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Salary related reviews for Kotak Mahindara Life Insurance
Sales Manager in
Mumbai
Full Time
·
BFSI, Investments & Trading Department
1.0
• posted on 26 Jun 2024
1.0
for Salary and Benefits
Likes
Managerial support.
Dislikes
... Company gives me 2.5% hike in appraisal after achieving a 70% of YTD Target....
Appraisal and salary hike processes at Kotak Life Insurance are deeply disappointing. Despite dedicated efforts and meeting performance targets, the appraisal system feels arbitrary and lacks transparency. Promises of career growth and salary increments are often unfulfilled, leaving employees demotivated and undervalued. There’s a noticeable disparity between the workload expectations and the compensation provided, which doesn’t align with industry standards. This undermines morale and loyalty among employees, impacting overall productivity and retention. Clearer and fairer appraisal policies are urgently needed to retain talent and boost employee satisfaction."
Kotak working environment is overall good. Give space to employees to work on their own. Job security is there.
Dislikes
Salary structure is quite low and apprehensive. Difficult to co relate with target and hard work you put in. No goal sheet which directly linked with growth and appraisal.
...fe.Team mates are supportive. This is the second appraisal but mine is not done. Till now no salary hike which demotivate employee .work culture is good.