Full of Schemes - Recensione dipendente - Dipendente anonimo presso Ecolibrium

Scheme 1 = Three Month Notice Period - They have a three month notice period for the current employees, but at the same time, they will expect a new candidate to join within a month. Scheme 2 = Imaginary Variable Pay - They have fixed + variable salary structure. But don't get your expectations high for the imaginary variable pay, because it's nowhere related to your performance. When it comes to paying your variable pay, they will give you nickels with excuses for the company not performing well (which happens every year). Scheme 3 = Late Appraisal - The company has the usual April to April appraisal cycle on paper, but they will not start the appraisal process at least till the end of August month. In August, you'll just get to know the numbers only on paper, not the actual amount in the Bank. So basically you'll not get a window to switch to another company in the proper appraisal cycle. Scheme 4 = Not paying dues on time - After the appraisal process completes, it'll take at least half a year to get those tiny variable pay and arrears amount. And if you left the company with due pending, it'll take years to get it clear. Scheme 4 = Deferred Salary - In the name of Covid19, they have introduced another scheme. This scheme will trick employees into having false hope without making the company look bad. Instead of a salary cut, they introduced deferred salary thing with no timeline of when these dues will get cleared. Employees will have a false hope of getting those deferred amounts, and they will stick to the company for an infinite time. Scheme 5 = Buy out a notice period - Another scheme in the name of Covid19. They will ask you to pay to buy out notice period time and deduct from your long-pending dues. This is a very cheap move to reduce the company's debt using employee's money. Scheme 6 = Imagenary ESOPs - In the normal scenario, your offered ESOPs will vest in a yearly manner, and once it's fully vested it stays with you even if you left the company with rights to purchase the stocks from vested ESOPs. But it's not the case with Ecolibrium, even if you stay two years after vesting period and left the company, ESOPs become Zero.