Formidium Corp "Appraisal" Reviews

Likes

Much cry and little wool.

Dislikes

I would advise caution when considering a career with tis company, especially if you're not connected to someone within the organisation. There is a clear culture of favouritism and partiality at higher levels of management. It appears that many senior positions including roles such Sr Manager, AVPs VPS and even SVPs and EVPs are fil led by family members or close friends rather than individuals with necessary technical or communication skills. As a result skilled professionals are often left to do hard work while these so call "higher-ups" are rewarded with promotions and salary increases, despite lacking the relevant expertise or knowledge<mark style="background-color: #fff5e4;">. In time of appraisal or layoffs loyalty and personal connections are prioritised over actual skills or performance they give rating like "I will give you good rating and you need to give good rating to my relative or friend who work under you", so how they sustain their position without growing as they know they will never get such position and money anywhere else in the market and never let them grow who really want to</mark>. In my opinion Until the culture at the top changes, it will be difficult for the company to attract and retain skilled professionals that could help drive real progress as they are the root cause....Read More

Work Details

Work days: Monday to Friday (Strict Timings)

Work related travel: This is a desk job.

Likes

Work life balance

Dislikes

Dry promotion strategy No appreciations Bad company culture Unstructured way of working

Likes

Can't find anything..

Dislikes

No appraisal cycle. You may not get the increment even in 2 years. No job security. Company policies keep changing. No a company of their words.

Work Details

Work policy: 2 days/week from office

Work timings: Strict Timings

Work related travel: This is a desk job.

Likes

Nothing

Dislikes

Everything their work culture, salary , promotion, nepotism etc

Work Details

Work days: Monday to Friday (Strict Timings)

Work related travel: This job involves Travel Within City.

Likes

Work life balance

Dislikes

The management doesn’t care about how you perform. They will give you hike/promotion only when they feel like. In 2023 they are making an excuse of recession for not giving increments whereas there is no recession in India and even they are not facing any challenges on getting their fee s from clients. Their top management doesn’t have clarity they say that we are overstaffed whereas founders say that we need to hire more people (and this too within a day)....Read More

Work Details

Work policy: For some teams it is work from office whereas some gets wfh for 2 days in a week.

Work days: Monday to Friday (Flexible Timings)

Work related travel: This is a desk job.

Likes

Worst company

Dislikes

Leadership of PE team is pathetic. They run only on principals of politics nothing else. people are given promotion who misbehaves with girls. Family relatives are given preference over other employees because of their closeness with SVP. Promotion are given within 3 to 6 months without any basis. AVP Hr is very unprofessional and rude in their behaviour with employees. Only dry promotion are given here without salary hike. Also for gaining promotions you have to do jee hazuri...Read More

Work Details

Work days: Monday to Friday (Flexible Timings)

Work related travel: This is a desk job.

Likes

Here is nothing to like.

Dislikes

Below are the points that is not good about this company - 1. No job security, you can receive any time a call from HR to send a mail for mandatory resignation. 2. No Promotion/Appraisal - Company is not promoting the deserving candidate since last 2 years. Promotion without increase in pay is common here. No appraisal no appreciation is here. 3. Salary and Hike - Package is below industry pay, co-founders accept it but says company is not in good condition to pay any amount right now. no appreciation money for anything 4.Skill Development - Monotonous work in each department. There are no good seniors in any team who can lead you and help you to learn. 5. Work satisfaction - everyone is living with a afraid of job loss, no identification in this company. 6. Company culture - there are three things to say about company culture. i) They promotes only relatives, relatives can get 3 promotion in a year. ii) Favouritism - If you are favourite to your manager you will automatic got good hike promotion etc. iii) Nepotism is on the high here. No clear vision of co-founders and founders, this is the worst company to work. If you want stress in your life and insecurities about job please go for this company....Read More

Work Details

Work days: Monday to Friday (Flexible Timings)

Work related travel: This is a desk job.

Likes

The exposure of work is great. They also give proper trainings to groom you to do better. Learning curve has been amazing.

Dislikes

Management is very partial and discriminative towards Promotion and appraisals. If you're good at appeasement then only you'll get the benefits. One more thing is that they won't notice your hardwork, its upto you to make yourself noticeable by asking silly questions and giving pointles s suggestions in meetings. Then you can achieve great things. If you're a doer and not a shower then this is not a place for you. Management also makes U-turn on its policies in every 6 months and put all the blame on the so called "Business Requirements"....Read More

Work Details

Work days: Monday to Friday (Strict Timings)

Work related travel: This is a desk job.