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Hi Guys...
I have a total of 5.5 years of experience with current CTC as 11.5 lpa.
I have a offer from Infosys of 17 lpa
But my company wants to retain me and they are giving me an opportunity for Canada onsite in return of retention(no raise or bonus)
Please suggest me, if i should take the onsite opportunity or keep looking for counter on my current offer.
I have 70 days of Notice Period left.
Tech stack- python/ AWS/ data engineeringDeloitte
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AlixPartners I am expecting an offer for VP in financial crime/compliance and risk. I need to give them my compensation expectation. Currently working in Bank with 7+ YOE including 6 yrs in Big4 non-MBA (Masters in Finance). What is the total comp (base+bonus) that I can ask for? What is the general sign on bonus? Thanks in advance
Additional Posts in Salary Negotiations
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They are really taking advantage of you. Keep doing your 40 hours, and if the responsibilities take longer than that, it is THEIR problem and not yours. Start job hunting because you deserve to work somewhere where you are respected and paid fairly.
Agreed, companies will take advantage of anyone for profit
Honestly find a new job. That place clearly does not respect you if they're trying to make accounts payable the work of a "manager" making only $40k.
agree with this
I’d say keep it calm but firm. Document what you currently do, outline the added workload, and show how AP is a specialized function (accuracy, compliance, vendor relationships)/ Ask for a market-based increase like 10–15K if you’re absorbing another role. If he dismisses it, ask for a timeline or phased transition plan. Stay steady, but don’t downplay your value.
Ask ChatGPT to write you a compelling argument. Whether they give this to your or not, advocating for yourself will be good practice
I would leave
Update your resume
Do interviews and get that money
There is a difference of being a team player and being taken advantage of
Don’t leave without a new job. Market is crap.
I would be asking for a minimum of 60K. That's a decent bump, but still less than they would be paying another employee. If they don't go for 60K at a minimum, I would probably be looking elsewhere also.
I agree wtih MCB1, 40k is already quite low, especially if you're in a big city. I think you need to negotiate for a raise regardless, but especially with a whole other set of unrelated responsibilities. I'd ask for 65k.
As an accountant and a marketing person myself, the first question I have is IF you are qualified to run Accounts Payable. You might want to bring that up. Then you put together a hourly estimate for the additional tasks for Accounts Payable. Say 10 hours per week. You take those 10 hours and multiply them by your hourly rate of let's say $50/hour or $500 total. You would need a $13/hr RAISE to accomodate management. Simple.
They don't care. They dumped two people's work on top of my full time load, then complained I didn't have time to do my work. Ended up getting riffed. Best thing to ever happen to me.
They are definitely taking advsntage of you. Marketing and Payables are two vastly different roles. Even with a 15k bump they would be saving money. Not knowing how large the company is, payables alone could be a fulltime job. I'd prepare for a meeting, outlining what you currently do and the additional responsibilities with taking on payables. I'd also research what account payable positions pay so you can present the difference in the raise you're requesting vs. what it would cost to fill the position. Be firm, but not angry. If they don't give you what you ask for, start looking for another job. Things will only get worse there. Also, if you can, find out what the company's projected profit iis for this year. If it's up from last year, great. If it's down, be prepared for the argument that they can't afford to pay you more.
Do the research. Bring the data. Use sites like salary.com (free reports), BLS.gov OOH, Indeed salary estimates, and whatever anecdotal data you can from people in each position. You will find that you are already highly underpaid. AND - it's okay to be upset about that!
Do you even report to the CFO? If so, why? That makes no sense.
Find out from the CFO how many vendors there are. Talk to the previous A/P person, if you can. Find out not only what the challenges were, but what technology they are using and what the learning curve is for that. It's possible you can automate a lot, depending.
Also, what kind of track record do they have for paying on time? Have they always had the funds available or will you have to negotiate terms. Are you also vetting new vendors and doing procurement?
It's definitely time to start looking, and I hope the research only inspires you to advocate for yourself and go for something better. Negotiations work best when you are willing to walk away from a bad deal.
Good luck!
Wow!! They are completely taking advantage of you. Most entry-level jobs pay more than 40 K a year. Don’t waste your time asking them for more money whatever they give you still won’t be enough for the work you’re doing. Have faith in yourself and in your skills and get out there and find yourself a better job.
Subject Expert
Marketing Manager at 40K sounds incredibly low as-is.
W/o specifics, yes, it is low. Too many small companies pay marketing staff a pittance because “keep overhead low.”
I’m in Louisiana, not a large city but not small either. Maybe 1.5 hours from New Orleans. Based on my research, I am extremely low - however when I started I was just graduating and society was moving out of the COVID era slowly. I know I started low, and during my last review, I legit blurted out 40k and had a mental breakdown when they said 36K - I literally saw how low it was and choked up. But after talking they ended up agreeing to 40k.
I started at 26k in 2021. Raises bi-annual according to my previous reviews.
Get outta there
If this is a large company ?? Unclear on size.....
Don't ask. Do.
Entertain the "CFO's" (term used loosely) idiocy until you have found your next opportunity where you're valued and paid correctly...importantly in the field you have expertise (re; Marketing)
Marketing and Accounting are two very different professions. Not sure what the "CFO" (assuming a qualified individual eg; CA, CFA etc) is thinking.
Yikes! I would find a new job ASAP!
Even though you started low and remain low it is in their best interest to give you a raise in order to keep you. Turnover is expensive for companies. They need to hire and train someone and that takes time (Time=money). Also, in 2025 they wouldnt be able to offer someone 40k, as you read from the comments, that is just to low, and no one will accept it. The reality is companies try to not give you a deserved raise but they will hire someone new and pay them 10k more than you. That person who they are taking a gamble o, and that has to have a learning curb.
Advocate for yourself and do not take on the extra work without a plan. Even if he says it is not a whole new Full time job, you are still saving them money by taking that on because they would need to hire a part time person for that work. Dont take it without a fair fight!
yes
Howdy?!in response to yikes question …- as a hotelier the first question ( of a few I would ask you)
1. How many days a week and hours per day are expected to do? Combine your answer & provide whether your expectation to be.
8/, 9/, 10