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Hi Fishes, Y.O.E 7.5+ years. Tata Consultancy TCS is offering 25LPA including variable pay and everything. So just 15% increment on my current salary since they mentioned I am leaving my current organization within 1 year.
They mentioned 8-12% is VP plus 80k from that salary is paid at the end of each year. Is it a good enough salary for 7.5+ yoe candidate. Also any heads up for the things I should look out for will be really helpful.
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Please be more clear. What kind of experience to you have exactly?
I know people with 2YOE working at 50LPA, and I also know some with 8LPA.
YOE is not a good way to estimate package. What you did in those years counts.
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@Infosys2 what do you need a further explanation about?
I have the exact same experience and similar skills and my first offer was 9 LPA as well. I kept giving interviews, received 5 offers and the highest I got is 18 LPA. There are a bunch of other companies that offer way above this. So keep trying, you will never know your limits unless you push yourself to them :)
Don't have an answer to your question but it's certainly not greedy to check if you're being compensated fairly in line with your skills. All the best
They will consider you as IC
There is no such parameters of negotiation. Ask for more and then work harder to deliver to justify your paycheck.
you can get upto 12 with 2 years experience in hot startup. if you are really good in DS, algo and applied in google, apple etc can get upto 20 in india.
Can you please guide me on how to negotiate? Even I'm 2 years experienced with same tech stack and currently serving notice period with one offer letter (5.5Lpa). What companies are you applying to ? Even though my interview went exceptionally good, the company is not agreeing to go beyond 45% hike.
Bro 5.5 ? Same tech stack ? Bro minimum is 8lpa .. let me name you some firms
Tcs, Wipro, fis, UST, citius tech, ibm, Accenture (most easily)
8 hi lowest for 2 years.. deny offers if paying less than 7.5 - 8..
Just know that if you're going to have a higher package than the average candidate at your YOE , then be prepared to work extra hard , as no company will give you extra money without extracting that value.
With that being said at 2 YOE you can expect easily 100% hike on your current CTC if it's below 7LPA in the Great Attrition wave that's ongoing these days.