Hi, I have recently been interviewing with one of the IT companies and got shortlisted. They are offering me a 30% hike on my current CTC, and I'm due for a hike in my current company also in the next two months. Can I ask the next employer to compensate for that, since my appraisal is just two months away and will affect my next package with a 30% hike as well? Please guide me on the same as I have only two years of experience in the industry and don't have much idea about these negotiations.
From India, Bangalore
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From India, Bangalore
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Dear friend,
Three things stand out from your post. One is that your appraisal is due after two months. The second is that you had not shown patience for the completion of the appraisal. You went ahead with attending the interview. The third thing is that you had not disclosed that your appraisal is due and you expect a ____% increase. When asking for an increase, you should have taken into account this increase and asked for a further raise.
Anyway, today you have received an increase of 30%. This is not bad per se. Consider this offer as if you got an increment of 10% and an increase of 20%. The alternative to this option is to reject the offer, wait for the appraisal, and then search for a new job. However, if you choose this alternative approach, there is a risk of going against the famous proverb that states, "A bird in the hand is worth two in the bush." Whether to consider this proverb or disregard it is your decision.
Thanks,
Dinesh Divekar
From India, Bangalore
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8035Three things stand out from your post. One is that your appraisal is due after two months. The second is that you had not shown patience for the completion of the appraisal. You went ahead with attending the interview. The third thing is that you had not disclosed that your appraisal is due and you expect a ____% increase. When asking for an increase, you should have taken into account this increase and asked for a further raise.
Anyway, today you have received an increase of 30%. This is not bad per se. Consider this offer as if you got an increment of 10% and an increase of 20%. The alternative to this option is to reject the offer, wait for the appraisal, and then search for a new job. However, if you choose this alternative approach, there is a risk of going against the famous proverb that states, "A bird in the hand is worth two in the bush." Whether to consider this proverb or disregard it is your decision.
Thanks,
Dinesh Divekar
From India, Bangalore
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Hi Dinesh,
Thank you for your valuable response and suggestions. Yes, you are right, I have made all these mistakes as I was a bit nervous during the interview process and forgot about this. HR did not negotiate anything about the salary and directly told me to give a 30% max. One more thing I would like to mention is that I have not received any offer letter yet, which is pending and will be given to me in the next few weeks.
From India, Bangalore
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Thank you for your valuable response and suggestions. Yes, you are right, I have made all these mistakes as I was a bit nervous during the interview process and forgot about this. HR did not negotiate anything about the salary and directly told me to give a 30% max. One more thing I would like to mention is that I have not received any offer letter yet, which is pending and will be given to me in the next few weeks.
From India, Bangalore
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30% hike is good enough. Join the new company. You will definitely not get increment more 30%. DjR Financial & InfoTech Recruiters 7532908883 / 7532908882
From India, New Delhi
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From India, New Delhi
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The new company will definitely not compensate you for the likely increment you are going to get in your current company. If you like the current job, the work environment is good, and the company is growing, then it is better to wait for the appraisal and the annual increment in the current company.
Know one thing, that you are the best judge of the situation and nobody else can advise you better than yourself. Have confidence in yourself, take a decision, and enjoy whatever decision you have taken.
From India, Delhi
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Know one thing, that you are the best judge of the situation and nobody else can advise you better than yourself. Have confidence in yourself, take a decision, and enjoy whatever decision you have taken.
From India, Delhi
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In the circumstances, if possible straight away tell the 'new employer to be' to consider the impending hike also and renegotiate to the maximum extent and decide on the outcome. If this is not acceptable, you have to decide on other factors like brand, growth opportunities, proximity, work environment, infrastructure, prospects of furthering your skills, knowledge, your marketability for further jumps, and so on.
From India, Bangalore
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From India, Bangalore
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