Pros
Releases the offer quickly The interviews and offers made are directly related to the open positions in the company. We need to bargain for the better salary.
Cons
The company is in the hands of Venture Capitalist, so don't expect the profit sharing of the company to the existing employees. There is no career growth path. The salary increase is based on the criticality of the position and blackmail tactics of the concerned employee. The new employee joining the company has to bargain good salary, because they will not be getting any hikes after joining the company. The performance appraisal process and promotions are based on the feedback of delivery managers. There is no scientific approach or defined process for promotions and increments. Employees without project are treated as liability and will be asked to go. Because of which all the employees on the floor doesn't have any job satisfaction and will always have fear of losing job based on the project duration. Because of the company reputation of hire & fire policy, the new resource joining ratio is very low and quite often the management has to settle for low technical quality resource. Although the company has been established in 1999, the company is still bids for the projects as if it is a startup company.