Prove Your Worth: LTI Mindtree's Exam-Based Pay Hike System

LTI Mindtree, a top IT services firm, has taken an innovative method of wage hikes. The firm now demands that workers pass an exam to be eligible for a pay raise. This new system is intended to promote ongoing learning and skill improvement among employees. By connecting performance appraisals with tangible knowledge and experience, LTI Mindtree hopes to develop a more capable and competitive workforce. The development has generated debate in the technology sector regarding the efficacy of the steps in driving workers and their professional development.
Source: Economic Times