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Inypay Salaries in Chennai

based on 32 latest salaries
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Designation Avg Annual Salary Open Jobs
Fresher · Chennai (AmbitionBox Estimate)
unlock blur

₹1.1 L/yr - ₹1.4 L/yr

Last Updated: 22 Sep, 2024

Salary related reviews for Inypay

1.9

Rated by 6 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 05 Oct 2023

1.0
 for  Salary and Benefits

Likes

I was working a senior developer at the time they are provide food and company culture is nice.

Dislikes

Lot of dislike is there but we are looking forward employee perspective first think they aren't giving a salary properly inypay intern salary 5k only . Freshers they are hiring first 6 month intern after they will convert a FTE as well . fresher don't try this company once you are ready to join this company sacrifice many thinks in your daily life because not following work timing .some time i am worked at 18 hrs per day Saturday not a holiday . they aren't following process . they are treat like a slave

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Intern

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 02 Sep 2024

1.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

...ze output over employee well-being, leading to high stress levels and burnout 2. Salary Benefits: Very horrible!! Employees specially interns feel undervalued, specially given the demanding workload. Most importantly, employees including managers leave this company due to financial incentive contributes to high turnover rates, as employees often leave for better opportunities elsewhere. 3. Job Security: The company has a history of sudden layoffs without proper notice. This environment of uncertainty leads to low morale and a constant fear of job loss, further exacerbating stress levels among the workforce. 4. Skill Development: Employees are often left to learn new skills with no support or guidance. This lack of investment in human capital results in a stagnant work environment where employees do not find growth in their careers leading to frustration, demotivation and dissatisfaction. 5. Work Satisfaction: Poor work-life balance, inadequate compensation, lack of job security and limited opportunities for growth creates an environment where employees feel unfulfilled and disengaged. 6. Office Politics: This plays a crucial role in Inypay where there is a significant lack of collaboration and communication between department leading to a siloed work environment. Mistakes are punished rather than used as opportunities for learning and improvement, further contributing to a demoralising atmosphere. 7. Discontinuation of Food Facility: Inypay recently stopped providing a food facility due to shortage of funds, which has an adverse impact on employees. The decision has led to increased personal cost for meals, decreased convenience. The removal of such a benefit further signals the company's financial difficulties and prioritization of cost-cutting over employee well-being, thus contributing to a growing sense of dissatisfaction and disengagement among the workforce. 8. Employee Restructuring: Inypay has undergone significant employee restructuring, leading to widespread uncertainty and anxiety among staff. The restructuring process has been poorly managed, with little transparency and communication from management. Both employees and interns fear for their job security, and reported feeling that process is arbitrary and unfair. This resulted in a significant drop in morale, as employees feel their positions are constantly at risk, further destabilizing the workforce and contributing to a toxic work environment. 9. Conclusion: This fintech based Inypay appears to be a company with significant systemic issues that has adverse impact on employees well-being, professional growth, and overall job satisfaction. The lack of support from management, coupled with poor compensation, minimal job security, toxic office politics, the recent discontinuation of food facility and poorly managed employee restructuring makes it a challenging and often demoralising place to work. Inypay is likely to continue facing high turnover rates, low employee engagement, and a tarnished reputation, ultimately affecting it's long-term success.

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Inypay Salary FAQs

How much does Inypay pay per year?
The average Inypay salary ranges from approximately ₹3.8 Lakhs to ₹6 Lakhs per year for a Software Engineer and ₹3.8 Lakhs to ₹6 Lakhs per year for a Software Engineer. Salary estimates are based on 32 Inypay salaries received from various employees of Inypay. Inypay employees rate the overall salary and benefits package 1.9/5 stars.
What is the highest salary in Inypay?
The highest-paying job at Inypay is a Software Engineer with a salary of ₹3.8 Lakhs to ₹6 Lakhs per year. The top 10% of employees earn more than ₹7.85 lakhs per year. The top 1% earn more than a whopping ₹20 lakhs per year.
What is the minimum salary in Inypay?
Minimum salary at Inypay depends on the role you are applying for. For Business Analyst the minimum salary is ₹1.2 Lakh to ₹2 Lakhs per year, and for IT Infrastructure Engineer the minimum salary is ₹1.2 Lakh to ₹2 Lakhs per year and so on.
What is the notice period at Inypay in Chennai?
According to AmbitionBox, 56% of the Inypay employees in Chennai reported a notice period of 15 days or less, 19% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 32 responses on AmbitionBox in last 2 years.

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Average annual salary in Inypay , Chennai is INRunlock blur . Salary estimates are based on 32 Inypay latest salaries received from various employees of Inypay.

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