'JetIgnite' is a scheme that is being initiated to solicit ideas from the working level employees. The ideas pertain to cost reduction only. In return, the employee shall be rewarded a percentage of the savings so achieved.
The rewards shall be given in three phases:
- At the time of the idea acceptance
- At the end of the pilot testing phase (as may be decided by the judging panels)
- At the end of first year of savings so achieved
The amount of reward shall NOT exceed INR 1 Crore as a gross payout.