Corporate Simping is an all new Simp Level unlocked.

Sales Manager

Founder

0 hikes for normal employees but execs still getting their big bonuses. Employees become poorer due to inflation but the top management keeps getting richer. Life goes on.

Do you plan to not become an exec one day?

Product Owner

Even if I do, does that mean I shouldn't call out their despicable deeds and become complicit? I don't think so. 
  
 To answer your question - I don't know for sure but I don't think I want to.

Software Developer

Wtf. I read this post and thought he was a senior leader or something. Turns out he is a recent tier 3 MBA passout. Lol. 
 His colleagues should be planning a kambal pitai for him

Business Development Manager

Chu+! ya aadha MBA Kiya hai aur Gyan pel Raha hai badi badi  When did Accenture strategy started campus hiring from GLIM aadha MBA program?

Paisa bhi aadha hi dete honge... vo bhi chatne ka

Software Engineer

Business Analyst

Super cringe!  
 Doing this makes no sense unless you are a partner/have profit sharing in the business.

Digital Marketing Manager

Does anyone care to elaborate on why only India and Sri lanka are? Why not the whole world?  
 Do they want to reduce the headcount in india without spending a dime (Severance pay)?

Is the no hike rule applicable for Accenture strategy as well ? I doubt it 🧐

Corporate Strategist

He just generalized no hikes cause competitors are also not offering hikes. Fcuk yuh!

Welcome to Office Gossip's Private Community

I guess this guy got a personal call from Julie Sweet explaining the reason behind 0 hikes this year.

I guess this guy got a personal call from Julie Sweet explaining the reason behind 0 hikes this year.- Grapevine

Welcome to Indian Startups's Private Community

Almost 50% of the org got no increments
People with "exceeds" rating got single digit increments
Only promotion cases have got early to mid double digit increments
Promotions have been significantly fewer this time, max people have been told to hold off their expectations of promotions for another year

The reasons cited were economic slowdown, other companies like Microsoft, Flipkart, swiggy, Amazon doing the same and cost cutting. I think things are getting toxic and the majority of employees have been left disappointed.

Razorpay increments - sad state

hooked up with someone from my previous job, now she is my girlfriend and we are going strong 5 years.

what is your best mistake in office?

I drank too much at an office party, and told my coworker that I was disappointed at my salary growth and title. She cleverly told it to my boss who got worried about me leaving. Guess who ended up with a promo.

Growth Manager

I'm working at payU payment from 2 years and from last two years they are giving the increments in single digit, is the market is bad ? Last year I got 4% increment I was informed by my manager that company is not doing good same has happened this year again I got only 4% incriment. In my team I have seen people are getting 8-10% also and in other team few have got 12% also, however I feel even 12% is the highest still it seems too low. is this is happening everywhere or it's just payU?

How do the increments happen this year?

Welcome to Software Engineers's Private Community

No hikes for employees

I am expecting the hike this year to be muted between 5-10% 😕🤫
Last year was worse than this though 🙃🥲

What hike did you get this year ?

Consultant

Folks, I wanted to make a prediction that most of us pretty much know already 

2023 our salaries haven’t grown at all. Across my group of friends at work and college, the average amount of increment I heard is close to 5%

2023 is a year of virtually no salary increments

Only for landlords, it has been an year of insane increments 🥲

Welcome to News Discussion's Private Community

InMobi announced 0% hike? Damn! 

Is this true?

InMobi

Business Operations

This is my first job and here my manager has scheduled a one on one meeting for Annual Appraisal. I want to know what I should expect in this meeting. Thanks!

Need tips for Appraisal One On One?

Data Analyst

Welcome to IT Company Discussion's Private Community

I feel there's  need of employee union to raise our voice against these mfs capitalist companies. Europe atleast have minimum wage and minimum working hours fixed. Here we have to fight for bare minimum wage increment also. Laut aao Karl Marx 😭✊🏻
Hint: PCS ne 1.2% increment diya 🥲 and they did decrement in double digits for some employees 🤬

Employee Union 🤔

DevOps Engineer

Well well..Look who is going with a fat pay check home amid layoffs

Warning bells of economic uncertainty, by sridhar vembu.

