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I have offer from Nagarro for 32 LPA(1.6 variable) and another from Turing of 34 LPA (2.5 Variable) I don't want to Join Turing, but can I negotiate with Nagarro based on Turing offer to increase my package? Or is it too risky since I don't have any other offer. What are chances if negotiation fails they(Nagarro) resind the offer?
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No for several reasons:
1. 180 is enough to achieve my current and future financial goals
2. The 2-2.5 hours wasted is time I could spend with family or on hobbies.
Essentially my time lost is more important than my ability to retire earlier (or spend more money per year).
Agree with others here. 300k sounds very nice but if you are spending 8-10 hours commuting a week then that means you're not even able to enjoy that variable pay (if it really shows up). I think 180k and fully remote is a pretty cushy gig
How guaranteed is the variable pay? Is it part of a collection model like A&M or more discretionary than that? Tough call but if you’re comfortable where you are giving up remote is hard imo, especially if you’ll be wasting a bunch of your life commuting again.
Chief
I'd take the $300k and use the experience to leverage a future OP in 2-3 years or decide I like it and move in 2-3 years.
Never trust variable pay. I'd pass
I'm at 200k in mcol, 400k hhi.... plenty of money really wouldn't trade wlb , flexibility, culture and commute for another 100k
What’s the role for both?
Whats the growth rate for 180K option?
Do you have family or planning on raising one?
If there is upward mobility for 180K and you have family or want in future, I would pass
Yes would switch 100%
Was in a similar situation this week. Currently at 220k+ with really good WLB, and new role would have been $350k with hybrid schedule and not a lot of flexibility. Decided to stay with my current gig. HHI is $500k+ and both me and my spouse have finally started to value our time more. We have put in hard work and chasing the next $100k would only put us closer to retirement at the expense of enjoying life less now.
When our HHI was $200-$400k we definitely had a different mindset, but $500k+ is very comfortable and our comp should continue to grow regardless if we jump jobs.
LCOL
As someone who made a similar move and regretted, don’t do it
Rising Star
I’m in a similar boat myself. About the same jump in pay but in office 3x per week and commute is about 45mins each way. I’m leaning towards the move myself.
If the variable pay isnt a guaranteed factor I would pass. Company can say they wont be able to pay that variable pay and you have nothing. I have seen it happened.
What about other benefits? Such as healthcare, 401k, PTO? How do those factor into your calculations? Even if I was offered a 60% pay rise, but lost my PTO benefits and the ability to work remotely, it's not worth it for me. Done the career thing, burnout is real and after 20yrs of it I will never ever recover physiologically and mentally. Also seen too many execs over the years retire comfortably financially, but get sick and end up dying way too early. Fat load of food that cushy bank balance is doing them now. So nope.
It’s going to an asset management firm so leaving PA altogether
I rode a train to work at a previous job, which made the commute time productive. Was able to pay bills, study(was in grad school), catch up on personal email, and actually be present at home when I showed up. Now I have to spend 20-30 mins/day doing home admin when I arrive. Just something to consider if the train is a real option for you.
Pro
Is it in private? You need to give more details. Is the role more aligned with your goals?
What job is this?