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Old 22nd October 2014, 07:05   #16
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Default Re: Surat trader gifts 455 Puntos, 207 flats as 2014 bonus!

Quote:
Originally Posted by W.A.G.7 View Post
Nice idea for an incentive to the employees! Apart from news it made, will the IT department be more interested in this company and it's cash books now?!!
Exactly, where is this cash coming from ? Is it white or black ?
Nonetheless fantastic gesture by the SETH.
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Old 22nd October 2014, 15:57   #17
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Default Re: Surat trader gifts 455 Puntos, 207 flats as 2014 bonus!

Well first of all good incentive scheme and it generated lots of free advertising for them , However lots of companies give incentives /variable pay to the tune of 25 - 30%. In fact for the market linked target oriented jobs this is the norm
as some portion of salary is linked to performance.

If you show this as CTC and give in cash it generates no hype and media coverage also employees take it as granted and pay no special attention beyond couple of months but always cash benefits are more beneficial to employees as they have flexibility to choose versus someone else imposing choice on them.

However surprisingly most people I have talked to don't realize this and keep on clamouring for gifts.
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Old 22nd October 2014, 16:05   #18
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Default Re: Surat trader gifts 455 Puntos, 207 flats as 2014 bonus!

A truly rags to riches story of Savji Kaka as he is dearly called in the diamond world.

The guy did not have even a penny in his pocket when he came to Surat, and look at him today.

Average salary of an employee is 1 lakh INR, that's quite a good amount for the workers. And the company has quite a huge workforce.

-Bhargav
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Old 22nd October 2014, 16:33   #19
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Default Re: Surat trader gifts 455 Puntos, 207 flats as 2014 bonus!

God bless this company, and it's HR dept.

Way back in 1996 at Sahara Head office in Aliganj-Lucknow, parking use to full with new bikes and car to be distributed among employees.

Hope Company truly is great place to be.
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Old 22nd October 2014, 16:49   #20
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Default Re: Surat trader gifts 455 Puntos, 207 flats as 2014 bonus!

Something is surprising.

It is mentioned that the cars were given to people who did not have a four wheeler. So that means 491 people out of the 600 did not have cars even though the average monthly salary is over 1L.
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Old 27th October 2016, 20:10   #21
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Default Re: Surat trader gifts 455 Puntos, 207 flats as 2014 bonus!

Mr. Dholakia is back and how!

Hare Krishna Exports (Surat) promises 1260 cars to employees as part of Diwali bonus package. Somebody open up the Guinness World Records

No information on make or model of cars. I hope they are Fiat again, he can single-handedly influence yearly sales..
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Old 31st January 2017, 22:12   #22
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Default Re: Surat trader gifts 455 Puntos, 207 flats as 2014 bonus!

There's some news doing rounds on Whatsapp that Savjibhai has gifted 1200 odd Datsun Redi-Go cars to the employees.

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Could only find 2 Hindi news links on it so far:

Link 1

Link 2

Would be interesting to see January 2017's sales figures.

Last edited by Gannu_1 : 31st January 2017 at 22:14.
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