Wouldn’t it be amazing if every one of us had to work only for 3 days a week and get some time to grow our dream or passion? What do you think?
A Bengaluru-based fintech startup slice has introduced a sensational alternative to expanding talent: a three-day workweek. The proposition is achieved to gather more talented individuals in Indian organizations.
Slice will be hiring employees for the designation of full-time engineer, product managers. Also targeting to hire designers who will work on the major projects which include decentralized products, stocks and investment, and BNPL.
The employees will be offered a salary at 80% of the going market rate and in a flexible manner can select tier workplace. Indeed, even with working hours restricted to 20 - 25 hours. There will be no cut in the advantages offered to employees by the company.
Isn’t It Strange!
With the current workforce of 450 employees, the company hopes to bring in at least 100 people in the next year and add about 1000 team members over the next 5 years.
The Company is outfitting to dispatch some innovative turns of events and make monetary administrations much more fun and intuitive for millennials and GenZ.
The company has introduced super cards and has been issuing more than 100,000 new cards each month. This card means to carry direct and effortless installments and the credit industry in India.
Each card can benefit up to two percent moment cashback on each exchange, and appreciate exceptional proposals across well-known brands, including Myntra and Zomato. The alternative of isolating their month-to-month bill into 90 days without interest at no additional expense is likewise accessible.
What Is the Reason behind This Approach?
The founder and CEO of the Slice, Mr. Rajan Bajaj, acknowledged the presence of a huge gathering of driven and serious individuals who are hoping to chip away at projects which interest them, yet think that it is hard to offset it with their standard work.
He mentioned that the company is targeting to give the team flexibility and free space to innovate. The adaptation of the agile approach for work will aim to eliminate anything that does not add value while avoiding unnecessary bureaucratic reporting.
From this program, the employees who are working on their projects will get an efficient amount of time in the week to focus. It will give them stability through regular income and get time to build something of their own.
The Goal of the Program
The goal of the program is to give more extensive openness to various advances, yet additionally, allow individuals an opportunity to widen their work portfolios. "We make them interest projects ready to go for whoever is equipped for the situation," uncovers Bajaj.
He also mentioned a three-day-work week will allow us to recruit a particular caliber of talent because it’s a perk that big tech companies like Google and Amazon don’t offer.
While Slice intends to employ more than 1,000 engineers under this venture in the following five years, will employees be glad to acknowledge a cut in return for a three-day week's worth of work?
So here is the question about the satisfaction of an employee where the expert Rajan Bajaj said that there are two explanations for presenting this program.
One is that there are some incredible engineers, designers, and product managers working in enormous organizations who need to chip away at their activities. Time is what this program is giving them. Through that suggestion, some of the best engineers should work with Slice.
Second, We're filling quickly in our present item and have more arranged. Yet, great development in current undertakings once in a while drives new companies to not look upon the long-term planning.
For instance, digital currency is something we should begin to work on. But since of our present development, we can't look into everything. We will set up various groups that are independent, autonomous, and these groups will be working inside themselves.
Is 3 Day Work Week Practical?
There are many practices like 3 days work week scheme introduced earlier by different people, for example, in 1926, Henry Ford adopted a five-day workweek instead of the standard six days to achieve consistency and productivity.
Similarly, Mr. Bajaj and his team have come with an idea of a 3-day work week that will benefit both parties. According to Mr. Bajaj providing a stable job where a talented engineer works for the company as well as having time to work on their project might help a person to be the next Zuckerberg.
Other than the approach introduced by this company, a report has tracked down that a three-day working week means better and more useful representatives. A part-time job provides peace to the mind and one can practice stress-free and happy living.
Written by - Harshdeep Kaur
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