Page 82 - Appreciating Organization's Biggest Assets

3. Flipkart Pvt Ltd: Instead of two bonuses as in
the past, Flipkart will now give
employees one performance bonus
worth 10–15% of their total
compensation. Employees are
encouraged to keep in mind the
organization’s goals and take action
in the course of their daily work to
Figure 3: Flipkart logo help the company reach those goals.
Bengaluru-based Flipkart Private The Indian e-commerce company
Limited is an Indian e-commerce Flipkart has launched FlexBen
business that was established in 2019, an all-inclusive benefits
Singapore as a private limited scheme for its staff. It has been
company. The company primarily carefully created based on input
focused on online book sales before from the staff. The programme
expanding into other product will give employees more freedom
categories like consumer electronics, and options when choosing and
apparel, household essentials, food, paying for benefits, enabling them
and lifestyle goods. The service’s to tailor their benefits package to
main rivals are Snapdeal in India suit their particular needs. The
and Amazon’s Indian subsidiary. FlexBen programme covers all
Flipkart had a 39.5% market share employees’ benefits equally, making
in India’s e-commerce market as of it universal and inclusive. For
March 2017. (Flipkart Pvt. Ltd., instance, it provides coverage for
Wikipedia). LGBT couples through this plan,

Flipkart’s Compensation and extra child or parent care coverage
Benefits are as follows: alternatives, and more choices
for single employees. Benefits for
(Flipkartcareers.com, 2022; adoption, like the majority of work
Kartikay Kashyap, 2019; Tarush and family benefits, foster goodwill
Bhalla, 2021; Workat. tech, 2022) between employers and employees
The average yearly salary since it is perceived that the
for employees at Flipkart is employer is sensitive to the needs of
INR1,155,463. The average salary the workforce.
at Flipkart is between INR 309,836 The business will offer a life
and INR 4,094,211 per year. insurance benefit to a deceased

employee’s family that is five

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