IndiaMART has adopted a weekly pay policy. This policy is a step towards creating a flexible and supportive working environment for its employee.
IndiaMART InterMESH Ltd. is an Indian B2B e-commerce company.
With evolving flexible work culture and the changing motivational needs of the employees, this step will be enriching them with stability, purpose, and growth, IndiaMART said, as per sources.
The consistent flow of money is essential to everyone. Employees receiving their salaries on time is probably more important than the rest of the HR initiatives altogether.
The move is mainly taken as of the advent of the pandemic. For millennials workers, who in many instances, live on their own away from home, financially struggling with their monthly payments. Lack of flexibility in their payrolls is troubling them in some ways. Employees require financial freedom and flexibility, work-life balance more than ever.
Weekly Salary is a big decision in promoting employee wellness. Weekly pay policies are already adopted in countries like- US New Zealand, Australia, Hong Kong. They had benefited and proven over many years.
IndiaMart says it has taken the initiative to disburse the salaries on a weekly basis rather than monthly taking into account the benefits to the employees, their preferences as well as the changing dynamics of the global economy.
COO of IndiaMart Dinesh Gulati, said- “Amidst the rapidly evolving flexi work culture, instant gratification is what every employee expects. We believe weekly payouts will be appreciated by one and all across the organization. We had started taking steps in this direction many years back when we migrated to weekly incentive payouts for many roles across the organizations,” as per sources reported.
