The policies of the company, I work for are best described by the above words. Its a broking company, part of a well diversified and highly capitalised group which is the key highlight in almost all forms of advertisment done by the company. However, when it comes to employee satisfaction none can beat this organization. Barring, the last quarter, the last FY was the best in terms of top line, bottom line and any other kind of line for broking firms/firms related to capital markets. Having said that, we employees were expecting a good appraisal and hikes, but the company had something completely else in mind. When asked about appraisals, our esteemed CEO blankly stated "Its out of the question!" Employees who worked really hard to contribute to the owners already fattening pockets are being told staright that appraisals itself will not happen. The reason is one bad quarter where the markets went against everyone and the company can not afford to increase costs. The company however, made a tidy sum of profit in that quarter as well. And new recruits are being taken in at enormously high packages. What surprises me most is the fact that such a large organization does not realize that it is willing to spend lacs p.m. on new employees in new salaries but will not spend thousands in appraisals for existing ones.
