**Flipkart Announces Salary Increments and Major Hiring Plans**
**Meta Description:** Flipkart reveals 8-15% salary increments and plans to hire 5,000 employees as it expands its quick-commerce service, Flipkart Minutes.
**URL Slug:** flipkart-salary-increments-hiring-plans-2024
**Headline:** Flipkart to Implement Salary Increases and Hire 5,000 Employees in 2024
In a significant move, Flipkart Internet Pvt. Ltd, the prominent online marketplace, is set to offer salary increments ranging from 8% to 15% this year. This decision comes as the company prepares to recruit up to 5,000 new employees across various business segments, including its recently launched quick-commerce service, Flipkart Minutes.
Last year, the Walmart-backed e-commerce giant opted for merit-based payouts distributed in April and October, rather than traditional annual salary increments. This approach resulted in several senior employees not receiving pay raises for two consecutive years as Flipkart focused on cost-cutting and enhancing operational efficiency. However, this year marks a shift as the Bengaluru-based company embarks on an expansion strategy, particularly in the competitive quick-commerce sector, where it aims to catch up with established rivals like Blinkit and Zepto.
According to Aon’s Annual Salary Increase and Turnover Survey for 2024-25, the projected salary increase for India’s e-commerce industry is 9.3%, a slight rise from the previous year’s average of 9.1%. Notably, the highest salary increment in the past 7-8 years occurred in 2022, with an average increase of 10.6%. Seema Nair, Chief Human Resources Officer at Flipkart, emphasized the meritocratic basis for this year’s salary increments, stating, “For those who have been rated in the top two performance categories or received promotions, the ratings have been even more favorable.”
In addition to salary increases, Flipkart has promoted approximately 20% of its workforce, maintaining the same rate as last year. Nair also mentioned that the allocation of stock options has been expanded to a larger pool of employees this year.
Despite these positive developments, the overall outlook for salary increments across various industries is less optimistic compared to 2024, as companies face challenges from slowing corporate earnings and sluggish economic growth. This has led to tighter budgets and a more cautious approach to compensation. Kartik Narayan, CEO of Teamlease Staffing, noted that talent retention has become critical, with many companies offering significant salary hikes to retain key personnel in tech and market-facing roles.
Looking ahead, Flipkart plans to hire 5,000 employees in 2025-26 across various categories, including central and regional roles in supply chain management, technology positions in product, design, and engineering, as well as roles focused on artificial intelligence. A significant portion of this hiring will be concentrated in Flipkart’s quick-commerce operation, Minutes, with an emphasis on hyperlocal commerce and fashion roles.
In conclusion, Flipkart’s strategic focus on salary increments and substantial hiring reflects its commitment to growth and competitiveness in the rapidly evolving e-commerce landscape.
**FAQ:**
**What is Flipkart’s plan for salary increments in 2024?**
Flipkart plans to implement salary increments of 8-15% this year while also hiring 5,000 employees across various business segments, including its quick-commerce service.