Wolters Kluwer Business Development Associate salaries in India

Likes

Feel good factor of working for an MNC

Dislikes

I wouldn't recommend even interviewing for this company. As HR with initially tell they have open compensation packages but after 3 rounds of interview, force you to join at lower or equal to previous company package. HR is horrible

Likes

Wolters Kluwer is a multi division company which has 4 main divisions - Legal, Health, Tax & Accounting and Governance Risk and Compliance (GRC). Therefore, the evaluation of the company from an employee's point of view is a highly subjective exercise depending on which division the employee belongs to. This feedback is on the Grc division; Frr business unit. Things to like about this place - I won't waste your time. Nothing. There are many better places to work in this domain - Oracle, Sungard, go for them

Dislikes

... downright employee unfriendly. Compensation is poor/nowhere compared to market. Maximum leave carry over balance at end of a year is only 30 days(progressively reduced every year) Worst is leaves (including sick leaves) are on accrual basis which means that if you fall sick in the month of January (beginning of leave calendar year) for more than 1 day, then you will face loss of pay as only 1 sick leave accrues per month. 3. Colleagues are unprofessional and there is a very real undercurrent of racism. India based workforce are not treated in a humane fashion. 4. Zero investment in training and development of resources. They run it like a job shop with relations with employees kept as transactional as possible. 5. No realistic career progression path. Promotion leads to horizontal expansion of role, there is no vertical progression. 6. No facilities like transport, sub-standard canteen facility etc 7. Technology stack is outdated.

Likes

...a, even 1 day in a quarter is fine as long as manager doesn't have any issues 3) Salary is good especially for freshers or 4-5 years experienced 4) Internship programs with good stipend, and interns are considered for hiring whenever freshers are required 5) Job is not stressful. Many employees are satisfied with their salary and work-life balance and plan to retire from this company. 6) Admin and IT team is supportive with quick responses.

Dislikes

Lack of growth and performance is the biggest red-flag. 1) Lack of proper performance evaluation system. Managers rate whatever they feel and have a preoccupied notion of their team members. 2) Promotion depends on your manager rather than skills, tenure, and performance. A 4-yr experienced and a 12-yr experienced employee can be at the same job role. 3) While they boast about good IJP programs, they won't give more than 10% hike in internal job movements whereas will offer 30% or more for external candidates for same roles. 4) Even IJP program is not very good, as teams prefer to hire external candidates even when they have suitable team members in their own teams. Have noticed this as the main criteria of employees leaving due to job dissatisfaction and lack of trust from management. 5) Employees' contributions in additional responsibilities such as sports committees, CSR responsibilities, etc. has zero value as they aren't considered during promotions and appraisals. 6) Few teams have team members following hybrid policy regularly whereas some of their team members are completely working remotely. Even in these scenarios, there are no browny points to employees who visit office and naturally have more collaboration and are given more responsibilities in team activities because they are physically present. There is absolutely no benefit to employees who follow 2-days in office than their teammates who have the privilege of working remotely full-time. 7) Performance bonus percentage is not good since 2022. 8) WFH policy is not same across the company as few teams come to office hardly 2-3 times a month, whereas many teams are adamant about 2-3 days in the office with no exceptions. 9) HR is almost non-existent. There are neither skip-level meetings nor any regular employee engagement sessions (except annual survey forms).

Likes

Work Life Balance No MicroManagement in a few areas Fast paced company

Dislikes

...le. * Medical insurance should be little higher compare to market and inflation. * Salary should be as per market. * Some Management people should have some technical knowledge when they lead specific team area.

Likes

Great company culture and work life balance, get to work on latest technologies, continuous encouragement on innovation and using latest technologies in market, great job security (they don't ever fire anyone, even non performing ones), great people all over the world with helping attitude, less politics compared to other companies and decent salary and benefits. Hybrid mode of working.

Dislikes

Less salary compared to other product based companies. Promotions are hard to come by, it takes 7 to 10 years to get promoted to each next level and most people leave before that. Even if you perform consistently excellent, you won't get a promotion for at least 7 years, so very less opportunities to grow. Increment are decent but fixed at 9% to 12% rate. And it's difficult to change your division or even project if you get bored of working on same project year after year. They only move you to different project if there is an urgent business demand in that. IJPs are for namesake as your manager would never approve your movement (unless you are a non-performer and manager doesn't want you in his/her team).