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(I have recently joined IQVIA bangalore. I will receive my first month salary on 25th this month. Payroll portal got just created for me. So, I opened.)
In my reports -> My current CTC section. It has details of Current annual & Monthly AGS. My question is what is AGS? It is showing half of my CTC. Should I raise this to HR or it is just something else. And where can we get the actual CTC reflection? Pls help. Thanks in advance.
Hi Folks, I have recently joined Thoughtworks as applicable developer consultant. Currently I am having 2.7 year of experience. Just curious to know following information 1. Hike cycle and average hike percentage 2. Criteria for promotion to senior consultant 3. Average Hike percentage during promotion
Thank in advance for the reply ☺️
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Not about Amazon but maybe someone has the answer I’m looking for :) At Meta if you interview for a contract role and get rejected does the 6 month cool off period still apply to you when apply to new jobs? Similarly, if you are employed by a staffing agency at Meta are you barred from interviewing for other roles there? Facebook (Meta)
Any CDD / M&A Strategy fish willing to chat?
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How is the Sheraton in Hong Kong?
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I don't think it's that companies don't reward and promote people. It's not that they are paying new people more than existing, it's that existing employees often find other opportunities that will pay them more. Most organizations are fairly flat. Not always the upward trajectory available.
Most good people have the ability to get at least 15% more by jumping to a new place at any given point once they have some track record. For some it is a lot more. This is because to get a good person away from their current employer the other firm needs to pay a premium. The downside of moving is going to a place with less known culture and opportunities and leaving the relationship / reputation capital you have built up at the old firm.
I don’t like the term loyal for the employer / employee relationship. This isn’t your spouse, it’s a mutually beneficial relationship. I have been at my firm a long time and it provides a great mix of professional satisfaction, comp, culture, WL balance, but if it any point it wasn’t mutually beneficial, it would need to change or the relationship would end. I do agree that in the near term people who jump ship can make a bit more, but it balances out fairly quickly.
Hi HR. I thought this person might be trolling but HR isn’t known for its brains.
So, in order to get a person to move from a company the second (receiving) company has to entice the person. This is often done with higher pay.
If you just stay in the job, you might get a few percent per year and perhaps a promotion. When a person is promoted there is a cap on how much more they can get. A regular wage increase will be around 2% with 5% being high. For a promotion it cam he 10%. Yes, moving from Manager to Senior Manager can het you more than 10% but I’m answering generally.
Firms will put restrictions on wage increases for staff but won’t when it comes to recruiting outside staff.
Let’s do what HR can’t, okay that needs to be narrowed down, so let’s call it think and math. Assuming a 2% raise the. After 10 years of compounding you’d earn about 21.8% more, the portion beyond 20% is due to compounding. Let’s call this option 1. For the second option assume that the person changes jobs every 5th year, at the end of 10 years you’d be at about the same, this assumes that the person does not get an annual increase. If we had instead said a 20% increase on switching jobs then the person who switched would earn more. It’s also very unlikely that a person would only get 10% more on switching jobs, usually it’s more.
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All emails about retiring partners will disagree with your opinion. Most retiring partners have usually been with their firm for 30 or so years. At least that is true in my firm
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I agree. Times are different too. I do know people in late 30s and early 40s who made partners and most of them joined the firm as interns or associates. But you are not wrong either
Jumping can work when companies are actively hiring. However, there are risks in doing so as well, especially when the economy is not as hot as it was a few years back.