News: E-commerce firms can make their low-level workers rich

Strategic HR

E-commerce firms can make their low-level workers rich

Infosys founder Narayana Murthy's chauffeur and personal assistant had hit headlines in late 1990s for having crossed the wealth barrier - when value of their stock options skyrocketed. Office boys, warehouse supervisors, clerks, receptionists and other non-managerial employees of some of India's sharpest ecommerce firms can cross that same barrier, provided their firms offer a buyback or they get listed or there's an M&A activity. Flipkart, Snapdeal, ShopClues and Infibeam are among e-commerce notables that have stock options for lowerrung, non-managerial staff.

Infosys founder Narayana Murthy's chauffeur and personal assistant had hit headlines in late 1990s for having crossed the wealth barrier - when value of their stock options skyrocketed. Office boys, warehouse supervisors, clerks, receptionists and other non-managerial employees of some of India's sharpest ecommerce firms can cross that same barrier, provided their firms offer a buyback or they get listed or there's an M&A activity. Flipkart, Snapdeal, ShopClues and Infibeam are among e-commerce notables that have stock options for lowerrung, non-managerial staff.

Read the Economic Times news report here.

Read full story

Topics: Strategic HR, #Trends, #National

Did you find this story helpful?

Author


QUICK POLL

How do you envision AI transforming your work?