E-commerce company snapdeal will give annual salary hikes of 20 percent and above for its top performers. The increase will be effective from April 1, will also include ESPOs for the top performers. “This will benefit about 5-15 per cent of the company’s employee base. It is important to retain talent and these efforts keep employees motivated and committed to the company’s goals, according to media reports.
Last year, Snapdeal had rolled out a hike of 16 per cent and above for its top performers. Under the performance improvement plan (PIP), employees have been given 30 days to improve performance and failure to improve will result in termination of services.