Awesome employer, but poor retention - Product Owner Nokia Employee Review

4.0
Jan 28, 2023
Recommend
CEO approval
Business Outlook

Pros

- Helpful, nice, dedicated employees. - Awesome managers (for the most part) - Great benefits system (500k HUF cafeteria, car benefit or cash compensation above job grade 10,etc.). - Good yearly bonus system. - Employees are looked after, great attention to mental health, personal support services. - Multiple opportunities within the company. - Varied home office contracts, and you get payed extra if you work from home. - Great Finnish mentality across the globe, - Truly diverse and multicultural company.

Cons

- Poor employee retention capabilities for managers (e.g.: one time increase limit is 10% in Hungary), - Salaries are not matching job market, competitors give higher salary. - You initially have to negotiate a good salary for yourself, otherwise you'll be stuck with it, and you'll only get yearly inflation compensation. - You have to switch to a higher job grade position to (somewhat meaningfully) increase your base salary. Car benefit cash compensation at JG10 or above can help to increase income (if you don't need the car).

Explore other reviews about Nokia

5.0
Jan 15, 2026
Recommend
CEO approval
Business Outlook

Pros

Getting to work on some pathbreaking technology deployments

Cons

no RSUS, we will see if that changes with the management change

4.0
Jun 24, 2026
Recommend
CEO approval
Business Outlook

Pros

Work/life balance, benefits, inclusive workplace, new market opportunities (AI), evolving corporate culture

Cons

Layoffs, pay raises that lag inflation, slow revenue growth hinders career advancement

See reviews by: Helpful|Rating|Date|All