Title: Passion doesn’t pay bills,’ says ex-BYJU’S employee on unpaid salary; CEO replies
In the world of entrepreneurship, there’s a common phrase that’s often thrown around: “Follow your passion.” Many successful entrepreneurs, including Byju Raveendran, the CEO of BYJU’S, have built their careers on this philosophy. However, a recent incident has highlighted the harsh reality that passion alone cannot pay the bills. A former BYJU’S employee took to social media to express his frustration and disappointment over not receiving his salary for three months. The incident has sparked a heated debate about the importance of financial stability in the workplace.
The employee, who preferred to remain anonymous, shared a post on social media, tagging Byju Raveendran directly. He wrote, “Passion doesn’t pay our bills… We’ve been left stranded without salaries for 3 months. Our PF remains unpaid.” He added, “Words inspire, but actions matter.” The post quickly went viral, and many people began to share their own stories of financial struggles in the workplace.
Byju Raveendran, the CEO of BYJU’S, responded to the post, saying, “Bills will be paid, comeback will be made, dues will be cleared. Not immediately, but eventually.” While his response may have alleviated some concerns, it also raised many questions about the company’s priorities.
Passion is indeed an essential ingredient for success in any field. It drives individuals to push beyond their limits, innovate, and create something new. However, passion alone is not enough to sustain a career or a business. Financial stability is crucial for employees to feel secure and motivated in their work.
The incident at BYJU’S is just one example of the financial struggles that many employees face in the startup ecosystem. With the rise of the gig economy and the increasing emphasis on entrepreneurship, many employees are expected to be flexible and adaptable. However, this flexibility often comes at the cost of financial security.
In recent years, there have been several reports of employees being left unpaid or facing delayed salaries in the startup industry. This not only affects the employees’ financial well-being but also their mental health and overall quality of life.
The BYJU’S incident highlights the importance of transparency and financial accountability in the workplace. Employees need to feel confident that their salaries will be paid on time, and that their hard work will be recognized and rewarded. When this confidence is shaken, it can lead to a breakdown in morale and productivity.
In response to the incident, many people have called for greater financial transparency in the startup ecosystem. They argue that startups should prioritize financial stability and accountability, ensuring that employees receive their salaries on time and that the company’s financial health is communicated clearly.
Others have pointed out that the incident is a symptom of a larger problem in the startup industry. They argue that the emphasis on growth and profitability often leads to neglect of employee welfare and financial security.
In conclusion, while passion is essential for success, it is not enough to sustain a career or a business. Financial stability is crucial for employees to feel secure and motivated in their work. The incident at BYJU’S highlights the importance of transparency and financial accountability in the workplace. It is essential for startups to prioritize financial stability and accountability, ensuring that employees receive their salaries on time and that the company’s financial health is communicated clearly.
