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Dear Fishes, I am switching for the ist time in my life in 8 years.Need guidance on which will be better in terms of wlb,job security and learning wise.offered compensation is nearly same in all 1.Harman(product) 2.Hitachi Vantara 3.Banking captives:-Deutsche,UBS, HSBC Yoe:8 Techstack: java,Microservices,Devops,AWS,Azure Harman Harman Connected Services Hitachi Vantara Deutsche Bank UBS EY Deloitte PwC Tata Consultancy Wipro Capgemini Cognizant HSBC HSBC India
BNY Mellon technology specific questions -
#0 How much max salary for grade K ?
#1 How long does it take to promote in bny from grade K to L ?
#2 Any specific criteria for promotion? Expr , certification etc...?
#3 How much % hike to expect post promotion ?
Skills- Java, microservices,react, cloud
HSBC India JPMorgan Chase BNY Mellon | Pershing Citi BNY Mellon UBS Citi Allstate BNY Mellon | Pershing BNY Mellon Corporation HSBC India Citi
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Generally. Companies give everyone the raise merit raise. They try to keep them at 3% average. So between 2-4% depending on how well you performed. But most 1 years it’s probably 3%. Now. That said. With inflation who knows what companies will do this year. Last year mine gave minimum 6% across the board. So who knows.
Industry and location are going to matter here.. Also, does the company do annual raises across the company or are they handled every year upon each employees review?
Based on my current company 2.5-3% is fairly standard annually.. but it hasn’t been unheard of to get 5-7% depending on the employees situation. 5-7% is not the standard it would be a one off for high performance or someone the may be low on he pay scale type thing.
3% is most common. It’s basically a COLA, to combat inflation.
Basically this. If you want something outside of a col raise you need to ask for something outside of a merit raise. But at one year experience. Don’t you get very far with it.