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Hello ZSers,
I have been shortlisted for AC role and my HR discussion is scheduled next week.
1. Need some insights on the maximum and minimum ctc (fixed and variable) that can be offered for 3 yoe (all relevant) . My current ctc is 7.2 (6.5 fixed) . Tech stack - Big data and AWS developer.
2. Is there any joining bonus. If yes , what should be the ask.
Any inputs will be very helpful for me to go with my expectations to the HR. Thanks!
ZS Associates
Hello All, I have one question. I was a fresher and joined one organization as external employee with third party payroll. I worked as external payroll for 1 year then I became permanent employee of organization was working. When i was a fresher my salary was below tax slab so my external exployer did not generate any form 16 for me. When tried to switch my new organization wants me to submit form 16 as BGC process. Will my offer get reverted?Cognizant Tata Consultancy HCL Technologies Accenture
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Additional Posts in Australia and NZ Consultants
Those who tuned into KPMG town hall, thoughts?
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Really simple and has nothing to do with student debt or public health. The US is a much larger market so clients pay more for consulting services and there's higher competition for talent.
Partially because we have a functional public health system, and also don't have six figure university debts to pay off / try to save for our kids.
It’s linked to the billing rates. I’ve seen rate sheets for US vs Australia and the US is higher for equivalent role / levels
Compared to other countries that are significantly lower — my MBA classmates starting in consulting in London got 85,000 GBP (~110k USD) vs those in the USA got 150k USD — the AUS-US difference is only really the exchange rate. Having just moved from the US to Australia and recently did the job search in Australia, similar job titles to the USA would pay X AUD instead of X USD (with X being the same number). For example, an undergrad campus hire would make 90k USD or 90k AUD.
It’s really not that far off when you factor in super (retirement contributions are optional in the USA), healthcare (from your salary in the USA as well and a lot of out-of-pocket costs), lack of state and local income taxes in Australia (very common in the USA), and a fairly straightforward tax system with the ATO (traveling for work in the USA create a tax nightmare, and even if you don’t travel, the tax system is so complicated that you probably need to pay someone to prepare your taxes).
D3, I got my visa via my SO, so I haven’t dealt with a working visa. I think the Department of Home Affairs is still struggling with processing working visas — many job postings that come my way say no sponsorship is available.
I also don’t have any kids, and I moved into a house my SO owns, so no experience with the rental market. Learning to drive on the left side of the road is rough, and if you need a car, be prepared to overpay since lead times for new cars are 6-18 months and therefore the used car market is extremely tight. Be sure to do an itemized list with values for each item to get your things through customs, and if you have a pet (I don’t), be prepared to pay thousands of dollars to get them over here (they have to fly separately in cargo and quarantine for 2 weeks). I’ve also struggled to get a credit card here being on a temporary visa (no issues with getting a bank account although you have to show your passport in a branch).
The whole world's salary is lower than in US. US is somewhat of an anomaly because of the number of jobs available in the tech industry and the supply of candidates. Most major global corporations have their biggest presence in US which contributes to this.
It’s always like that between two different countries. There’s a ton of economic factors (primarily supply and demand of professional services talent).
I know it may seem extreme but it’s actually less than many other companies. NZ salaries for example are about 30% less than australia even though the countries are largely the same in most ways.
To pay staff more you need to charge clients more. All flows down hill from what you can charge, and the market ain’t budging.
It’s way more reasonable to compare Australia to Canada than to the US. US offer significantly higher salaries/total comps to skilled labor than any other developed country does, but it’s also the first economy in the world.