CSPL - Internal Job Posting

● Enforcement Date: June 2024

● Version: 4

Purpose:
Cars24 is dedicated to assisting employees to achieve their professional goals through internal promotions and
cross-business opportunities, in a fair & transparent manner. The Internal Job Posting process is one of them. This
process enables the employees of Cars24 to apply for any open job(s) across different functions and verticals of the
organization.

Scope and Applicability:

● This policy applies to all full-time employees of Cars24.
● This policy is owned by the Human Resource Department and is reachable at [email protected] .
● The revised policy will be in effect from the “Enforcement Date” and is subject to renewal by HR as and when
required.

Eligibility:
To be considered for an open position, you must:

● Have been with the organization and in the current role for at least 9 months or more.
● Should have received a rating no lower than “SEE (sometimes meet expectations” on your most recent
performance review and must not currently be on a performance improvement plan (PIP). In case no rating is
received, the current manager’s feedback will be considered.
● Meet the minimum requirements for the job and be able to perform the essential functions of the position,
with or without reasonable accommodation.
● If you have availed an IJP before, you should have been in that role for at least 1 year.
● If you were selected for an IJP but have refused an IJP movement in the past 3 months, you will not be eligible
for another IJP within 3 months from the date of your last IJP application.
● If you have not been shortlisted for a role under IJP, you will not be eligible to apply for the same role in the
next 3 months irrespective of the location. However, employee can apply for other roles
● You can apply for the same band & grade and not for a band & grade above, only lateral movements are
allowed.

Cars24 Services Private Limited

Registered Office: 10th Floor, Tower- B, Unitech Cyber Park, Sector-39, Gurugram-122001, Haryana, India
Corporate Office: 4th Floor, Plot no. 65, Sector-44, Gurugram- 122003, Haryana, India
www.cars24.com | CIN: U74999HR2015FTC056386 | Helpline: 1800 258 5656 | email: [email protected]
Applicants from different locations:
● Internal applicants may come from different company locations. In cases when an internal applicant lives in a
different city, the relocation policy will apply. Please refer to the separate policy on relocation

Application Process:
1. To apply properly, employees should follow the instructions mentioned in the job posting.
2. Post receiving the mail, The hiring manager will connect with the employee and conduct an interview.
Selection Process:
● After the interview process, if the hiring manager is not inclined to hire, he/she will inform the candidate through an
email.
● In case of selection, an email communication to share with the employee keeping L1 manager in loop, the transition
period of the employee from the previous role to the new one will be decided by the current manager with the new
hiring manager and could range from 30 to 45 days. The transition period cannot exceed 45 days.
● If there is any change in the compensation, a new annexure to be shared with the employee.
● The Current L1 manager initiates the transfer on the portal followed by acceptance by the new manager. HRBP to
facilitate the transfer.
● In case of internal movement the employee is not eligible for any increment on the fixed salary apart from the
relocation cases.
● Band and grade will not be subject to change, any change would be applicable from next appraisal cycle
● If in any case, the movement is to a band or grade above, there has to be exceptional approval from the promotion
council. (promotion council is a group of identified B5 and B6 leaders plus HR team representatives)
● The employee may be required to undergo formal training provided by the Training team or by respective L1 /
Department SPOC in case of a change in department (Role / Dept to fall under the training team purview)

Movement from incentive roles to non-incentive roles

● There will be no change in the fixed component of salary (CTC). Variable components will increase by the amount
equivalent to the Incentive earned in the previous role.
● The incentive amount, for this purpose, is to be estimated on the basis of the at least last 12 months' median monthly
incentives. In case if his tenure is less than 12 months in his old role, then we can take the median of his tenure of
monthly incentive.
● Variable component in new role = Median monthly incentives * 12
● The resultant variable amount will be prorated as per tenure in the new role and adjusted for performance rating at
the time of appraisal, as per company policy.
● The payout cycle for variable payout would be annual
● Additionally, the salary should be in the salary range bucket defined for the role at the new location.
● Salary in new role = Minimum of (Old role salary + median monthly incentive amount *12, Max CTC of the role in the
new location)
● In the case of the old role the salary & incentives amount is higher than Max CTC defined for the new role, the
variable component to be adjusted to meet the Max CTC criteria.
● The person would be eligible for annual appraisal as per the company policy. The increment in salary (both fixed &
variable) will be decided basis of the overall performance rating in both the roles during the March-April cycle
● Upper cap of variable (in CTC) - Max 25% of fixed
● In case of movement from non-incentive to incentive roles, the fixed salary of a person will be adjusted to