Yeah.. mid yeat bonus time.. so obviously the economy has slowed down. I thibk it will pick up after oct. Next slow down will come around april next year. This is cyclical.  
 Any time now a ceo/md will come and say we need to work twice as hard inorder to survive this , " perform or perish".. etc. 
 Since y2k, the end of world has become a cliche.

I worked in an Indian startup closely with CXO for last few years. 

They are pathetic in any way possible. Tech is limited to crud, that too doesn't work. The pay amongst their inner circle is in no way justifiable. For reference, I know people getting US pay remotely and that too doesn't come close to some of them.

They hired a guy from a service based company with completely different tech stack and no product experience for 60lpa+ (I know this number because he drunk boasted about this once) as VP just because he was acquaintance. Now, this guy lacked basic human decency and tech skills. He didn't know things as basic as how to use git cli or how to talk to people. Every non-tech person that ever had to work with him called it quit. Even 4-5 year old employees (juniors being exploited mostly) that were there from inspection. He would ruthlessly "harass" them for his own shortcomings.

The head of sales gets paid more than what their profit after margin is.

They just keep on raising based on their IIT/IIM creds and connections and there's no business or problem that they are solving. Even the contracts they seem to winning is rather by pulling the strings, because the product or tech doesn't solve or do anything. Yet they're able to raise more again and again.

It kinda kills me and fills me with so much rage that there are so many of them similar ones out there. I could go on and on about all the things that I had to see working here for years.

My pathetic experience working for years closely with CXO in a startup

Layoffs started in April which are still continuing. CEO says in all hands that reason for many people leaving Yubi is not because of cost cutting, also says they are going ahead with hikes & bonuses.  On last day of June payout when hikes/bonuses were expected HR announces that hike/bonuses will come in July payout. Diplomatically they just told that some people will get 0 hikes/bonuses. They want project to Go-live in 2 months but can't complete hike/bonus process in 2 months ?

Very high chance that they will give zero hikes/bonus to all employees this year.  HR recently started this shoot out thing where names of good performing employees is called out. What for ? Are they giving any benefits to employees? Vacation leaves are reduced. CEO lies openly.

 They just  seem to be making fool of employees.

Yubi fooling employees ?

What’s the minimum hike expected for this fiscal year across Big 4s as there economic slowdown across globe?

Minimum Hike….

Senior Consultant

Got an offer from them 6 months ago . Didn't join as their business didn't look sound . They said to me that they are building a UPI app I was like phonpe & paytm are already there na ! 
I expected some layoffs from slice as they were giving pretty high packages and a lot of over hiring.
But surprisingly I didn't hear anything like that even though many start-ups which have stronger business models than slice are laying off.

What's up with SLICE ???

Last week there was a townhall meeting in my office . In that the CEO announced that company revenue jumped 2X and sets the expectations for the current year The hike will be low compared to the last year as the global situation is not doing well. Beauty is he throws out a promise that if company revenue grows 4x from this year then every one in the company will get an additional 10% hike on next year appraisal .


I joined this company recently. I don't know what they are up to in future . Is it a good deal???

Hike!! a confusing tale !!

Hearing no hikes in Oracle for this appraisal cycle. Are everyone else facing the same?

Oracle Hikes

Analyst

What's the average annual hike at your org ? I know it depends on performance and all, but still there's gotta be range. Asking from a dev standpoint, but would like to know others as well. At my company, it's around 10-15 %(mid size company, not a startup).

Average Annual hike

Welcome to Personal Finance's Private Community

For the first time in these many years, i have got a hike of only 7%, the reason stated is on going concerns in US market. But it is very difficult to digest the same as 2 years prior i got a hike of 26% and now only 7%. I feel being broke as giving an organisation your 5 years of handwork, 7% is nothing. Has anyone else faced this in 2023 ?

I guess this guy got a personal call from Julie Sweet explaining the reason behind 0 hikes this year.

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