Bonuses and Stock Options
- Performance-Based Bonuses
Many companies offer performance-based bonuses in addition to base salaries. These bonuses are typically awarded when employees meet or exceed their project goals or performance targets. Bonuses can range from 10% to 30% of an employee’s annual salary. For example, if an AI professional’s salary is ₹20 lakhs, they could receive an extra ₹2 lakhs to ₹6 lakhs in bonuses, depending on their performance. - ESOPs (Employee Stock Option Plans)
In both tech startups and large multinational companies (MNCs), employees may be offered ESOPs (Employee Stock Option Plans). This gives employees the chance to own shares of the company. If the company grows and its stock value increases, employees can benefit from the rising value of their shares. This is especially common in startups, where employees are given stock options as part of their compensation package to share in the company’s success.
Health and Wellness Perks
- Health Insurance
Most companies provide comprehensive health insurance for their employees and sometimes extend coverage to their families as well. This covers expenses related to hospitalization, surgeries, and medical treatments. Having good health insurance ensures that employees don’t have to worry about unexpected medical bills, which is a significant benefit. - Fitness Programs
Many companies also offer fitness programs to keep their employees healthy and active. This could include gym memberships, access to on-site fitness centers, or even virtual fitness classes. In some cases, companies might offer incentives for participating in wellness challenges, where employees can earn rewards for staying fit.
3. Mental Wellness Support
Recognizing the importance of mental health, many AI companies provide mental wellness support. This can include counseling services, stress management programs, or access to apps that offer meditation and mental health support. Companies might also organize workshops on work-life balance, mindfulness, and managing stress