Great Work-Life Balance, but Compensation Lags Behind Inflation - Product Owner Ericsson Employee Review

5.0
7 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Flexible and family friendly place to work. The company emphasizes work-life balance and very committed to provide a healthy environment. Yearly minimum pay-raises are guaranteed at 3% on average by the Collective Agreement with the Trade Union. You can get a partial exception from office presence based on the individual circumstances. Pretty good cafeteria amount.

Cons

The pay is not the best, as compa-ratios are admittedly aimed to be at 80% of the market median/average salary for your individual experience and position, however often kept below that committed level. The yearly pay did not keep up with the inflation in Hungary. Office presence requirements are getting stricter with 3 days a week. Cafeteria options are getting less year-by-year, the amount is not increasing with inflation either.

Explore other reviews about Ericsson

5.0
17 May 2026
Recommend
CEO approval
Business outlook

Pros

Great company to work with

Cons

Micromanaging time in the office

3.0
13 Mar 2026
Recommend
CEO approval
Business outlook

Pros

-Technological superior to most other companies with use of AI and promising future tech/programs -benefits and pay are very competetive -room for professional growth and advancement if you know how to work in a corporate environment -resume development and professional advancement

Cons

-leadership ideology doesnt match the company/CEOs mission statement or belief (company is said to be all for safety yet leaders get put in charge and quickly dismantle and lay off 3 quarters of the safety department) -Leadership changes structure to benefit themselves by having all support functions report to them instead of the CEO, this ensures all support functions take a back seat to production and financial gain to include their employees well being -Company restructured and reorganizes very often while showing no loyalty to the employees who work hard and want to stay, this leads to turn over of great employees.

See reviews by: Helpful|Rating|Date|All