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Hello Sharks, My HR interview is scheduled with an US MNC for one of the niche skills in MarTech space for an IT consultant role. May I know how much salary should I expect? I am expecting around 35 to 45 LPA My current CTC is 18 LPA and YOE 10 years. This is a fully remote position
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I Currently work for an MNC in Kerala, I've 4.4 years of experience in software development. Currently leading a team of 6 developers. Recently I got an offer from Rakuten India, Bengaluru location. As Senior Software Engineer 1, Rakuten offered 13.5L as CTC + 1.4L as joining bonus. My current CTC is 7.2LPA. As per my research on the salary for this role at Rakuten, the offered one is low. 48days of notice period is left What i can expect from Rakuten India for this role?,How can i negotiate?
20 lpa for 3yoe capgemini is it safe ?
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Yes, retention periods are common with signing bonuses.
Chief
Two years is pretty intense. Never heard of anything longer than a year.
I think mine was 2 years, but it scaled over time. 50% drop after first year, then 4.16666%/month till the 2-year mark.
Pro
Not uncommon, though 2 years is a bit long.
The clawback usually reduces for each month you are employed after you’ve received it. The closer you are to the vesting period the less you should be required to pay back, which means the less likely the company is to come after you for he money. Because they do have to essentially sue you for the money. They can politely ask you to write them a check, but it’s a much more costly process for them.
Typically when we give larger signing bonuses that fully vest over that long of a period we do it in stock or we do 50% up front and the rest after completion of the time period. It makes it less likely that clawback is needed & it keeps someone from being trapped in the role if they want to leave before the retention period.
Yes although 2 years is a little long. 12-18 months is pretty standard
Yes, it’s not free money.
I'm asking specifically about two years vs. one year. Obviously, signing bonuses have a retention period.
The bigger the bonus and position, more likely. ie if you’re offered an executive role.
Yes this is common. Most signing bonuses come with repayment terms in an offer letter or separate bonus document. I had a 2 year repayment for my last bonus, where 50% “vested” after my first year.