family members for continued support and I look forward to your passion and personal
commitment to drive a memorable performance in the year ahead.
Best Wishes,
Suvamoy
Director - HR
Your statement is confidential document and contains your personal details, including your salary, so if you’re in a busy office
you may choose to view your statement when your screen can’t be seen by others. Please note that this document covers
only the key highlights of current policies & benefits. In the event of any interpretation, the prevailing policy will apply.
C3 – Vodafone Confidential
Your pay at a glance
Total Reward Elements Summary Value (in INR)
Pay & allowances as mentioned in reward
Annual Fixed 2021619
statement
Target Variable Pay# Target variable pay at "G" rating 404324
B. Gratuity 38896
C2. Life & Accident Insurance Premium toward life and accident insurance 4244
cover of 50 Lacs
* Monetized value of current benefits available to you as per current company policy. Please note this is a notional amount and does
not signify any guaranteed commitment from the Company.
B. Gratuity
Sandeep Waghmare
Global CXX Hero
C3 – Vodafone Confidential
Your benefits at a glance
C1. Comprehensive Healthcare
Insurance
For complete peace of mind and access to quality
healthcare, we provide medical insurance through our
insurance provider to you and your family (including
spouse, two children and parents). The
Comprehensive Healthcare Insurance (CHIP) extends
both hospitalization (IPD) and OPD benefits to you Captain Safety – “Follow Absolute Safety Rules”
and your family with access to best-in-class network
of hospitals. C2. Life and Accident Insurance
The value of annual premium we pay to provide
this cover is upto INR 93702. The company provides you with Group Term Life
and Group Personal Accident Insurance cover of
[Max. no of dependents (6) * Premium per life INR 50 Lakh against loss of income in the event
(INR 15617)] of death or full/partial disability.
Family Plan
You love our services. Your family should too, right?
You can get up to 4 mobile connections at 30%
discounted RED tariff plans for your family members.
The annual value* of this benefit is up to
INR 18706 depending on no. of connections & tariff
plan (i.e. 12 x Max. 4 connections x Monthly discount
over market plan)
Sidhi Tyagi
*Calculation based on RED plan worth INR 1,299 per month.
Global CXX Hero
C3 – Vodafone Confidential
World of Possibilities
Development Opportunities
Engagement
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Your Recognition avenues at a glance
Vodafone believes in recognizing loyalty and commitment. This year, we are introducing service awards to celebrate service
milestones based on tenure to thank you & your family for continued support and commitment.
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Flex your Pay
Jason Pacheco
NPS subscriber
Food Vouchers
V - Delights
*All tax efficient options are as per Income Tax act and prevailing regulations will apply at any specific time.
C3 – Vodafone Confidential
Addressing Life style and Life stage needs
Sanjay Patidar
Global CXX Hero
C3 – Vodafone Confidential