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Y'all were too quick to judge
Larsen & Toubro Infotech Hello Fishes,
Need few valuable suggestions on below situation.
One guy A joined as a fresher in Wipro for 3.5LPA(been 3 months around, no project allocated yet),
And then an offer was in pipeline with Y and finally received an offer with 5LPA and the role is related to cyber security.
Note: pf account is already created by wipro and Y is a good mnc though Any suggestions on how to handle this situation?
Thanks in advance
Tata Consultancy Infosys Wipro Larsen & Toubro Infotech Capgemini
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It's not controversial IMO. Everyone should be evaluating the entire comp package when they receive an offer, not just base + bonus (if applicable). A $100k salary that forces you to pay $15k out of pocket to get your own health insurance is obviously a worse deal than $90k with full benefits covered.
This isn’t controversial. As someone in a benefits role, I would much prefer a high comp amount. But if benefits are important - you should ask to see the coverage documents.
Unlimited PTO is nice, but you usually end up taking less. What is the premium split or is it fully employer paid?
Benefits are usually 20-30% of total comp as part of the mix - but this is heavily influenced by coverage levels, benefits offered and premium splits.
Unlimited PTO is actually a huge red flag to me. I have been burned on this concept before. However, I do look at the entire benefits package as part of my compensation. If the employer is covering the cost of health insurance that goes a long way.
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I think it really depends what your financial situation is. If you have a high amount of put goings ots better to have the salary. However, if it's a benefit you're really going to use and may even have paid out for anyway it might sway it. Depends on the individuals situation.
Age, general health, and having dependents can greatly change how you'll get the most out of your total comp. Got young daredevil kids who are always getting injured? Got a chronic illness that requires regular dr appointments? Need to catch up on your retirement investing for a few years? All of those benefits could take presedence over take-home pay if your COL is stable. Probably not forever, but do the math as best you can to figure out if it's worth it.