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Know How Reliance Jio Plans To Reward Its Employees

January 11, 2017 Author: Diksha Jani
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    Know How Reliance Jio Plans To Reward Its Employees

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    A familiar person of Reliance Jio Infocomm said that Mukesh Ambani is planning to roll out stock options for its employees, which could be a reward for the pace at which subscribers are being added.

    The company Jio did not replied the mail queries of the user. The stock options programme is currently in the planning stage and could be rolled out later this year.

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    Reliance Jio, with its 30,000-plus permanent employees, will possibly introduce stock options initially for senior executives.

    The company is believed to be in the process of launching the programme, and 10-15% of senior executives' compensation could be in the form of Esops.

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    Head of a compensation consulting company said that,"In case of Jio, the percentage may be similar to the parent firm. But since Jio is unlisted, it could be given in the form of stock appreciation rights".

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    In October, Jio had handed out 7-15% increments to junior and middle-level employees and 5-10% to seniors — slightly better than industry average of 7-12%.

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