Online higher education company upGrad has announced the grant of ESOPs to around 600 of its 2500 employees as a reward for the company’s performance in 2020, and in recognition of the hard work and commitment of all who have completed more than a year with upGrad.
“We have seen our workforce adapting to the remote-work mechanism with sheer diligence and have worked harder throughout the year, contributing to our steep business growth & driving career outcomes for our learners. Hence, it is our conscious call to grant ESOPs to our team as gratitude towards their commitment. We believe this will further foster their & their family’s belongingness to our institution and create a shared ownership, in addition to long term wealth creation opportunity with upGrad,” said Mayank Kumar, cofounder & MD, during the company’s quarterly town hall today.
This announcement was accompanied by the introduction of flexible paid time-off/leave policy and a spate of work-friendly policies for its 2500 team members, which will allow the employees to design their own paid-leaves calendar themselves, thus enabling flexible work culture across the board.