Blinkit has extended the notice period for its employees, especially executives. For this, a new condition has been added to the job contract. Employees have been asked to sign the new contract. Now a notice period of 2 months will be applicable. People with knowledge of this issue gave this information to Moneycontrol. Notice period means that if an employee wants to resign from the job, he has to work in the company for 2 months from the date of resignation.
Increasing competition in quick commerce business
Blinkit (Blinkit) has implemented the notice period requirement for senior officers at a time when competition is increasing rapidly in the $5.5 billion food delivery market. Blinkit Competition between Swiggy And Zepto From companies like. These companies also face the challenge of attracting new talent and retaining old employees. A person with knowledge of the matter said that Blinkit, sensing the situation, decided to take precautions in advance.
Companies are offering higher salaries to employees of other companies
He said, “Big companies like Zepto and Flipkart can offer higher salaries to Blinkit’s employees to work for them. Many companies are doing this. Blinkit has taken this step to prevent its employees from going to other companies. have picked up.” Blinkit is owned by Zomato, which is a big company in the food delivery business. According to media reports, it had implemented this policy in July.
Swiggy’s IPO is coming soon
Competition is increasing in the quick food and grocery delivery business. Flipkart launched Flipkart Minutes in Bengaluru. She has now launched it in many cities. Flipkart is owned by American retail company Walmart. On the other hand, Swiggy is going to launch IPO soon. It has received approval from SEBI. Before the IPO, Swiggy has made its stance aggressive. Zomato’s IPO came in 2021. Its shares have been showing good growth for some time now.
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Companies also fear information leaking
Another person with knowledge of the matter said, “In some cases, Blinkit, after knowing that its employee is going to become an employee of a rival company, sends him on garden leave for 2 months or allows him to leave immediately.” So that the sensitive information of the company does not reach the rival company. Blinkit did not respond to a mail sent in this regard.