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Hi folks,
Can anyone confirm the variable policy of TechM, is it monthly or quarterly.
Heard from few folks that its was changed to quarterly and in offer letter nowhere its mentioned that its monthly or quarterly.simply said applicable as per variable policy.
Any folks recently joined and received salary please confirm it.
Thank you
Tech Mahindra
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I have always jumped after 2 years for increases. Always have gotten good reviews but I’d rather jump for 20-40% bump than work my ass off at the same place only to get a 10% raise or whatever. My salary jumps from leaving have been 40% followed by 30%. But making partner isn’t my dream
Money talks. Became quite jaded about “the value of loyalty” early on and have not regretted the 30% increases I’ve received from each jump. I’ll stop when I feel like it’s time to coast
I have no intention to, but you never know so I’ve made sure there was no bad blood. Building your network is always a challenge, but I enjoy meeting new people anyway
After the dismal pay increases and anemic bonus’s at Accenture this year even which a great rating, many of us are leaving or have left. I’m moving to KPMG for a more senior role 32% increase starting the beginning of January.
Nice 👍 👍
Realistically if you’re in consulting to set up your exit to industry, probably a fine approach to build a strong base before you leave the industry.
I found a firm I love working at, haven’t hopped around and I’m getting paid $300k+. If you’re in consulting for the long haul, I believe the every 2-3 year hoppers dramatically undervalue their networks and will have quite a bit of trouble reaching partnership
I have job hopped every 2-3 years and always with 30%+ pay increases. Now that I’m at a comfortable level and have the WLB I had craved my goal is to work hard but coast and focus on family. Companies no longer truly value employees when I see new hires coming substantially higher and doing the same work I knew I had to look out for myself.
Yup, jump throughout your twenties but try to settle in somewhere for 4-5+ years thereafter. I went from 80k TC in 2019 to 140k TC in 2020 to 220k TC in 2021 by jumping. Well worth it!
Yes, ive doubled my salary twice in 4 years this way. Am nlw trying to settle. Probably not as realistic if you're already in a high salary band.
1st job 72.5k, left after 1 year for 90k, left that job after 2 years for $120k, left that job after 2 years for $150k, been at my current job for a ~1.5 years now. So with 5 YOE I was at $150k, most of my coworkers that didn’t move are just now hitting $120k-$130k with like 5.5 YOE (assuming they got their end of year promotion). Companies have no loyalty.
It’s not just in consulting. Management did it all the time when I worked at a large bank.
Consulting is built for job hopping. Every 2-3 years, you get to the next level. Once you get to the next level/promo, you jump. I started at 70k as an analyst 5 years ago, jumped twice since then, and now I’m in tech and making ~230K TC