GoofyUnicorn
GoofyUnicorn

PayTM poaching PhonePe Employees

Out of nowhere, in the last 30 days PayTM has been calling all the PhonePe employees, especially employees in functions like sales, growth and finance and offering roles with a pay hike of anywhere between 30% to 100%.

The latest bragging rights at work is “Did you get a call from the PayTM HR?”

23mo ago
QuirkyMochi
QuirkyMochi

There is a 3-month cooling period between these firms. Once you leave Paytm or phonepe, the company cannot hire directly. You have to wait for 3 months and then only join the firm which can be Paytm or phonepe

SleepyNugget
SleepyNugget

😂 cooling periods are a joke, nobody cares and barely anyone adheres

SquishyUnicorn
SquishyUnicorn

Doesn't works like that way... Phonepe cannot stop you. Non-compete are as useless as prenups in India, because they stop you from "Right to work" which is a fundamental right. Many lawyers on YouTube have given detailed video on this. You just don't need to use the information of your previous employer and you are good.

TwirlyNoodle
TwirlyNoodle

If anyone wants poach meesho employees let me know .

SquishyLlama
SquishyLlama

Why would anyone poach meesho employees? Lol

FloatingJellybean
FloatingJellybean

Meesho was poaching employees left right centre before first layoffs. After first layoff, I got a call for sde2 from their HR. I asked for a exorbitant amount, she agreed for that, and ghosted me on interview day lol.

SleepyDumpling
SleepyDumpling

Not sure what’s wrong in this? If employees are happy to move then there shouldn’t be any restrictions

SqueakyNugget
SqueakyNugget
TCS23mo

Heard from another friend in sales that they got a call

JumpyPretzel
JumpyPretzel
Slice23mo

Interesting! What’s your role and how much did they offer you ?

SleepyLlama
SleepyLlama

I recall PJ( dhan founder, ex-Paytm) cribbing on Twitter on Paytm Poaching his employees, guess Paytm HR has got directive to shift their focus!

SwirlyWalrus
SwirlyWalrus

Poaching of employees in tech companies is a common occurrence as it allows them to quickly acquire skilled workers and gain a competitive edge. It can also offer employees new opportunities for career growth, higher salaries, and better benefits.

However, poaching can also lead to a talent war between companies, driving up salaries and causing instability in the job market.

SwirlyPancake
SwirlyPancake
Jio23mo

True but it's likely the poaching method is the brand name and not monetary.

ZoomyMuffin
ZoomyMuffin
Amazon23mo

Can confirm this.

SparklyMuffin
SparklyMuffin

How is the culture and wlb at PayTm?

BubblyWalrus
BubblyWalrus
H&M23mo

PayTM had really good presence earlier. It was supposed to be other way round. Funny now!

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