This Indian unicorn allows permanent work from anywhere for most employees

However, employees who are in “partner-facing roles” are required to work from the office a few days a week from their native locations.

Swiggy Said that the decision to allow work from anywhere on a permanent basis was “based on the needs of the team and feedback from several managers and employees who have encouraged them to work from home over the past two years for the flexibility and increased productivity of working from home.” given over the years”.

“Our focus was to enable employees with greater flexibility in their work lives within the framework of their job. We listened to the pulse of employees, managers and leaders, as well as global and local talent trends.” Swiggy Human Resources Head Girish Menon said.

Last month, the food-delivery platform launched a $23 million ESOP liquidity program.

“As part of the schematic ESOP Liquidity Program In 2022, Swiggy employees will have the option to receive liquidity of up to $23 million against their ESOPs,” Unicorn said in a statement on June 30.

Swiggy has announced the next round of ESOP liquidity in July 2023.

In addition, the Bengaluru-based startup also launched a program called ‘Build Your Own Dollar (BYOD)’ wherein Swiggy employees across the company can choose to invest in Swiggy ESOPs. ESOPs were earlier offered to employees based on performance and/or above a certain grade. The BYOD program is now open to all permanent employees of Swiggy.

An employee stock ownership plan (ESOP) is an employee benefit plan that gives employees an ownership interest in a company in the form of shares of stock.

At present, Swiggy has a workforce of about 5,000 across 487 cities in India’s 27 states and four union territories, the company said.

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