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HI.. I am Naga Srinu ..I have experience of 11 yrs in Accounting & Finance..Still my CTC is 6.70 lacs as Sr.Execuitve (Branch Reviewer)
My query ..I want to Increase my salary package and shift to software MNC companies. What are the channels to get into big 4.
I am feed up with salary increments frm past 11yrs.
Kindly any one advice n share ur experience.so i can get awareness.
Note: Software i worked on GAC Dolphin ,SAP ,Oracle ERP, Tally ERP.
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I would say you can try to bring up the conversation but from what I’ve seen (but this is a big company) the wage is factored based on the country. This was likely due to the difference in laws and such of what ppl in the UK could do vs ppl in the US. So basically we had the same title and same general duties but those in the US had more responsibilities than our counterparts in UK. This may not apply to you but sharing my experience. The trade off was things like number of holidays which was a big difference. US could get overtime while UK revived days off.
That’s a bit of a tricky spot, which I’m sure many are familiar with. From what I’ve experienced, when there’s a large discrepancy between market value and personal salary, it’s almost always impossible to negotiate to the level you’re aiming for without moving to a new company. You can ask for the higher rate, or if you're comfortable, maybe one that’s even more in the median between your ideal range and what you have. With this request, I’d suggest building your argument with substantial evidence as to why you’re deserving of the rate.
The worst they can say is no and not entertain your request, which I would think then confirms your next step — perhaps it’s time to move on to greener pastures. 🤑
If you are paid fairly for your local market, then I would not bring that point up ( ie don’t even compare the US market vs UK market and get into a discussion of what it costs to run a biz in UK and other topics). Instead focus on your value to the company and how you are uniquely positioned to contribute with your placement eg: greater coverage hours , answering queries at early hours or other objective measures. Bring data, show progress . IDK how your company runs, but either they clearly see your value, validated by metrics or you move on to greener pastures.
Thank you for your answers
There is a huge difference in term of benefits and salary with the US for instance private healthcare benefits they have access to plus dental, we only have unlimited PTO and a small coverage for private healthcare.
The practice lead (VP level) also mentioned that a discussion need to happen now that everyone works remotely as some people still benefit from higher rates because they use to be located in an expensive market.
Even I’m paid fairly for the UK market I believe this is still a valid point to bring.
I only been there for under a year but appart from the salary I never been happier in a job so I wouldn’t move just yet.