Another big bonanza from Reliance Jio

Business | Jan. 10, 2017, 9:56 a.m.

New Delhi: Mukesh Ambani owned Reliance-Jio Infocomm has done great in the telecommunication market. Since its official launch in September, Jio, with its free voice and data offer, has attracted about half a million subscribers a day and is believed to have already added over 65 million customers.

After satisfying consumers, Jio has planned on gifting something to its employees. Company is planning to roll out stock options for its 30,000 employees.

The stock options programme is currently in the planning stage and reportedly could be rolled out later this year. The company, which launched 4G services last September, did not respond to emailed queries on the subject.

According to media reports, Jio will possibly introduce stock options to senior executives and will later think about giving Esops to the employees.

All leading telecom companies like Airtel, Idea and Vodafone have employee stock options in ways of rewarding to them for staying stable in the company.

In October, Jio had handed out 7-15% increments to junior and middle-level employees and 5-10% to seniors — slightly better than industry average of 7-12%.


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