20% raise this year or I walk
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Hello Everyone,
I am a fresher with over 9+ months of experience as a Data Engineer at Tata Consultancy .
I just needed some suggestions from you experienced folks.🙏
In my current project my colleagues have over 6+ years of experience and are not very supportive and scold me for unnecessary reasons, which is effecting my mental health.😔
Also I am not getting to learn anything.
Continued 👇
Bowl Leader
Accenture Accenture India
How to tell the manager about resignation ?
Joined on current company: November 2021
Current CTC: 7.26 LPA( 6 fixed and 1.26 variable pay) Offered CTC:13.2 LPA (fixed: 12 and 1.2 variable pay)
Total years of experience: 5.5 years
Note:
I got another offer by got call from applied long time before job.
Just i tried and cracked.
Additional Posts in Accounting
I am WAY TOO nice to be in public accounting….
Raise your hand if you just cannot do it today.
Can you negotiate PTO at annual review?
Rising Star
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Nice, thatll open up a spot for me
Nope because they will save money by making the other coworkers cover OP’s workload.
Just gather your facts. KPMG publishes their pay scale so start with that. You don’t need to say you got another offer - just gather any ”ads” from other firms, your stats compared to others, your performance ratings and when they lowball push back firmly but not arrogantly and ask for 25% if the stats show it. Then you likely will get 20%.
1650 billable is on target for a senior. Check your realization rate. If that’s also high then you should have a bit of leverage, but bring the data to prove it, just don’t bring attitude. A calm “I have been watching the market, others salaries, and my relative performance - based on these factors I believe a salary of X is appropriate.”
As we say in the South, “Don’t let the door hit ya where the good Lord split ya”
Lol. My grandfather used to say “here’s your hat, sorry to see you go”
Walk where
Obviously to Aprio, where PE thinks they have a grand idea to squeeze more out of an accounting firm… dream on. Boomer partners actually pulled the wool over PE. No you won’t collect the full WIP, and you can’t maintain pricing power while offshoring 80% of the work. That’s called locking in a permanent low margin developing world labor model that can’t be undone
You work at KPMG
Remember, that new 80,000 base comp will get him over a 20% raise from where he is now at KPhilMG
Put your shoes on. No firm is making good money this year.
Fair point! Demand it then. You never get what you don’t ask for. Hope it works out
I hope your boots were made for walking
Better get your shoes on for nice long walkies!
Time will tell. Hoping for 25%, will settle for 20%
You up for promo? If not, time to update your resume.
@OP - you get to play that card once. Make it count. Looking for 20% from a $140K base - not worth it.
Rising Star
I read all the comments above. You got a 30% raise last year presumably to bring you up to market. $168k for a non-manager seems very aggressive without playing the offer in hand card early, even as a JD in specialty tax. 10-12% sounds about right to me if you’re the star you say you are.
Might be too optimistic, but I don’t think I’m being unrealistic. Probably not a bad thing for this thread to bring me back to earth, though
Rising Star
I like ur attitude
Time will tell
Bye
Nah, bye.
What’s your base rn
DM’d you
Get those steps in!
Lace up those shoes brochacho
Lol
Enjoy the walk 😂😂😂
You should probably run
When people comment about the increase to offshoring, this is the response. How is 20-30% raises feasible in the long term?
Increase to offshoring should allow for bigger raises to high performers who stay. At discounted rates, I billed over $1m last year. The firm will still be making a ton off me if I get a 20-30% raise.
I hope you have a laundry list of accomplishments and statistics when you go into this meeting. So many people have such an inflated sense of self worth. Like it or not, you can and will be replaced. You may cause some inconvenience, but that's it.
I have rarely seen this strategy work.
As I said above, it’s not the atitude I’ll bring in to the meeting. I don’t think my sense of worth is inflated. My utilization is 20% higher than the average at my level. My rate is $900/hr, typically discounted 70%. No matter how you slice it, I’m making the firm A LOT more than $20k more than the average at my level. I think what I want is more than fair. Sure they could replace me, but with someone who bills a lot less hours than I do.
I say this as former KPMG, YOU ARE CRAZY!!! Enjoy the walk.
Little crazy never hurt