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It is not a good hike. The better option is to stay at your parents house. For this additional 6.5 lakhs, you will lose 2 lakhs in taxes and at least 3-4 lakhs in other expenses in Bengaluru. Also add travelling to it as well. So not worth it since the net salary will become same as your current salary. If it was WFH, then you could’ve changed to this new company. For now, enjoy your current company. Since you will anyway get a hike, your salary will go to 35 easily. Not worth it to change at this point unless you get 45+
Thanks, I have the same thought process.
Help me choose.
I currently work at a service based org with a total compensation of 31.5 LPA, due for hike in one month.
My last two years hike have been 18%, followed by a 23%(was promoted this time).
I am expecting a hike in the range of 10-18%.
I currently work from home, but is subject to companies policy of calling us back to office, which is a possibility.
Overall current company’s pros are flexibility with work, great rapport with client hence great reviews which in turn lead to good hikes.
Work from home which helps save money as I live in my parents house in a tier 3 city.
The cons are, what if work from home ends and I am called to office which is in Bangalore, also notice period is of 3 months.
I have an offer from a product based for senior data engineer role.
The compensation offered in 34.5 LPA + 10% variable(which they always pay).
The pros are product based company, the skillset offered are good and notice period is 60days.
cons are the hikes is not decent on my current compensation and it is a work from office from bangalore.
which companies?
Hello Mr Engineer which service based company is giving you that much hike if you don't mind may I know the name of your company
From which company you have this offer ?
Depends on company also, good pbc could help with better opportunities in future