Online education startup Unacademy has extended its remote work policy till January 1, among the first new age companies to announce such a move.
The Bengaluru-based startup, backed by social media giant Facebook and private equity firm General Atlantic, said the move will provide employees with predictability around their jobs and is in keeping with the current Covid-19 situation.
“In these uncertain times, giving as much clarity and certainty to employees is very necessary, because it aids in efficiency and bringing out productivity,” said Tina Balachandran, VP of HR at Unacademy.
Unacademy was among the first few startups to announce a mandatory work-from-home policy for employees in early March. In May, the company said 60% of its 1,000-people workforce would continue working remotely even after the pandemic subsides.
Unacademy has also introduced a special package for staff during this period, covering costs of Covid-19 testing for employees and dependents, offering an allowance for purchase of health kits and taking care of the cost of quarantine facilities in case it is required.
Unacademy will also reimburse employees for setting up home offices, apart from offering employees and their family access to a 24/7 helpline for mental health assistance. “If an employee has to get quarantined or tests positive, their normal leave entitlements will not get affected and for the entire period they will get paid,” added Balachandran.
Unacademy said usage of its online learning platform had spiked since the time the Covid-19 pandemic forced the country into lockdown. Gaurav Munjal, its co-founder and CEO, had said in a tweet earlier that Unacademy’s revenues in April were higher than its combined revenues in 2018, 2019 and the first three months of 2020.
Unacademy. April’20. https://t.co/D07yTTN5lo
— Gaurav Munjal (@gauravmunjal) 1588571362000