Stanza Living announces set-up of Employee Contingency Fund, INR 10 lakhs collected so far

New Delhi: India’s largest shared living company, Stanza Living has set-up a dedicated Employee Contingency Fund which is based on voluntary contribution from employees. Employees of the company across 10+ cities have come forward to pledge a part of their salaries to the fund, with the co-founders pledging 50% contribution to the fund collection. This dedicated fund has been set-up to cover basic medical expenses for any employee in need, in the unfortunate incidence of contraction of COVID19.

Stanza Living also announced a host of employee-centric initiatives that are being undertaken to make the company function agilely through the COVID19 pandemic.

• Stanza’s #CoronaWarriors: Ground operations teams are taking care of residents who are currently staying back at our residences while following health and safety protocols including wearing masks and gloves, stringent practice of social distancing and personal hygiene, calibrated movement of people in food pick-up areas to prevent crowding. Thermal screening measures have also been instituted across residences for the team and the residents’ benefit.

• Stanza Skill Camp: Enhanced training/skilling sessions conducted through webinars to ensure on-ground employees and those working from home, have opportunities to learn beyond their daily jobs. These including sessions ranging from Design Thinking to Yoga.

• Enhanced Sick Leave Benefit: Annual sick leave quota has been relaxed for employees till April, and will be extended based on situation assessment in the next two weeks.

• WFH preparedness: Apart from these, our corporate teams are already doing work from home, for which we had procured external equipment support (laptops, internet support etc) in advance.

Speaking about their initiatives Anindya Dutta, MD and Co-founder, Stanza Living said “Businesses have been going through a tough time with the COVID19 pandemic spreading, and the co-living space has been no different. However, as India’s largest shared living company, and home to migrant youth from across the country, there is even greater onus on us to be sensitive and prepared to react to the changing environment. And a key focus area for preparedness is the safety of our workforce, as they ensure we stay agile and adaptive to external factors, while continuing to deliver a seamless and safe living experience to our residents”

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