Hi Novartis people, can any body share the revised pay benchmark (cuz of EPIC pledge) for Manager and Senior Manager/Team Lead roles? Is it to start from this year or if it would be enacted in 2023-2024 cycle

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As per latest information, for existing employees, it will be in effect starting 2023-24.

Plus as per my discussion with my TL, no one in full confidence can tell you what changes this pledge will bring. Hence, it will be difficult to confirm pay brackets for now.

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Yes it is.

You can also take this as an opportunity for an organisation to reduce attrition. Make a feel good initiative (Equal Pay Pledge) and let your existing employees feel they’ll finally get deserving hike and wait for same to happen (but hire new employees basis new pledge, so that external world feel that Novartis is actually following the pledge).

Even after 3 years of initiation of this pledge on one hand is not finalised for existing employees and on the other hand are helping organisation offer relevant salary to new employees..🥲

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It would differ from function to function..generally TL/SM would be 28+ ctc
My friend became TL in jan with 28 lpa getting 35-40% jump...So I guess pledge is in effect for exosting employees too (at least for promotion cases)

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Make sense, thanks for all your inputs 🙂

🥲

In EPIC you’ll be given ab percent value (salary position) ranging from 80-120% where 100% means Market Reference Point or Median value or Benchmark for that particular role. Rest you can refer to below screenshot. In short you might not get the range, but salary position to assess where you stand viz-a-viz Market Median

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