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E-commerce firms to give higher increments

10-30% increments e-commerce companies are giving

Digbijay Mishra & Itika Sharma Punit  |  Bengaluru 

for at leading are likely to be 10 to 30 per cent.

Sources at Delhi-based said the company's average rise was pegged at 20 per cent. Sources at India's largest e-tailer, Flipkart, said the minimum rise at the company was 10 per cent. Till last year, the pay rise at was 15 to 17 per cent. refused to share details.

A large company in the sector, Amazon India, concluded appraisals for its and will announce later this month.

and have expanded their employee stock ownership plans by allocating more share capital. These plans are attracting talent from traditional retailers.

E-TOPIA
  • 10-30% are giving
     
  • 20% Average raise at New Delhi-based this year
     
  • 10% minimum raise at Flipkart
     
  • 6-9% Raise in information technology services companies
     
  • and have expanded their employee stock-ownership plans for FY16
     
  • A high churn rate in the sector has forced to give good increments
     
  • Many are moving from traditional retailers to e-tailers.

"For 2014-15, the average pay rises have worked out to 20 per cent, which is higher than last year's," said Saurabh Nigam, vice-president, human resources, The rises in the sector follow an increasing churn rate.

"is not a constraint for companies, they want talent and will pay high," said Kris Lakshmikanth, chairman of Headhunters India. "Most are growing fast and hiring big. They will be willing to pay more to retain talent," he added.

Despite being technology-driven, India's 10 leading are looking to absorb at least 15,000 professionals by December. According to sources, Snapdeal, which is setting up an office in Bengaluru, will hire 1,000 over the next few months.

Traditional retail companies, not known as the best paymasters, were willing to pay far higher salaries for in their initiatives, said a source. "A retail company is looking to hire more than 1,000 people in the coming months and it is willing to pay high," the source said.

Double-digit for were in addition to higher salaries than in traditional technology sectors, C K Guruprasad, principal at Heidrick & Struggles, said.

First Published: Thu, April 02 2015. 00:45 IST
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