Snapdeal Pay Hike: Face-Saving Gimmick Or Bid To Retain Talent?

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Jasper Infotech Pvt. Ltd, which runs online marketplace Snapdeal, is reportedly giving out pay hikes of up to 15% to its employees even as talks of its merger with India’s biggest e-commerce company Flipkart are fast progressing.

Sanchit Vir Gogia, Chief Analyst and CEO at Greyhound Research, says, “Following the acquisition by Flipkart, it will be critical for the founders of Snapdeal to retain talent. So, pay hikes are standard. And considering the state of the economy after demonetisation, it is a very good hike. When the market is going at 7-8%, 15-20% is very healthy.”

[VC Circle]

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