Flipkart rejigs pay policy; big bonus for top team

Flipkart has rejigged its increment policy for the current year, splitting the annual salary increases into two tranches rather than have those reflecting in an employee’s pay structure. Further, to check attrition, especially at the senior levels, the company will also roll out 100% bonus to its employees and provide more ESOPs (employee stock ownership plan).

Flipkart has had a spate of layoffs recently and expects these measures to help retain employees across levels.