Razorpay increments - sad state
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.
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I don't understand why people complain. 40-50% hikes are not god given rights regardless of how you worked. Company does well, it pays and gives increments well, if not, it tightens up. Green people who have seen only booming economy and double digit hikes realising single digits and no hikes are a thing.
Broski what you said is not applicable to razorpay, they have had one of their best years financially last year, they've rarely ever underperformed business wise, they've done national and international acquisitions last year. The gripe here is that the company is doing all this only because all the others are doing it, not because of some issues with the company itself. And since when is giving a 0% hike to half the org justified?
Well said bro, lot of people have never seen what tightness feels like.
Gosh I was dying to join Razorpay. Dodged successfully
Phenomenal company tbh. A small hike one year doesn't determine their calibre. It does show a lot of your thought process though.
My current company gave 0 hike citing market conditions. Previous one gave 5% after 2 years of Covid.
Thought process has been fed to reach this stage
Yeah its true! Company has good cash reserves from previous funding, still they are not doing enough appraisals.
One should have no issue with the appraisals honestly considering current market. Having a Job is more than enough. But company has insane disparity in terms of salaries.
No doubt, after these silent layoffs, like other companies even they will hire new Developers on insane packages spending extra money but won’t prefer retaining existing talent who are asking few extra bucks.
This is everywhere my friend.. failed to completely understand why it's so
My friend got an early double digit increment and he is in sales. So, definitely not true for majority.
Can confirm this
I can confirm that this is false