Reliance Jio’s new strategy to curb top level attrition: Esops

Reliance Jio may roll out stock option plans or Esops programme for its employees later this year to curb senior-level attrition and attract new talent. The latest move could also be a “reward for the pace at which subscribers are being added,” according to an Economic Times report.

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The move follows exits of a number of top-level executives across functions who have the quit the 4G entrant in last few months. Vijay Jain, President and Business head –Fixed Line of Jio, was the latest executive to leave the company in December.

The telco has already lost key executives like Pradeep Shrivastava, chief marketing officer; Martijn de Jong, chief digital marketing officer, senior vice president digital channels; Soren L Hansen, chief cloud architect and Pawan S Yadav among other executives.

According to reports, the telco’s senior vice president on customer experience, Mitchell Windsor; Nitin Bhandari Vice President – Digital Payments Business also left the telecom company in quick successions.

According to the ET report, Jio will possibly introduce stock options initially for senior executives. Around 10-15% of senior executives’ compensation could be in the form of Esops. The telco currently has over 30,000 permanent employees in India.

“In India, and indeed globally, telecom majors offer Esops to senior ranks. This move will help Jio retain employees for a longer period,” a telecom analyst told the publication.

Bharti Airtel, Idea Cellular and Vodafone India already have employee stock option plans (Esops) that are usually given once a year and can range between 10% and 200% of an employee’s salary. Esops are over and above the compensation, and act as a talent retention tool, the report said.

Also read: Reliance Jio Download Speeds Improved Drastically with Average Speed of 9Mbps, Shows TRAI Speed Test Report

“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,” head of a compensation consulting company told the publication.

Jio is reported to have already added over 65 million customers. It is currently offering free services which will be valid till March 31, 2017.

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49 Comments on "Reliance Jio’s new strategy to curb top level attrition: Esops"

 

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Arif (Kolkata)
January 13, 2017 2:28 pm 2:28 PM

Explain this shit jio rf engineers,
Definitely the speed has increased butt this kind of optimisation just not acceptable.

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Biswadeep,Kolkata
January 13, 2017 5:40 pm 5:40 PM

Bunch of half skilled engineers are working in Kolkata for Jio . God knows how they got their Job … Now Re-call what I was saying till date about Jio’s performance in Kolkata

Desh Ka Gabru
January 13, 2017 12:11 am 12:11 AM

Ittne Ko Nikal Diya Hai Hum Jaise Berozgaar Le Lo Yaar 🙂
Kuch To Bhala Kr Hi Dunga 😛

newtott
January 12, 2017 5:57 pm 5:57 PM

offtopic– Aircel -Vashi, navi mumbai gallery not in Vashi near to Railway station..

Kirti Khurana
January 12, 2017 5:00 pm 5:00 PM

Jio is blazing fast..

nil
January 12, 2017 10:25 pm 10:25 PM

are you in okay ?

how Jio is being fast ?

Kirti Khurana
January 13, 2017 12:26 pm 12:26 PM

after Jan 7 when everybody moved to 1Gb limit, Jio is giving good speed, but they still have issue with many apps like FreeCharge paytm bla bla

SPM
January 13, 2017 9:23 pm 9:23 PM

Change APN setting to IPV4 issue ll solved

Nil
January 13, 2017 2:17 pm 2:17 PM

Your good luck.
Mine yet to get improved.

Abhishek
January 12, 2017 4:24 pm 4:24 PM

Yesterday while traveling in bus I reached a place where only Jio 4G and bsnl 2G were present. People living there were very poor and I don’t know to whom they launched 4G there. Speeds were in the range of 48Mbps in band 40 and 9Mbps in band 5.

Arena
January 13, 2017 7:13 am 7:13 AM

If it’s from Airtel, then definitely should think of why and how did that happened..But for Jio I have seen many.. Jio holds very strong in teir 2,3 post free offers .

rohit kumar
January 12, 2017 3:22 pm 3:22 PM

off topic but heard from internal sources that jio internet will be free after 31st march ..they are going to bring a plan in which you have to pay for voice only..
no one knows may be some special stv in order to cope up with TRAI and its rivals ..
a small valued stv which will be used that they have started charging now but internet will be free..

Arena
January 13, 2017 7:19 am 7:19 AM

It will kill others who don’t upgrade and compete. What if Jio offer 149 or 299 or 399 or 499 unlimited calls+ 1gb free per day as now..It will definitely kill who lives on publicity.

Nikhil
January 12, 2017 6:43 pm 6:43 PM

Which Source?

Idea88
January 12, 2017 9:03 pm 9:03 PM

Yea Nikhil they can.. because Airtel went in TDSAT so with small amount of recharge like 40-50 rs Jio can give free net monthly or quarterly as they whatever want it …..So Airtel cant cry again with bla bla

Desh Ka Gabru
January 13, 2017 12:06 am 12:06 AM

Yes They Kept This As Last Option Tab Tak Chalne Do Aur ChorTel Ko Rone Do 😛

nil
January 12, 2017 10:28 pm 10:28 PM

hi
is redmi 3s mic issue resolved ?

Jio lover
January 13, 2017 8:13 am 8:13 AM

I hav neva faced mic issue in my redmi 3s

Biswadeep,Delhi
January 12, 2017 2:46 pm 2:46 PM

I am ready to convert from Vodafone to Jio if condition stays like this even after 31st march (:

Screenshot_20161224-154550.png
Arena
January 13, 2017 7:21 am 7:21 AM

After march means post free, it’s empty and speeds increase even more

Aakash
January 12, 2017 7:12 pm 7:12 PM

Which phone r u using

abhi
January 12, 2017 1:46 pm 1:46 PM

Can anyone tell what is the range of tower on 2300mhz,because open signal shows it as 3.4 km away.

Biswadeep,Kolkata
January 12, 2017 2:03 pm 2:03 PM

Those Opensignal things are not accurate in India … 2300MHz coverage can be as wider as 1KM with proper amplifiers in open Lands with no obstruction… While in cities it can give 500-600meter good coverage if optimised properly … Jio provides 200-300 meters good coverage with 2.3GHz

abhi
January 12, 2017 3:07 pm 3:07 PM

Thanks.
What’s the range at 850mhz?

Kirti Khurana
January 12, 2017 4:57 pm 4:57 PM

Upto 8-10 km in open areas.

Biswadeep,Kolkata
January 12, 2017 12:36 pm 12:36 PM
People having Jio towers within 50-60 meters within their house get good speed 24x7x365 .. what’s new in it … Even same goes for Airtel Vodafone … But if a network has good optimisation then it will be capable to deliver atleast a decent coverage even a distance of 400-500meters from the site atleast in 1.8GHz and sub GHz bands … Jio is a big ZERO in this section … Their policy is install a new tower at every 400 meters…. But the reality is Jio can’t install as many number of site as they want due to various constraints… Read more »
Biswadeep,Delhi
January 12, 2017 2:44 pm 2:44 PM

Got this speed during my recent visit to kolkata

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Biswadeep,Kolkata
January 12, 2017 3:18 pm 3:18 PM

Did I say you won’t get 40 Mbps … ? You will get 40, 50 Mbps or even more when you are close to their sites … Band 40 was never congested in Kolkata …Even in welcome offer time people used to get more than 20 Mbps … Qyunki yaha logon ko band 40 milta hi nahi unless and until you are withing 100m of the tower ……Me & My friends thoroughly checked all over Kolkata Circle ……

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