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Anonymous User
Hello ZSers,
I have been shortlisted for AC role and my HR discussion is scheduled next week.
1. Need some insights on the maximum and minimum ctc (fixed and variable) that can be offered for 3 yoe (all relevant) . My current ctc is 7.2 (6.5 fixed) . Tech stack - Big data and AWS developer.
2. Is there any joining bonus. If yes , what should be the ask.
Any inputs will be very helpful for me to go with my expectations to the HR. Thanks!
ZS Associates
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Chief
I feel this. It worked out really well for me, but I learned some solid survival skills along the way.
Pro
I don’t actually know if the last 9 years has really spoiled everyone. There’s an entire generation who is shifting life milestones (marriage, first child, first home purchase etc) because for the first time, most of an entire generation can’t afford a house, spouse and 2.5 children.
The money grubbing we’re seeing is likely just trying to claw back an affordability that was afforded to other generations, including (fingers crossed) the one that will follow. Millennials make up the highest generational percentage of the work force as of 2016, so the desire for more income in their peak earning years as life that was affordable for previous generations becomes more expensive and out of reach...they have to.
Two recessions in the first decade of their careers, elimination of most company pensions by the time they hit the workforce, skepticism that SS won’t be there when they retire, and a cost of education proportionally incredible compared to previous generations... please give them a 5% raise if they work hard. Inflation+a little extra is a drop in the bucket.
Pro
SA1 it’s % of total net worth, which is a little harder to think about. Here’s the same data, but is a « by age » which is an easier apples to apples way to think about this rather than a ratio/time/growth projection.
https://www.washingtonpost.com/business/2019/12/03/precariousness-modern-young-adulthood-one-chart/?outputType=amp
Bruh, why would you stay in a job with no raise or bonus for 10 years, Stockholm syndrome?
And that was 2 jobs. Not all years in one job. I think the last 9 years have spoiled all of us to a degree.
Really disingenuous to say that the last 9 years have spoiled us, because as someone who graduated in 2009 and couldn’t find a job for almost 2 years I still feel like I haven’t caught up to where I should be.
And considering almost every post mortem of the 08’ recession has said that my generation has accumulated less wealth than our parents generation did at the same age, and that the 08’ recession is directly to blame (alongside the proportionately exponentially higher cost of college, the higher cost of rent, etc), I know I’m not alone.
I honestly feel like I was just starting to get to a more comfortable, higher standard of living, and for the last 6 months I’ve been freaked out that I could lose my job at any minute, on top of which I’m it getting any kind of raise and a much smaller than I planned for bonus this year.
Just feels super shitty that this is the 3rd major recession that I can remember in the last 20 years, and I’m in my early 30s.
Pro
Booz, I’ve taken one. I’ve also taken logic courses. You’re incorrect. (And if you are correct, surely you’d have a source to support that claim. Please provide whatever fallacy you’re thinking of so I can explain why it doesn’t apply to what I did if you’d like.)
Good luck to us all....
This is the problem with generation gap. Older generation making it seem like things have to be the way things were for them when the times and context are completely different. If you didn’t get a raise for a combination of 9 years, that sucks to be you. Especially if the organization was generating a profit those 9 years and chose to invest in stock buybacks or technology instead of their human capital. That is nothing for someone to try to emulate. That last nine years are also marked with the entrance of the millennials into the workforce who has made it known that if organizations do not pay then, they will leave. That is a reflection of boundaries being set and industries actually adjusting the change in their demographics. You need to keep up to stay competitive. Why are millennials ask for money? Because millennials are neck deep in student loan debt and a dollar that doesn’t expand much. The lack of the ability in the 30s not to buy a house was not nearly as common place previously as it is now. Millennials joined the workforce in 2008 and are now in this 2020 global pandemic environment— surviving. You pick up those skills when you need to survive when the situation occurs— which is what is going on right now. Which is why millennials blew up the side hustle culture and we now have a gig economy — a economy so big congress has to address it in the stimulus package earlier in the year. So people have been surviving freelancing more often, driving ubers, placing air b&bs, selling their things on eBay and poshmark, blogging and a lot more—- to survive. The exact skills you somehow think is missing.
Pro
Agreed, a lot of people are weak.
However, no raise no promotion for 10 years is pretty insane. You probably could’ve left for a raise
Pro
Oh got it, makes more sense now.