Dear Friends,
I'm an Automation engineer with 7 years of rich experience. Recently, I attended an interview with a Big MNC and cleared all the rounds. During the negotiation, I asked for a 50% increase in the current CTC. However, the HR team is saying that the industry standard allows for only a 30% hike. They proposed a 30% increase on my current CTC.
My query is this: why are they offering a 30% hike to someone with 7 years of experience and also to someone with 2 years of experience? Is this hike justified? I am unsure if the fault lies with me. Please help me understand if my perspective is correct.
Thank you in advance.
From India, Kanchipuram
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I'm an Automation engineer with 7 years of rich experience. Recently, I attended an interview with a Big MNC and cleared all the rounds. During the negotiation, I asked for a 50% increase in the current CTC. However, the HR team is saying that the industry standard allows for only a 30% hike. They proposed a 30% increase on my current CTC.
My query is this: why are they offering a 30% hike to someone with 7 years of experience and also to someone with 2 years of experience? Is this hike justified? I am unsure if the fault lies with me. Please help me understand if my perspective is correct.
Thank you in advance.
From India, Kanchipuram
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Dear Jack Hammer,
The percentage of the hike depends on the company's policy. As far as I know, if the company has proposed a 30% hike, it's good to accept. However, make sure to check your total earnings and deductions.
A 30% hike on my salary may not be the same as yours, so never compare with anyone else. If we deserve the best, we will be rewarded.
Better luck.
From India, Bhubaneswar
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138The percentage of the hike depends on the company's policy. As far as I know, if the company has proposed a 30% hike, it's good to accept. However, make sure to check your total earnings and deductions.
A 30% hike on my salary may not be the same as yours, so never compare with anyone else. If we deserve the best, we will be rewarded.
Better luck.
From India, Bhubaneswar
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Hi,
The percentage of hike is normally 30%, as the logic is that it is good enough to be more than any increment you may be getting in your present employment. Your last increment date is also considered here. It has nothing to do with your experience as a logic.
Secondly, it is a demand and supply issue. If you (or your skill set) are desperately needed by your new employer, the rule can be overlooked.
Thirdly, your revised salary is not supposed to create disruptions in their existing structure. Hence, your salary will be on par with the salary levels of existing employees of your new employer, subject to their assessment and grading of your past experience (not in their environment).
Hope this sheds light on the issue!
Regards,
Mukunth
From India, Bangalore
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The percentage of hike is normally 30%, as the logic is that it is good enough to be more than any increment you may be getting in your present employment. Your last increment date is also considered here. It has nothing to do with your experience as a logic.
Secondly, it is a demand and supply issue. If you (or your skill set) are desperately needed by your new employer, the rule can be overlooked.
Thirdly, your revised salary is not supposed to create disruptions in their existing structure. Hence, your salary will be on par with the salary levels of existing employees of your new employer, subject to their assessment and grading of your past experience (not in their environment).
Hope this sheds light on the issue!
Regards,
Mukunth
From India, Bangalore
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