SquishyMuffin
SquishyMuffin

Swiggy performance review

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.

30mo ago
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PrancingNoodle
PrancingNoodle
Zomato30mo

You can expect 30-50 if you are good

MagicalBurrito
MagicalBurrito
Swiggy30mo

Lol. Gone are those days man!

PerkyCupcake
PerkyCupcake

@BumpyCup6 that’s prolly too high. Can’t expect the same for this cycle. Expect a tighter review this time

MagicalBurrito
MagicalBurrito
Swiggy30mo

This is for Tech org.
Cash component: No Hikes for Met expectations, single digit hike otherwise (EE and OP). For promo cases, max it would go to early double digits ESOPs : ESOPs at most of the level with "accelerated" vesting.

FluffyNugget
FluffyNugget
Swiggy30mo

Yup already got a primer from my manager that ME is the new baseline when most used to get EE in previous cycles.

PrancingNoodle
PrancingNoodle
Zomato30mo

😂😂

PerkyTaco
PerkyTaco
Swiggy30mo

No hikes except for promotion cases, that too expect very low. There will be some ESOPs with a 3 year vesting period.

PerkyLlama
PerkyLlama
Swiggy30mo

What do you think is the best course of action wrt ESOPs from an employee perspective? Sell during buyback or IPO or hold for longer term?

PerkyTaco
PerkyTaco
Swiggy30mo

Sell during buyback, and find another job. There are better profitable companies out there.

PeppyNarwhal
PeppyNarwhal
Swiggy30mo

Totally disappointing! Lot of politics in promotions as well and many deserving people didn’t get it. For ME and below, no hike. For EE, without promo it’s mostly around 7%. With promo mainly 10% and in some rare cases up to 15%. For OP, it’s around 10-15%.

It’s for tech org and most of the people are unhappy about it. Expect a large attrition in the coming months.

PrancingNoodle
PrancingNoodle
Zomato30mo

I got 45 percent 🥱

DizzyNarwhal
DizzyNarwhal

Your base pay would have been very low.

GoofyMarshmallow
GoofyMarshmallow
Google30mo

What's range of product manager salary
APM PM1/2
SPM for swiggy ?

PrancingNoodle
PrancingNoodle
Zomato30mo

30, 45, 80

TwirlyQuokka
TwirlyQuokka

PM bc aisa kya krta hai? jo itni salary udaa the Swiggy waale

GoofyMarshmallow
GoofyMarshmallow
Google30mo

What's it for product managers ?

MagicalBurrito
MagicalBurrito
Swiggy30mo

Same as Tech org which i mentioned in separate comment.

GoofyMarshmallow
GoofyMarshmallow
Google30mo

So only business folks are getting hikes?

SquishyMuffin
SquishyMuffin
Swiggy30mo

Complete massacre. Literally no hikes on ME and 70% of the folks got ME at least in tech.

ZoomyBiscuit
ZoomyBiscuit

Because they were indeed ME

PeppySushi
PeppySushi
Swiggy30mo

Earlier data discussion is accurate. Nothing for MEs, 7% for EE and in rare case 10%. For OPs, its 10%. If you have promo associated with it, then depending on EE or OP, add another 2-3%. Max I have seen is 12% for a friend who got promoted. - This is for Tech and Product for sure. Don't know about others.

DizzyNarwhal
DizzyNarwhal
Amazon30mo

What about the folks who got promoted last mid cycle . Do they get hikes if they have ME currently . Since the hikes are split

SquishyMuffin
SquishyMuffin
Swiggy30mo

How much was the hike in mid cycle promotion?

MagicalBurrito
MagicalBurrito
Swiggy30mo

No hikes in tech org for ME rating for all cases.

SqueakyUnicorn
SqueakyUnicorn
Acko30mo

Any update on this? Swiggy must have announced appraisals till now.

SquishyMuffin
SquishyMuffin
Swiggy30mo

Expecting updates on the thread as mostly reviews will be happening today

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