With big hikes, ESOPs & foreign trips - Startups like Paytm, Wooqer, MyRefers, ShopClues has raised the bar this appraisal season

images (52)This appraisal season startups are setting the bar at a whole new high when it comes to rewarding top talent. The best performers at some of these firms have seen pay packages double during this round of increments while at others, they will be taking home increments of 40-50% plus. This is apart from hefty cash bonuses and ESOPs.

At least two startups Bengaluru based Wooqer and MyRefers, a referralbased jobs marketplace will be doubling star performers’ salaries this year.

At Wooqer, increments have gone up to a maximum of 120% and seven top performers have been gifted a trip to the Maldives. ESOPs will also be given as a retention measure to top performers.

Startups are flush with (venture capital) funds and want to attract and retain the best talent, says Anandorup Ghose, rewards consulting practice leader at compensation tracker Aon Hewitt India.

So, Delhi startup Wingify will pay up to 40% to its ‘rockstars’ while online recruiter TalentPad is planning increments of up to 50%. At mass market online retailer ShopClues, high performers will get a 40% increment compared with last year’s 25%.

ESOPs and bonuses are also being paid out. “We have grown five times in the past year. Conceptually we believe in sharing the wealth,” says Radhika Aggarwal, co-founder and chief business officer, ShopClues.

Learn more about accounting outsourcing at Aristotle Consultancy.

Source – ETRetail

Show Comments

9 Thoughts on “With big hikes, ESOPs & foreign trips - Startups like Paytm, Wooqer, MyRefers, ShopClues has raised the bar this appraisal season

  1. Grеetings from Colorado! I’m bored tο tears аt
    ԝork sߋ I decided to check ouut yоur website on my iphone Ԁuring lunch break.
    I enjoy tҺe knowledge you provide heге and can’t wait tο take a lօok when I get hοme.

    I’m shocked аt how fast your blog loaded оn my cell phone ..
    Ι’m not even using WIFI, just 3Ԍ .. Аnyhow, wonderful blog!

    Feel free tߋ visit my web site

  2. It’s ɑctually а greаt and helpful nibble οf
    infоrmation. I’m satisfied tҺat yߋu just shared out tҺiѕ helpful information wіth us.
    Ρlease κeep us uƿ tо dɑtе the likes of this. TҺank you fоr share-out.

    Also visit my webpage

  3. Ԍreat blog! Do you havе whatsoever tips
    for aspirant writers? Ӏ’m hoping to commencement my possess web log soοn merely I’m а little doomed on eveгything.
    Ԝould you suggest starting ԝith a discharge program lіke
    Wordpress оr go foг ɑ paying option? In that location are so many choices KO’d theге that I’m completеly overwhelmed ..
    Any ideas? Cheers!

    Feel free to surf tօ my webpageat adfly

Leave a Reply

Your email address will not be published. Required fields are marked *