Related Posts
Hi Guys...
I have a total of 5.5 years of experience with current CTC as 11.5 lpa.
I have a offer from Infosys of 17 lpa
But my company wants to retain me and they are giving me an opportunity for Canada onsite in return of retention(no raise or bonus)
Please suggest me, if i should take the onsite opportunity or keep looking for counter on my current offer.
I have 70 days of Notice Period left.
Tech stack- python/ AWS/ data engineeringDeloitte
Pro
BNY Mellon technology specific questions -
#0 How much max salary for grade K ?
#1 How long does it take to promote in bny from grade K to L ?
#2 Any specific criteria for promotion? Expr , certification etc...?
#3 How much % hike to expect post promotion ?
Skills- Java, microservices,react, cloud
HSBC India JPMorgan Chase BNY Mellon | Pershing Citi BNY Mellon UBS Citi Allstate BNY Mellon | Pershing BNY Mellon Corporation HSBC India Citi
More Posts
FCB Health? Thoughts?
Community Builder
I have some doubt regarding pf contribution... Say for example.. 12% of my base salary is 600 which gets deducted from my salary.. on the flip side.. the company has to contribute 600 to my pf (which is actually deducted from my salary only like already part of CTC)?. So my question again is that.. the company contributes 600 as well? PwC
Additional Posts in Tech
Pro
New to Fishbowl?
unlock all discussions on Fishbowl.
Rising Star
Companies pay what a given role is worth to the company. They have zero (0) concern for what the employee does with that income. Inflation is one example, as is the mortgage rate, or housing in general. Go interview for a new job and tell them that your mortgage is X so you need Y, and see how that works out for you.
Many people have lost their jobs instead.
Rising Star
Raises have never met inflation. Used to be the only way to "catch up" was to hop jobs, but now even that seems impossible due to the market :(
Chief
Comp raises are not related to inflation rate. Did you get pay cut or 0% when inflation goes down ? How is it pay cut ?
That is an absurd theory everyone follows. Nobody ever mapped comp to inflation in a white collar job. Otherwise nobody would’ve gotten any raise between 2009-2020, but they did. They got 10-20% raise because job market was great. When did we have a 10% inflation ?
You can jump company if you think you are being underpaid for your role. And figure out the market rate for the role .
Chief
Inflation rate is NOT associated with comp rate. If it was 0%-1% for a decade, you should’ve not gotten any raise. But you did, and sometimes 10-20%. One year of that should put you ahead for decades when it comes to any inflation raises
Someone making 60 K gets hit by inflation more than someone making 120K. Someone renting may get more impacted by someone with a home. Point being, it’s basic economics…making a case for pay raise based on inflation rate is nonsensical. So what exactly is OP saying here ? The current increase is primarily due to gas prices- why should they get 4% across the board ? What if they own an electric car? Guess what happens when everyone is given 4% raise to match inflation ? Inflation goes up
Read again- logically if you expect your pay raise tied to inflation going up , you should expect pay cut tied to inflation going down. You should get 0% if there is no inflation and you should get a pay cut if it is deflation. Interest rates have gone down , you can get a loan for cheaper compared to 2023. So yes, that has gone down. And that contributes to overall inflation number. So you should take a cut. That’s the point here.
Learn the basics and then negotiate based on how your role and your industry is doing. Making inflation related statement is easy but incredibly uninformed
In case you aren't aware.... lots of people in tech have been laid off and are unable to get work. People who had not just "meets expectations" (which is what your review sounds like), but people who had "outstanding" or "high performer".
Now that so many people are unemployed and looking for work, they'll lower salaries because if you leave your easily replaceable. As long as so many people are unemployed, I'm surprised they gave raises at all..... as they don't have to.... and as greedy as current CEO's are.... I'd expect no raises moving forward and only salary increases for promotions unless you are one of the few their care about losing.
Yes this is very common. It’s basically a frozen wage situation despite what is going on in the economy. I guess you can look at it as at least you got something. But yes, it’s a slap in the face to everyone watching our purchase power diminish! Sad when the rebuttal is often “at least you have a job!”
Thats normal. The only way to get a real raise is to quit and jump to another company, that will give you a 15-20% raise.
Inflation ruins EVERYTHING.