SoCtronics Technologies Senior Manager Procurement salaries in Hyderabad / Secunderabad

Likes

Learning wise it is ok. Salary wise it is poor. They tell like they will give 50% hike for every year. But initially they pay 2.8 and after hike you get 4.2 .But in software your starting pay would be around 3.6 but including training. But in this company they you have to undergo training of 6 months in Veda to get a offer of soctronics. Even in appraisals like in 3 projects if you get (M+,M+,M) at the end you get only M instead of M+ because of policy in soctronics they use floor mechanism to calculate rating instead of ceil.

Dislikes

Don't join embedded if you have offer (some mnc)of software. If there is no embedded project then they will move to software domain . Better to join embedded company in banglore if the location is not a problem otherwise you have to work in soctronics for 3 years and you have to pay 4 lakh if you break it. Everybody don't get Qualcomm or intel after working in soctronics .It is a myth.

Likes

Gains more work knowledge

Dislikes

...ployees facilities are not good and employee treatment is bad No work from home No benefits other than salary Superiority feelings are more here for managers

Likes

Everything is very good at Soctronics but the problem occurs when it comes to compensation. The compensation is very poor if a fresher is joining the company. It will take 6 years to come to the market level salary structure. Other than that everything is perfect. There is lot of learning curve, friendly atmosphere with colleagues and other higher authorities etc.

Dislikes

Only thing is compensation provided to a fresher.

Likes

To start your career in VLSI, definitely Soctronics is the best. Though initially you feel negative about work culture, in career prospective it worth.

Dislikes

Salary hikes are effective only after your bond gets completed and there will be new policies that comes always.

Likes

Learning will be good

Dislikes

...t you like a slave and mad you to work They have a bond period and if you want to leave the company you need to pay amount in lakhs