Is Ericsson giving 15-20℅ of annual hike??
I also heard of people saying the hike is 2-3℅?
Why 2 different opinions??

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Definitely not 15-20%. It's around 8-10%. Ericsson is too vast and saturated in India, you can't expect big growth, both financially and professionally.

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I worked in 4 PBCs till now, all of them are industry giants, I never got more than 15% YoY hike in any of them.

PBCs are good, if u want WLB, good work culture, decent learning, no micromanagement, and no toxicity, no pressure, stability and brand. These r the main things that separate out PBCs from SBCs.

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@engineer1 - how much hike and variable you got in last 3 years in ericsson.

In my tenure at Ericsson, I got around 8-9%.

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@engineer1- how much variable pay you received

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