In a gesture of appreciation and recognition, e-commerce giant Flipkart has announced a 100% bonus for all its employees this year.
Additionally, the company has introduced merit-linked payouts and salary increments for promoted employees.
Here are the key highlights of Flipkart’s recent initiatives:
Bonus and Merit-Linked Payouts
Flipkart’s CEO, Kalyan Krishnamurthy, revealed in a letter to employees that the management has decided to grant a 100% bonus to all employees, including Vice Presidents and Senior Vice Presidents.
The bonus amount varies based on individual performance and package. Merit-linked payouts, designed to reward eligible employees for their contributions, will be disbursed in April and October.
Outlook for 2023 and Beyond
Krishnamurthy expressed confidence in Flipkart’s performance, citing 2023 as a strong year characterized by expansion in categories and products, coupled with continuous innovation.
Looking ahead to 2024, the company aims to identify and capitalize on new opportunities with increased vigor, striving to make a greater positive impact on the ecosystem.
New Leadership Addition: Harsh Chaudhary
Flipkart recently welcomed Harsh Chaudhary, former CXO of Monetization at Meesho, to its team.
With two years of experience at Meesho, Chaudhary now serves as Vice President, Customer at Flipkart.
In his new role, he will spearhead customer growth initiatives, focusing on user acquisition and retention, including overseeing Flipkart’s video commerce unit.
Chaudhary’s appointment underscores Flipkart’s commitment to enhancing its customer experience and driving growth strategies.
Continued Support for Employees
In addition to bonus and merit-linked payouts, Flipkart reaffirmed its commitment to employee welfare by continuing stock option allocations for eligible staff, ensuring a holistic approach to rewarding and motivating its workforce.
