No increment this year in company

It's like going back to COVID days. We got email that due to current situation there will not be any increment this year. What about your company? How is the situation?

32mo ago
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JumpyTaco
JumpyTaco

Got hired at 100% hike 6 months back, got 15% increment hehehehe. Take part in company hackathons seriously and deliver more code continuously

ZestyQuokka
ZestyQuokka
Hinge32mo

Where do non tech go 🥲

SparklyLlama
SparklyLlama

Lucky you

DizzyMuffin
DizzyMuffin
Google32mo

Companies doing well are milking the situation as they can get away with lower hikes and little to no promo

SparklyLlama
SparklyLlama

I agree

SquishyMochi
SquishyMochi

Yup - there are companies cashing in on the bad situation despite doing well and saying “market situation is bad so no hikes”

ZestyQuokka
ZestyQuokka
Hinge32mo

Same situation. They said by July they will plan for Esops - vested over 8 years 😒 P.S. the company completed 3 years in Feb 2023

DizzyMuffin
DizzyMuffin
Google32mo

@BiryaniEnthu 8y is too much, it’s not standard, industry standard is somewhere between 3-4y for total vesting

ZestyQuokka
ZestyQuokka
Hinge32mo

Obvious red flags 🥲

GoofyPretzel
GoofyPretzel

-100%, got laid off 🥲

PerkyDonut
PerkyDonut

People got around 8/9 percent. I had joined with 90% hike and not eligible for any hike this year.

SwirlyBagel
SwirlyBagel

Joined 9 months back from service based company with 100% hike. Recently got around 25% hike..Don't know how coming days going to be..Hope this recession ends soon

ZestyQuokka
ZestyQuokka
Hinge32mo

Company ka naam batao

JumpyJellybean
JumpyJellybean

Aaj hi bola hai org restructure hoga and some head count reduction. Let’s see if that impacts our anyways meagre increment 🙃

SillyNugget
SillyNugget
Amazon32mo

Increment? Vo kya hota hai?

QuirkyLlama
QuirkyLlama
Nykaa32mo

Appraisal discussions are happening but considering the situation going on in the company, not having high expectations 😢

DancingPancake
DancingPancake

We are expecting not more than 8% on an average this year.

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