Hello Experts,
I am seeking for help in determining salary raise, I currently have 4 years plus experiens in HR and drawing sal of 4.5 L (4 L fixed and 50 as Variable). I am due for a raise in 3 months with approx 20% hike on my fixed income and my revised CTC would be (4.8L- Fixed + 60k -V) 5.20 Lacs.
I need to know if I can currently quote on 5.20 or what would be the general trend on which raise would be provided if am currently getting an offer. Since I would otherwise loose on 30% which my current co will provide me in span of 3 months will it be practical to quote on total expected raised or the current CTC ( as it would make no much sense if I leave my job on 30% hike on 4.50 Lac)
Appreciate expert views on this and would be great help for me to understand the market scenario.
Thanks in advance.
From India, Mumbai
I am seeking for help in determining salary raise, I currently have 4 years plus experiens in HR and drawing sal of 4.5 L (4 L fixed and 50 as Variable). I am due for a raise in 3 months with approx 20% hike on my fixed income and my revised CTC would be (4.8L- Fixed + 60k -V) 5.20 Lacs.
I need to know if I can currently quote on 5.20 or what would be the general trend on which raise would be provided if am currently getting an offer. Since I would otherwise loose on 30% which my current co will provide me in span of 3 months will it be practical to quote on total expected raised or the current CTC ( as it would make no much sense if I leave my job on 30% hike on 4.50 Lac)
Appreciate expert views on this and would be great help for me to understand the market scenario.
Thanks in advance.
From India, Mumbai
Well I think if you are looking out for a change you should try after three months only once you get appraisal. It will help you get further hike on the salary. There are many companies who do not consider variable salary they still feel that variable salary are the same as incentives.
I hope I understood your point clearly and it helped.
From India, Pune
70I hope I understood your point clearly and it helped.
From India, Pune
I understand but this is a very desired profile that I would not want to loose out on either.
From India, Mumbai
From India, Mumbai
Dear Askexperts, I have 19 years experience and am currently drawing Rs. 50,000/- p.m. I feel I deserve more . But have not been able to make headway .
From India, Hyderabad
From India, Hyderabad
Dear Askexperts,
My advice to you is to ask for a hike (small hike) over your expected salary.
I have done this in my career and fortunately for me I got the package that I wanted.
Not every Company will agree to giving a hike on your 'expected salary', so you need to be diplomatic in asking for this.
Keep in mind that there are other factors also influencing their decision such as other candidates whom they may have shortlisted, the salary scale in the Co. at that level, company's willingness to pay (remember these are tough times, purse strings are tight), etc.
Tell them that you are very much interested in the role and would love to work with them, however you do not want to accept a package which you may later feel disappointed about. Don't make a demand for higher package, ask if it would be possible, see their reaction and then decide whether you want to push for it or not. Don't expect an on-the-spot confirmation, politely ask them when you should expect their reply.
Hope this helps.
Regards,
Ritesh Shah
From India, Pune
My advice to you is to ask for a hike (small hike) over your expected salary.
I have done this in my career and fortunately for me I got the package that I wanted.
Not every Company will agree to giving a hike on your 'expected salary', so you need to be diplomatic in asking for this.
Keep in mind that there are other factors also influencing their decision such as other candidates whom they may have shortlisted, the salary scale in the Co. at that level, company's willingness to pay (remember these are tough times, purse strings are tight), etc.
Tell them that you are very much interested in the role and would love to work with them, however you do not want to accept a package which you may later feel disappointed about. Don't make a demand for higher package, ask if it would be possible, see their reaction and then decide whether you want to push for it or not. Don't expect an on-the-spot confirmation, politely ask them when you should expect their reply.
Hope this helps.
Regards,
Ritesh Shah
From India, Pune
Hi
According to me, you should ask more hike as you are already due for hike in your present company, but there may be a possibility that your future employer may have a strict budget and can not stretch ctc, in that case you would have to decide whether you want the new and desired role or want to stick to your present organisation to get appraisal and then look for change. But for your information, if you get an appraisal from our present company lets suppose 20% and looking out for 30-40% over appraised salary that will be tough unless the company wants to hire you on all conditions. And at times employer's drop candidates because of lot of salary negotiation from the candidate side.
Hope you find it useful to make your choice.
Regards,
Shruti Wadhwa
From India, New Delhi
According to me, you should ask more hike as you are already due for hike in your present company, but there may be a possibility that your future employer may have a strict budget and can not stretch ctc, in that case you would have to decide whether you want the new and desired role or want to stick to your present organisation to get appraisal and then look for change. But for your information, if you get an appraisal from our present company lets suppose 20% and looking out for 30-40% over appraised salary that will be tough unless the company wants to hire you on all conditions. And at times employer's drop candidates because of lot of salary negotiation from the candidate side.
Hope you find it useful to make your choice.
Regards,
Shruti Wadhwa
From India, New Delhi
Dear Askexpert,
I believe that it is purely depend on the variable amount which you get apart from your regular CTC. Because say for example if i am getting 65000 as an additional amount which is apart from my regular CTC. Even though it is named as variable i am 100% sure that i would get it there wont be any deflection in it since I am not into sales or marketing assume that my company fixed the structure like that. In such case you can go ahead and include your variable as well into your current CTC. Dear seniors correct me if i am wrong.
From India, Tiruchchirappalli
I believe that it is purely depend on the variable amount which you get apart from your regular CTC. Because say for example if i am getting 65000 as an additional amount which is apart from my regular CTC. Even though it is named as variable i am 100% sure that i would get it there wont be any deflection in it since I am not into sales or marketing assume that my company fixed the structure like that. In such case you can go ahead and include your variable as well into your current CTC. Dear seniors correct me if i am wrong.
From India, Tiruchchirappalli
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Salary Negotiation.pdf