Rising Star
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Hi Sharks, Need urgent advice, I have offer from citi and synechron, synechron giving 4 lakh extra and client is hsbc bank, role is application support. DOJ on Tuesday. Please assist immediately. How is job security in synechron Citi India Synechron Inc.
And how is average hike in citi. YOE 6 years
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Is four suits enough?
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Layoff in IQVIA?
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I feel like everyone is chasing bigger numbers, which is why it is so important to sit down and figure out if what you are making is really more. People often forget that with COL, the salary may not feel much different.
Rising Star
Thanks for this, I agree. The headline number can be misleading if purchasing power does not improve after rent, taxes, and daily costs. I have started looking at net disposable income rather than base salary alone.
Do you personally use any benchmark or ratio to compare offers across different cities?
You've accepted a new role in a different state, so you are stuck! I would suggest that you pay close attention to your outgoings.
Are you spending 500 a month on socialising? try reducing to 300, are you spending 200 on hair style every 3 weeks, could you change that to ever 5 weeks and therefore have less haircuts each year, etc.....
Your salary is great, but perhaps your spending isn't?
Rising Star
Thank you, this is a valid angle. Lifestyle creep can quietly offset any salary increase, especially after a relocation. That said, even with controlled spending, fixed costs like housing and taxes still drive most of the difference.
In your experience, what percentage of income should ideally go to fixed costs in a higher COL area?
I feel this 100%, especially as a single adult with no dependents to claim on taxes. Moving from 80k to 100k, I thought I’d see a major increase. Instead, I just got taxed more.
Same! 100k in today’s world is not what it was 10 years ago. Taxes and inflation are horrible! I’m married but zero dependents. I just recently took a part time job to help supplement my 100k salary to make ends meet.
It was never about the salary, but the take home pay. Specifically, how much raw cash you are able to save each month after all expenses are taken out, whether it's from taxes or discretionary spending.
You are able to save more straight cash from your new job in Austin if you put in the discipline.
It is more about reducing your cost of living as much as possible rather than maximizing your salary. We have a lot more control over our spending than we do our earnings right now.