Why there will be no salary hike for these Flipkart employees

Flipkart, according to a report in Economic Times, has told its employees that the top 30% of the staff, which includes the top leadership, will not be eligible for appraisals this year as the ecommerce giant is battling tough macroeconomic conditions. The report quotes an internal note sent by Flipkart’s chief people officer Krishna Raghavan.

The reason behind the no pay hike
Flipkart said that the move aims to better use its resources.The chief people officer Raghavan in the internal note to employees said that the company wanted to be “prudent” in managing its resources amid tough macroeconomic conditions. “At Flipkart, we have always attempted to balance employee and org priorities, with our action being driven by what is right for our people.