Flipkart, Amazon to treat its employees with loads of perks this festive season
Board of Flipkart, the country’s largest online marketplace, approved the buyback plan of Employee Stock Options. Two people aware of the matter told that this will benefit the existing 6000 existing and former employees of the company. Flipkart’s share buyback plan is the biggest buyback program of the Indian start-up market, in which shareholders are getting a chance to cash in on big money. One of the people mentioned above said, “The company has a fund of $100 Million (about Rs 656 Crore) for share buybacks from the Employees.”
Amazon and Flipkart are also preparing for next mega sale this month. Both companies have introduced several Employee Initiatives for the occasion. Amazon’s next Great Indian sale is presently running from October 4 and it will last 5 days. The company has built a separate war room for it for the sake of business functions and categories. The company spokesman said, “From the midnight of October 4, all the war rooms are activated.
In these 5 days, the employees may have to spend long hours in the office. The spokesperson said, “We have also booked some rooms in the adjacent apartment complex, so that team members can sleep there during the event.” Stress in the staff in the sale season is a common complaint. Flipkart is organizing Yoga sessions at the desk to deal with it. In this case, yoga trainers will be guiding the employees about the position and posture of the body to reduce the stress. The company has also arranged a doctor on call and has also arranged for ambulance service for the safety of the employee.
Flipkart will also host events like midnight floor games, arcade games, and Cafeteria Jam Sessions. “We will organize music sessions for the employees so that they can stay away from a high-pressure environment for some time,” a company spokesman said.
Amazon has separated the rooms, where the team members can meet with the event. A company spokesman said, “Our mantra is work hard, have fun, make history.”
Amazon’s employees will get breakfast, lunch, and dinner in the office. Some employees have taken responsibility for game shows and music performances on every floor.
On the other hand, Flipkart’s spokesperson said, “This is the busiest time for the company’s employees, as it is the largest e-commerce company in the country. Recently the company’s annual flagship event “The Big Billion Days” has ended, and there is a lot of work due to get more orders for the festive season.
Amazon is going to organize a painting competition in the next sale period. Apart from this, there will be additional events such as Tambola, Make the Boxman. This involves making the participant boxman using Amazon’s box.