1
Introduction to Apollo Tyres
Where can I learn more about Apollo Tyres?
ABOUT Apollo Tyres - go the distance ...
Apollo Tyres Ltd is a $2.3 Billion international tyre manufacturer and the leading tyre brand in India.
Apollo has ambitious plans of doubling its revenue to $5 Billion by 2026 with a big focus in growing the North American Region. It is making great strides in creating a differentiated vision, brand strategy and value proposition for its customers through its focus on Technology, Innovation, Sustainability and Inclusion. Learn more about their story as it evolves...
3
Vision and Mission
Where can I learn more about Apollo's Vision and Mission?
Let's dive into understanding Apollo's Vision and Mission
Personal Values and Corporate Values
Corporates are dealing with the intrinsic needs of a multi-generational workforce. Yes, for the first time in modern history, there are five generations in the workforce! Apparently, we each exhibit unique personality traits and values.
-
The Silent Generation (born 1925 to 1945; loyal but traditional)
-
Baby boomers (1946 to 1964; collaborative but averse to change)
-
Generation X (1965 to 1980; independent but bleak)
-
Millennials (1981 to 2000; driven but entitled)
-
Generation Z (2001 to 2020; progressive but disloyal)
Use theboardiQ Personal Values Generator to unearth how well your personal values mesh with your organizational core values.
5
Research and development
Where can I learn more about Apollo's focus on Research and development?
Apollo has two Global R&D Centers based in India and the Netherlands
It employs over 400 R&D engineers & researchers
It focuses on cutting edge development across all product categories: CV, PV, OHT, SUV and TWT
It is the first manufacturer in India to be awarded ISO 17025 for track tests
6
Relocation
What relocation benefits would I be entitled for?
Lets spend a few moments understanding Apollo's relocation benefits
-
The Company will cover the cost of one way direct-route economy class airfare from the United States to India (New Delhi) for the offered candidate and his / her spouse + up to 2 children.
-
You will be on Apollo Tyres India Payroll. You will be paid in accordance with local India payment practices and will receive other remuneration elements equivalent or comparable to what a peer in India would receive with similar responsibilities, grade level, experience and level of performance.
-
You will pay tax on each element of compensation and benefits as though a resident of India with effect from your join date in India.
-
You will observe India holidays and work hours. Your vacation will be according to Apollo Tyre’s India policy and Apollo Tyre's personnel policies and practices will likewise apply.
-
Incidental Relocation Allowance - You will be entitled to a one time Incidental Relocation Allowance of USD 2500 to defray initial settling in expenses and transportation of household goods.
7
Overview of Compensation & Benefits
Where can I learn more about Apollo's benefits?
Apollo offers competitive employee benefits for a healthy, productive, and satisfied workforce.
There are 4 Components to the Cost to Company approach.
1. Basic
35% of Fixed Pay is classified as Basic Pay.
2. Flexible Benefit Plan (FBP)
FBP Scope: The employee is given the freedom to pick and choose from the kitty available as listed below:
- HRA (House Rent Allowance)
- Conveyance Allowance
- Transport - consisting of Fuel, maintenance, Road Tax and Insurance, Driver Salary, or reimbursement of conveyance for official work
- Telephone/ Mobile Phone/ Internet Allowance
- Entertainment Allowance
- Books and Periodicals
- Taxable Allowance
3. Retirals
Employer Contribution:
PF- 12% of Basic and the same amount will be deducted for employee's contribution.
Gratuity- 4.81% of Basic Salary with a lock in period of 05 yr.’s
Superannuation (Optional)- 15% of Basic Salary with a lock in period of 05 yrs. transferrable on exit if completed 05 yrs. Superannuation is optional, an employee can opt to get this paid out monthly vs taking it out after retirement – this is upto you whether you want to take it after retirement. Maximum employees opt out because this increases cash in hand.
4. Performance Bonus
Percentage of Variable Pay (PB) to Fixed is 20%
Advance PB Pay-out schedule- 25% paid at end of Qtr 1 (August Salary) & Qtr 2 (November Salary) each.
Final Annual PB Pay-out after considering Company and Employee performance at end of the financial year and paid in the May month salary (less advance PB already paid).
5. Vacation / Personal time off policies
We follow leaves: Casual Leave : Unlimited(can be taken for a maximum of two days at a time), Sick leave: Unlimited (Leaves taken for three or more days consecutively requires to be supported by a medical certificate), Privileged Leave: 25 Days in a year, eligibility after 1 year of service. Additional 8 leaves for festivity.
6. Health care insurance
5 Lacs; for self, spouse, two dependent children only. If join during the year, claim disbursal also on pro-rata basis. Premium amount to be borne by employee Rs. 8277/- p.a., if join during the year will be deduction on pro-rata basis.
7. Life Insurance:
A life insurance cover of INR 5,00,000 in case of death of employee Accident Insurance: In case of death due to accident, a claim of amount equivalent to 60 Months (100 Month for Field) of Basic component will be processed by insurance company.
8
Cost of living - US and India
Where can I get more information about my saving potential by moving back to India?
Choose location option below to see cost of living comparisons between major US locations and Gurgaon, India. These are indicative guidelines only.
The cost of living in New York City is significantly higher than in Gurgaon. According to Numbeo, a website that compares the cost of living in different cities around the world, the cost of living in New York City is about 324% higher than in Gurgaon. This means that goods and services in New York City are, on average, about three times more expensive than in Gurgaon.
Here is a breakdown of some of the key cost of living differences between New York City and Gurgaon:
Housing: The cost of housing is one of the biggest differences between New York City and Gurgaon. The median rent for a one-bedroom apartment in Manhattan is about $3,500 per month, while the median rent for a one-bedroom apartment in Gurgaon is about $500 per month.
Food: Food prices are also higher in New York City than in Gurgaon. A meal at a mid-range restaurant in New York City will cost about $20 per person, while a meal at a mid-range restaurant in Gurgaon will cost about $5 per person.
Transportation: Transportation costs are also higher in New York City than in Gurgaon. A monthly pass for public transportation in New York City costs about $127, while a monthly pass for public transportation in Gurgaon costs about $10.
Utilities: Utilities costs are also higher in New York City than in Gurgaon. The average monthly utility bill for a one-bedroom apartment in New York City is about $150, while the average monthly utility bill for a one-bedroom apartment in Gurgaon is about $50.
Other expenses: Other expenses, such as clothing, entertainment, and healthcare, are also higher in New York City than in Gurgaon.
Overall, the cost of living in New York City is significantly higher than in Gurgaon.
