.jpg)
If the story published on The Financial Express is to be believed, then the Reliance Retail employees have something to cheer about. Reliance Retail Ltd (RRL), the wholly owned subsidiary of the Mukesh Ambani led Reliance Industries limited, is expected to come out with a massive plan of Employee stock options so as to give lucrative offers especially targeted towards retaining the top and important high rung employees in the Retail business of Reliance. The ESOPs or Employee Stock option plans are a part of RRL’s strategy to reward its employees who the company sees as critical to its ambitious retail rollout strategy.
The expected scheme for Reliance Retail ESOPs is estimated to be in the range of something like 300-400 Crore Rs. There are no official comments from the Reliance Retail spokesperson, but it is learnt that the scheme is targeted towards the retaining the employees.
The retail sector in Indian has grown leaps and bounds with hundreds of players, both national and international along with the locals, making an entry into the highly competitive business. Hence, Reliance Retail is trying to keep pace with the tough times given the high attrition rates in the retail sector. According to rough estimates, RRL now has about 8,000 full-time employees and about 15,000 associates. Training them incurs a lot of cost, and off course the company would not like if some trained employee moves out just for the want of some higher salary.
Related: Should you apply for ESOPs of your company? & Reliance Fresh IPO in making
ESOPs or Employee stock option plans are ideal for company to retain the employees, as benefits from ESOPs are fruitful to the employees only in the long run period that may range anywhere from 1 year to few years, depending upon the ESOP plans.
| Let’s see what lies ahead for the Reliance Retail employees and what kind of plans are put in place for them. | Table of Contents |
No comments:
Post a Comment