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An Engagement Manager in the T&T team. Last week in Mumbai there was a meeting of senior partners. Can confirm the business is doing worse than last year. There is no way that they’ll be able to give a hike of 35%. High time to jump the ship
All the best.
Promotions will happen. The only carrot they have. Hikes will be quite low and muted for everyone unless they need to adjust your band.
35% hike will never be matched in DI - even if you get promoted. Make merry when Sun shines right now. Use this money to save and build for your future. If your manager offers you Partner / ED position (like god appears in his / her dream and ask them to promote you ) then stay back :)) and apply paint of your loyalty on the company logo daily.
Accept the offer . Then talk to manager.
As there would be document proof of the offer recieved.
Further if your manager has to bargain your salary with senior he needs to show that to the higher ups
This year's raise can be similar to last year.
It will be renamed some uncertainty/ global conflict / difficult future.
Firm size is drastic, you add an iteration rate to it, divide by 12, you will always find firm on hiring mode.
Conversation Starter
If you're a manager or higher then 35% hike is good, if you're scon or lower 35% isn't a good hike but yeah accept the offer and keep on leveraging until you get atleast 80%