This Indian startup offers as much as 270% hike in salary for a job well done
- Dream11, an Indian gaming and sports startup is redefining the human resource function — adopting a rare culture.
- The gaming startup focuses on the designation of employee and not his remuneration at the previous company while extending job offers and compensation to its employees.
- Every quarter, the employee is judged by some 25 coworkers based on the company’s core values — data, ownership, performance, user and transparency.
AdvertisementDream11, an Indian gaming and sports startup is redefining the human resource function - paving the way for a new culture. It not only allows employees to set targets themselves but also offers them the flexibility to do what they want to do, as long as they bring in the results.
The company follows a pod structure — called a ‘dream team’ where product, tech, marketing, business analytics, and all other teams work together in pods — which refers to a group having a shared purpose.
The employees can introduce their own ideas and set targets.
“We don’t believe in bell curve. The culture and philosophy of how we work is completely different. We don’t have things like OKR, KRA and KPI individually set across the organisation. We only have one thing, which is a team target. Either the entire company achieves the target or we don’t,”
Salary hikes and appraisals
The 11 year old gaming startup also breaks many traditional molds when it comes to appraisals. “From 15% to as high as 270% appraisals, we pay top of markets,” Jain said.
“Everything is data driven for us. We do benchmarking of competitive companies which can poach from us. We see what they pay and then we pay at the 99th percentile,” he said.
For new employees too, it focuses on the designation and not the remuneration at the previous company. The company has 200 employees.
In fact, the drill to decide on appraisals isn’t the same either. It doesn’t let only managers rate the performance and make decisions. Every quarter, the employee is judged by 25 coworkers based on the company’s core values — data, ownership, performance, user and transparency.
Advertisement“If they get less than 7/10 rating on an average, they are given a warning. Two quarters in a row, final warning. Three quarters and you are out,” Jain said.
Dream11 backed Fancode will sell sports merchandise and game tickets
Advertisement‘I heard 150 noes before first funding’- reveals one of India's newest unicorns Dream11
2019 may be the biggest year for this 11-year old Indian gaming startup
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