Here’s how Reliance Jio keeps its loyal employees happy
Advertisement
Advertisement
Reliance Jio Infocomm, with its free data and voice schemes, has taken the market by the storm and now the Mukesh Ambani-owned company is looking forward to roll out stock options for its employees. This will act as a reward to employees owing to the pace at which subscribers are being added on
ET quoted sources as saying the stock options programme is currently in the planning stage and could be rolled out later this year.
Reportedly,
"In case of Jio, the percentage may be similar to the parent firm. But since Jio is unlisted, it could be given in the form of stock appreciation rights," the head of a compensation consulting company, told ET.
Advertisement
All leading telcos such as Bharti Airtel, Idea Cellular and Vodafone India have employee stock option (Esops) plans.
Esops are usually given once a year and can range between 10% and 200% of an employee's salary. These are over and above the compensation, and act as a talent retention tool.
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Consuming excessive salt and inadequate potassium, protein is making North Indians prone to life-threatening diseases: Study
- Upcoming cars and two-wheelers launching in India in April 2024
- Ice melt in Antarctica and Greenland is slowing Earth's rotation, affecting timekeeping: Study
- Elections on a plate: Poll panels fix menu & expense ceiling for Samosa, tea, biryani & more
- Regenerative farming, cover crops will help farmers increase yields, reduce stubble burning: IDH CEO