Philips Innovation Campus Product Risk Manager salaries in India (Updated 2025)

Likes

Good thing is too much Life balance and you will easily come to comfort zone.

Dislikes

...rned before coming to Philips. Job security after Covid - 2022 has become worse. They pay you well, but you will be in a shock once they inform you that you have notice period left and to search outside. The reason for lay-off or firing they give is organizational restructuring, but still they hire which is really confusing.

Likes

Some teams don't have micromanagement . Internal team pay and wlb is better than people working for Business

Dislikes

Company culture drastically changed after the company suffered a huge loss . Micromanagement culture has started and it's impacting the productivity. Dont expect a good single digit hike also till the company becomes stable .

Likes

It will provide you good work life balance. Most teams have a good mix of architects, senior developers and freshers, hence it provides a good environment of learning.

Dislikes

The pay is very average compared to other good MNCs and tech companies. The average age of employees might be somewhere in the range of 35-40. This is pretty old for a tech company. There are a lot of positions which the company can do without and hire good problem solvers instead.

Likes

The work life balance is superb. Pressure free environment. Collaboration with multiple stakeholders across the world really help is growing the career.

Dislikes

The salary is peanut. Product based company like Philips should adhere to market standards when compensating there employees. The competitors of Philips pay there employees very well and thus you could see a lot of employees switching their jobs to this companies for a good pay. Appraisals also very minimal standards. Average you could expect is 10 percent max no matter how hard you slog. There is no employee engagement. No perks like goodies and gifts. No annual functions no gatherings nothing.

Likes

Salary is paid according to the market. But don’t expect any hikes.

Dislikes

No job security at all. Everything is politics and take you out according to their need. Doesn’t consider your performance before you are put out. 0/5 for the job security