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Niyo fo salary hikes, bonuses, ESOPs to employees

In an effort to boost employee morale and support them during the pandemic, fintech company Niyo is offering 10-12% salary hikes, bonuses and ESOPs, taking the total stock grants to over Rs 100 crore for all eligible employees to media reports.

The salary increment and bonuses will be credited to the employees accounts by the end of this month. Niyo is also doubling the size of its technology and product teams by the end of March 2021.

"Rewarding our employees for their patience and hard work is our humble way of supporting them in these challenging times and showing them that we care. We strongly believe that if employees have a feeling of ownership, they can make a significant contribution to our vision of providing great customer value and experience. While the last four months have been difficult for us, all our teams have been putting in their best efforts to contribute to Niyos continued success and realising its long-term vision, said Niyo co-founder and CTO Virender Bisht.