I am working for 5 years in a small company and looking for a change now due to financial reasons. Also, my package is well below the market. The reason for such a stay was gaining knowledge at the expense of money (though later I can cover up).
At the time of salary negotiation, when I ask for the salary as per the market range, HR says they can give 30% only as per company standards. But at the time of screening, they say salary is not an issue. This has happened in a few interviews (4/5). I have not accepted any of them.
Should I accept that 30% hike or wait for some time? Also, I am trying to understand the reasons for the change in the statement?
From India, Pune
Acknowledge(0)
Amend(0)
At the time of salary negotiation, when I ask for the salary as per the market range, HR says they can give 30% only as per company standards. But at the time of screening, they say salary is not an issue. This has happened in a few interviews (4/5). I have not accepted any of them.
Should I accept that 30% hike or wait for some time? Also, I am trying to understand the reasons for the change in the statement?
From India, Pune
Acknowledge(0)Amend(0)
Dear Param,
I do have the handicap of not having worked in any industrial organization, either in the private or public sector, nor do I possess any first-hand knowledge about salary fixation for recruits.
However, based on my interactions with young job seekers and experienced HR professionals, I understand that when hiring experienced candidates for the same or similar level positions, the amount of salary last drawn in the previous organization, which may be comparatively small in size and scale of business turnover, is an important factor for the initial salary fixation in the hiring organization.
In your view, a 30% salary increase offer may seem insufficient. However, if you are dissatisfied with your current organization and see better career prospects elsewhere, a 30% hike might be a reason for you to consider making a change. Ultimately, the decision rests with you.
From India, Salem
Acknowledge(0)Amend(0)
6185I do have the handicap of not having worked in any industrial organization, either in the private or public sector, nor do I possess any first-hand knowledge about salary fixation for recruits.
However, based on my interactions with young job seekers and experienced HR professionals, I understand that when hiring experienced candidates for the same or similar level positions, the amount of salary last drawn in the previous organization, which may be comparatively small in size and scale of business turnover, is an important factor for the initial salary fixation in the hiring organization.
In your view, a 30% salary increase offer may seem insufficient. However, if you are dissatisfied with your current organization and see better career prospects elsewhere, a 30% hike might be a reason for you to consider making a change. Ultimately, the decision rests with you.
From India, Salem
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Salary Negotiation.pdf