Flipkart Implements Merit-Linked Hikes in Revised Increment

With the goal of keeping workers from leaving, e-commerce giant Flipkart has made a big change to how it provides raises. The company handles employee safety in a forward-thinking manner. For better employee satisfaction and retention, especially among top staff, they now use a split-increment plan.

A letter was sent to Flipkart workers

Employees of Flipkart got a letter explaining the new policy, which changes the normal yearly pay rise to a two-part increment scheme. People who work for Flipkart will get the first part of their 5% rise in April and the second part later in the year. "Merit-linked payouts," this clever idea, shows that Flipkart is committed to always recognising and rewarding workers for their hard work throughout the year.

Flipkart Implements Merit-Linked Hikes in Revised Increment Process for Employees

Flipkart ensures promotion benefits remain unchanged

Flipkart has confirmed that, despite the company's new policy, promotions will still result in raises for employees. In this way, the company shows its dedication to recognising and developing abilities at all levels. Flipkart has also modified the calculation of raises and the distribution of bonuses. This year, workers will get a 100% bonus instead of an 80% bonus. This project tries to increase employee motivation and reward them, creating a culture of excellence and dedication within the company.

Flipkart Implements Merit-Linked Hikes in Revised Increment Process for Employees

Spokesperson for Flipkart

A spokesperson for Flipkart commented on these developments, stating, "At Flipkart, we prioritise the well-being of our employees and the organisation as a whole. This compensation review cycle reflects our commitment to providing fair and rewarding opportunities, including promotions, merit-linked payments, bonus enhancements, and continued stock option allocations for eligible employees."

At the end,

Flipkart is making these strategic decisions at a critical time, given recent allegations of employee layoffs. The company wants to boost employee morale, lower turnover, and keep a highly motivated staff, especially among its top talent pool, by taking these steps.

Image Source: Multiple Agencies

(Inputs from agencies)