During appraisal cycle I had asked for a hike in Salary after knowing I’m getting peanuts.
Manager: Have ESOPs we will do buy back in next year and like I have gotten 2-3 ESOPs but no real money hike.
Is this happening with you all? How do you deal this? Is it time to quit the org?
Managers know nothing. Either a Buyback should have happened previously to trust him. Or he's just lowballing you.
Apart from founders nobody else can guarantee
Self explanatory
Managers don't know anything about buybacks. Dilasa Dene ke liye bol rha hai. To do buybacks you need approval from the board of directors. And normally investors are more interested in getting their returns than giving it to junior or mid management
See, betting on ESOP vs hike is always risky. See if your situation allows you the risk in the first place. Food on the table, 50% salary in investments, other responsibilities have to be taken care of. If it doesn't, don't even consider it.
If you can take the risk, then consider the next few points
Is your company doing really really well? Nobody is going to buy secondaries when they don't need to. If the company desperately needs money, they are going to do a primary investment.
Have they bought back shares before? The Indian ecosystem is littered with examples of folks not honouring esops.
Are they going to stick vesting into it? Standard vesting is 25% over 4 years with a 1 year cliff. In that case, if the buyback happens before that, you don't have esops to vest (I don't know if you already have esops, if you do then this is different)
If it has a vesting period, then you have to consider if you plan to give the next 4-6 years of your life to the same company. Career mobility, managers, toxic environments, b school plans - Everything changes. If you don't see yourself here for that long, don't consider it.
Remember ESOPS are the easiest thing to dangle for them at this point since money is tight at most places. If you are good at what you do and the work is in demand, you have leverage.
One of my colleagues makes more money than me and also some other folks in the company. He's kind of a junior to us but making more than us.
I know I shouldn't get bothered about this but it's easier to say than adopt that thinking. ...
What are the numbers we are getting this time? This is my first cycle, review isn't done yet. Want to know how much to expect.
In this year's appraisal cycle, I got a good performance rating but bad hike and no promotion 😔 Currently multiple projects are highly dependant on me, and it will be difficult for the company to find a good replacement (Subtle flex, bu...
PM YOE: 6 Overall YOE: 8 CTC:32LPA ESOPS: 25lakhs
Unlikely to get hikes as hiring is frozen and market is bad so I’m stuck at this. Is this a fair compensation ? Should I be looking elsewhere (that is also proving challenging) ? Compa...
Amids layoffs and recessions, has your company become more toxic that it used to be?