Retention Boosters: Salary, Training, AI & Analytics

Fintech companies are undertaking a wide variety of practices to retain talent:

- Ravi

Retaining top talent is a key to success in the fast-paced fintech world. By combining attractive financial rewards with cutting-edge training programs and supportive work environments, they’re not just attracting talent but also keeping it. Further, they are leveraging AI-driven insights and robust career development strategies to turn workplaces into hubs of innovation and satisfaction and are setting new standards in employee retention.

WINNING RETENTION FORMULA

Rupee112 offers instant personal loans upto `1 lakh. It focused on comprehensive engagement strategies to enhance employee retention. From the financial angle, the company has introduced salary hikes, performance bonuses, and incentives options. Founder Vikkas Goyal adds: “On the non-financial angle, we have created a supportive work environment with initiatives like flexible work arrangements, wellness programs, and career development opportunities. These measures ensure that employees feel valued and motivated, contributing to higher retention rates.”

Fibe too offers instant personal loans. To improve retention, the fintech has implemented several enhancements in both financial and non-financial engagements with its employees to create a more supportive, rewarding, and engaging work environment. The company’s financial engagements include competitive compensation packages with regular salary reviews and adjustments to keep up with market trends and reward high performers appropriately. Fibe also offer performancebased variable pay and incentives to align individual performance with company goals, fostering a culture of achievement and excellence. Additionally, stock options provided by the company and profit sharing not only boost financial rewards but also create a sense of ownership and long-term commitment to the organization.