IBM

Flexible timing and work from home sometimes (only if you have a laptop and less than 50% of people get that).

Bad things:

(i) Variable pay: If your variable pay is 1 lac, you will not be given more than 30K, and that too with the best rating. Normally, average people don't get more than 15K-20% (15%-20% part from the variable pay). Unlike other companies, they pay 80%-100% from the variable salary and even 110%. So, in the CTC, they show a big package but pay much less than that. Your actual in-hand salary will be: Total salary - variable salary - performance bonus. That is, you will get only the fixed salary as the annual package in hand and not more than that. You can almost neglect the variable salary and performance bonus from your package as they are paid almost nil at the end of the year.

(ii) Variable pay is paid only once a year in March. So, those who leave the company after 9-10 months will lose their variable pay. Unlike other companies where variable pay is given quarterly. So, you can almost neglect the variable pay from your package, which will not be paid to you.

(iii) Very-Very Low package: While joining, the company gives very little hike (normally not more than 20%-25%). You are very lucky if you got more than that. But the hike is very-very less here, and that too not paid well.

(iv) Appraisal: Appraisal is almost nil here. Maximum 2%-3% after 1 year, and that too with the best rating; otherwise, for an average rating, not more than 1%.

(v) Work field: Well, in IBM, you will be recruited for some other technology and will be put in another technology. People with SAP skill sets are working on Excel sheets here. People with automation testing expertise are forcefully dumped into manual testing. This practice is very-very common in IBM. So, technically, you are at high risk here. Do not join here if you are a techie guy. Your skills will be ruined here.

(vi) No Process: There is no process for anything at all in this company. You will be lost here for everything. You will run here and there miserably for any help and end up losing everything.

(vii) HR: Haha... I was here for a long time, and I have not seen HR in this company. Nobody knows who their HR is, and there is no communication from their side either.

(viii) Performance bonus: This is a part of your package (3% of CTC) but will not be paid more than 0.5% at all, no matter how well you have performed.

(viii) There are a lot of other hell things in the company... a jungle of politics... Here, everything is in your people manager's hand.

(ix) If you resign before one year, they will make your notice period from 1 month to 3 months, and again, you have to fight back for this. Officially, the notice period is 1 month for the first year in the company, but they will increase it to 3 months whenever they want (before completing 1 year), generally within 7-8 months of the period.

(x) The iteration rate of the company is more than 40%. From this, you can only imagine how dissatisfied people are with this company.

I highly recommend NOT TO JOIN this company, not even by mistake. You will ruin your career here.

1. Pay variable salary to employees as mentioned in the offer letter.
2. Provide projects to people in their skill set rather than throwing them anywhere.
3. Pay a proper package as per market standards.