In order to get more people to apply for jobs, some companies are offering major perks and referral bonuses to new joinees so as to increase the employee headcount. Fintech start-up BharatPe is one such company that is offering several massive joining and referral perks to techies in a bid to aggressively expand its ‘Tech Team’ by almost three times by next year.
“The company, that is planning to launch a slew of products in the merchant and consumer lending space, will be tripling the strength of its Technology Team and hiring 100 more members,” BharatPe said in a statement.
The joining perks include ‘Bike Package’ and ‘Gadget Package’, where the joinees can choose either of the two. The Bike package has 5 bikes as options – BMW G310R, Jawa Perak, KTM Duke 390, KTM RC 390 and Royal Enfield Himalayan. The gadget package includes – Apple iPad Pro (with Pencil), Bose Headphone, Harman Kardon Speaker, Samsung Galaxy Watch, WFH desk and chair, and Firefox Typhoon 27.5 D bicycle.
Note that the bike and gadget package is available to anyone referring tech talent to the company and has been extended to the whole team as well as alumni of BharatPe.
Additionally, the company will host its entire Tech Team in Dubai for the ICC Men’s T20 World Cup from Oct 17- Nov 14, 2021. The Tech team members will get a chance to watch the matches of the ICC Men’s T20 World Cup. Moreover, the appraisals for the team have been preponed by 8 months and the team has earned 75% increments split between CTC and incremental ESOPs, effective July 1, 2021.
It is worth noting that the company has announced team appraisals for the current financial year eight months in advance and the team has earned 75 per cent increments split between CTC and incremental ESOPs, effective July 1, 2021.
Speaking on the initiative, BharatPe Co-Founder and CEO Ashneer Grover said, “BharatPe is a tech-first Fintech. As we build the next generation of banking in India, we want to invite and excite the best Tech talent to work with us on building market-leading products at scale. We will, therefore, be taking the lead in Tech talent compensation in India because that’s the only real investment our business needs given the capital efficiency of our model.”
Meanwhile, HCL Tech also recently said it is planning to give a brand new Mercedes Benz car to its top performers. The company had given out 50 Mercedes Benz cars to top performers earlier as well in 2013 but later discontinued the practice.
