Niyo rolls out salary hikes, bonuses, ESOPs to boost employee morale

In an effort to boost employee morale and support them during Covid-19, Niyo, a fintech company, said it is offering 10-12 per cent salary hikes to employees. It is also offering bonuses and ESOPs (employee stock ownership plans), taking the total stock grants to over Rs 100 crore for all eligible employees. The salary increment and bonuses will be credited to the employees’ accounts by the end of this month.

Niyo is also planning to double the size of its tech and product teams by the end of March 2021. The company said it is starting these initiatives at a