BharatPe Gives 20% Raise To Employees In Tough Time; Also Opens Up Hiring

At a time, when you see layoffs, cutting expenses and saving money for future, BharatPe is talking appraisals with its employees and even giving pay raises. Ashneer Grover, CEO and cofounder of BharatPe, told Business Insider that forgoing salaries and pay cuts for senior team management seems like a “good PR”, but on a personal level, Grover does not believe in that. He termed the voluntary salary deductions in many other startups as new “fashion”. Employees at BharatPe received a 20% hike on average, It has also planned to hire new employees and double down on its merchant network once the lockdown is over.

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