S’pore Deliveroo Rider May Gets Bonus Up to $18.5k Each Once London Goes Public
The Deliveroo will be having a great news where there will be cash bonuses out once the London-based start up company goes public. Payouts will range between S$370 to S$18,500, depending on the rider’s number of deliveries completed. The initiative will be roll out on the day of Deliveroo’s Initial Public Offering (IPO) and the official date is yet to be confirmed at press time. The sum amounting to approximately S$30 million (£16 million) will be allocated to the company’s Thank You Fund.
Riders who have completed at least 2,000 deliveries and have worked in the company for at least a year will receive a minimum remuneration of S$370. The largest payment starts at a whopping S$18,500, followed by S$1,850 and lastly S$925 — with the highest payment going to riders who completed the largest amount of orders in each market. Channel News Asia (CNA) reports that Deliveroo will also be setting aside S$92 million worth of consumer shares.
