Amid the ongoing discussion about undeclared work, Walmart-owned Flipkart has launched a part-work, part-wage policy that gives employees the flexibility to pursue non-professional interests, attend to their medical/emergency needs, and focus on the health and well-being of themselves or their family members.
Speak against business lineKrishna Raghavan, chief people officer of Flipkart, said: “The part work part pay option was introduced as a pilot about a year ago, but went into full effect from October 2022. We are seeing an increasing trend of adoption of this policy among employees. Some of the use cases of this policy seen at Flipkart include employees undergoing training, someone caring for the elderly at home, or women returning from maternity leave who want to work about two days a week.
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Moonlighting is when employees take on a second or more jobs in addition to their one full-time employment. Earlier this year, undeclared work led to hundreds of Wipro employees losing their full-time jobs. Other IT companies such as Infosys and Mindtree have also warned employees about undeclared work and have taken action.
About the policy
Flipkart’s part-work and part-pay policy applies to existing employees who wish to transition to a reduced work schedule (less than 100 percent of full time) for a specified period of time, as well as new employees who wish to join directly with this reduced format, enabling them to maintain their meet personal obligations and responsibilities.
Furthermore, the company has introduced a hybrid working model from March 2022. In this current model, a mix of employees work remotely and from the office on different days of the week, allowing teams to decide which days work best for them. Flipkart also offers employees the flexibility to work from satellite offices (in Whitefield and Koramangla) in Bangalore.
Flipkart’s financials for FY22 showed that nearly one-fourth of operating expenses (₹3,735 crores) were spent on personnel costs. In comparison, Flipkart’s personnel costs in FY21 were ₹3,163 crores. To this, Raghavan said, “Talent has always been our strength. There have been several waves of technology that have come and gone, but our human focus allows us to continuously innovate in the market and be in the position we are now.”
In addition to workers compensation investments, a large portion of Flipkart’s investment goes into talent development. This includes aspects such as upskilling talent at different levels in their careers. The third area where the company spends money is on employee benefits. For example, Flipkart launched unlimited health insurance for its employees during Covid and will continue to maintain that policy as it moves into the future.
Raghavan noted that Flipkart’s Employee Value Proposition is based on the theme of “Together, We Dare to Maximize”. It means coming together as a company to solve big bold challenges. The company strives for a culture where employees have the freedom to experiment. It even has an internal award called Chandrayaan II to confirm this belief.
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“There is a lot that goes into creating an entrepreneurial mindset. Our cultural aspects, such as a license to experiment and fail, chasing big bold goals and bias for action, along with Flipkart’s overall integrity and inclusion, is something I think has led many Flipsters to be intra-preneurs and ex-employees have also led to becoming entrepreneurs and starting unicorn companies,” Raghavan added.
Former Flipkart employees such as Mukesh Bansal, Sujeet Kumar and Sameer Nigam (aka the Flipkart Mafia) among others have gone on to build unicorn companies such as Curefit, Udaan and PhonePe.