Kunal Bahl, CEO, and Co-founder of Snapdeal, recently has given an assurance of job safety and promotions to all of his employees. He ensured these through an email which states that the well-being of his employees continues to be the top priority for their founders.
Mentioning about their increments he said: “Increments this time will be higher than the last year’s raises.” More briefly, he also confirmed in the email that the investors of the company are driving the decision on the way forward, indicating that the founders of the company had little control over immediate developments at the company.”
Moreover, Snapdeal did not make any official statement that the company was in talks for a sale. Kunal Bahl wrote in the email to his employees stating:
“There has been a lot of media reporting and speculation around Snapdeal recently. While our investors are driving the discussions around the way forward, I am reaching out to let you know that the well-being of the entire team is mine and Rohit’s top and only priority. We will do all that we can, and more, in working with our investors to ensure that there is no disruption in employment and that there are positive professional as well as financial outcomes for the team as the way forward becomes clear.”
The employees were also promised that their annual salary hike is on schedule and they will be revising their salaries and promotions in the coming two weeks.
However, this email had put their employees in a deep confusion because on the one side the founder’s promise for a salary hike and increments but on the other side, they indirectly conveyed a message that everything is under the investor’s control.
Well, seems like time will be the deciding factor.