Cars24 Services Private Limited

Registered Office: 10th Floor, Tower- B, Unitech Cyber Park, Sector-39, Gurugram-122001, Haryana, India
Corporate Office: 4th Floor, Plot no. 65, Sector-44, Gurugram- 122003, Haryana, India
www.cars24.com | CIN: U74999HR2015FTC056386 | Helpline: 1800 258 5656 | email: [email protected]
 accommodate incentive payouts and to keep overall CTC same.
● The incentive amount, for this purpose, is to the median incentives earned in the new role in the last 3 month
● The Proposal is to adjust the fixed salary by median incentives earned in the new role
● Additionally, the salary should be in the salary range bucket defined for the role at the new location.
● Salary in new role = Minimum of (Fixed component in New role, Max CTC of the role in the new location)

Movement from one location to another

● Changes (Increase/ decrease) in the salary will be as follows:

○ For e.g. there will be an increase in CTC by 5% in case the person moves from category A/B cities to A+ while
there will be a similar decrease in case of movement from A+ cities to A/B cities

From/To A+ A B C
A+ 0% -5% -5% -5%
A 5% 0% -5% -5%
B 5% 5% 0% -5%
C 5% 5% 5% 0%

(refer relocation policy for details of categorization of cities)

● Internal transfer cases (movement due to business requirement) will be excluded from such changes in salary)

Annexure (List of city category wise)

City Categorization

A+ A B C

Delhi Chennai Jamshedpur Rohtak Trichy

Mumbai Kolkata Zirakpur Dehradun Tirunelveli

Hyderabad Chandigarh Gwalior Ajmer Kolhapur

Cars24 Services Private Limited

Registered Office: 10th Floor, Tower- B, Unitech Cyber Park, Sector-39, Gurugram-122001, Haryana, India
Corporate Office: 4th Floor, Plot no. 65, Sector-44, Gurugram- 122003, Haryana, India
www.cars24.com | CIN: U74999HR2015FTC056386 | Helpline: 1800 258 5656 | email: [email protected]
Bangalore Lucknow Ahmedabad Hisar Jabalpur

Noida Pune Madurai Guwahati Kozhikode

Gurgaon Jaipur Mangalore Belgaum

Ghaziabad Kochi Bhubaneshwar Hubli

Faridabad Nashik Raipur Dhanbad

Amritsar Bhillai Panipat

Jalandhar Dibrugarh Hisar

Visakhapatnam Haridwar Rohtak

Bhopal Nellore Muzaffarpur

Coimbatore Guntur Trivandrum

Mysore Aligarh Kollam

Patna Bareilly Malappuram

Vijayawada Allahabad Sonipat

Agra Salem Thrissur

Indore Meerut Kottayam

Aurangabad Purnia Ludhiana

Vadodara Guntur Jodhpur

Kanpur Bilaspur Ranchi

Cars24 Services Private Limited

Registered Office: 10th Floor, Tower- B, Unitech Cyber Park, Sector-39, Gurugram-122001, Haryana, India
Corporate Office: 4th Floor, Plot no. 65, Sector-44, Gurugram- 122003, Haryana, India
www.cars24.com | CIN: U74999HR2015FTC056386 | Helpline: 1800 258 5656 | email: [email protected]
 Surat Rajkot Mohali

Varanasi Durgapur Kota

Nagpur Siliguri Udaipur

Special Circumstances and Exceptions

Any Deviation from this policy must be approved by Management. Any changes to the policy must be approved by HR.

Non-compliance and Consequence

Violation of this policy is subject to disciplinary action, up to and including termination.

**Apart from above listed causes, any exception(s) to be taken care post CXO level / HR Head as per the merit of the case.

Cars24 Services Private Limited

Registered Office: 10th Floor, Tower- B, Unitech Cyber Park, Sector-39, Gurugram-122001, Haryana, India
Corporate Office: 4th Floor, Plot no. 65, Sector-44, Gurugram- 122003, Haryana, India
www.cars24.com | CIN: U74999HR2015FTC056386 | Helpline: 1800 258 5656 | email: [email protected]
 Edits and Version History:

Enforcement
Version Proposed By Reviewed by Approved By
Date
Head HR
2 25-May-22 Transformation – Manoj - CHRO – Mrinal Sinha
Kharkwal
Jyoti Chopra- AD HR
3 01-Sep-23 - Pooja Dudani - AVP HR Core
Core
Head HR
4 01-May-24 Transformation – Manoj - Nitin Khera - HR Head
Kharkwal

Rahul Sharma - Sr. Kamal Avutapalli - Amit Singh - Associate Director

5 19-Jun-24
Manager - HR Ops Legal Head - HR Strategy & Projects

Cars24 Services Private Limited

Registered Office: 10th Floor, Tower- B, Unitech Cyber Park, Sector-39, Gurugram-122001, Haryana, India
Corporate Office: 4th Floor, Plot no. 65, Sector-44, Gurugram- 122003, Haryana, India
www.cars24.com | CIN: U74999HR2015FTC056386 | Helpline: 1800 258 5656 | email: [email protected]