In a bid to incentivise its staff and improve their performance, Air India may soon offer them employee stock options (ESOPs). The erstwhile national carrier, which was acquired by the salt-to-steel conglomerate Tata Group last year, will be the second company in the Group to have an ESOP policy.
Tata Motors is the other Group company with an ESOP policy, which was implemented in 2018. Air India will also bring in a key performance indicator for its employees — a benchmark to be used to judge their performance.
Sources said that the airline’s board will soon clear a comprehensive ESOP