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Overall, job security is very high unless there is any behavioural complaint or unable to do assignments. Most projects are financially stable and SE hire only when required - be it contractual/permanent. Lot of performers from contract mode gets opportunities to convert as permanent (*condition applies) staff.
Job security and WLB is very good. Unless they want to leave, SE won't remove people
You will get more benefits like WESOP...
But don't hesitate to ask for good salary. Salary hike % is very much less.
What is the general AVG hike percentage