Here’s how Reliance Jio keeps its loyal employees happy
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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.
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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.
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