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Hi All,
Please guide do Joining Cognizant on Contractual role is worthy or not?
Current Situation - due to bgv not completing as one of my company as per CTS is black listed so they changed my hiring from permanent to contractual role.
Please guide as I have no knowledge of contractual roles. 🙏
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What is currently salary trend in Risk management domain ( model development/ validation) in banks or big 4 or consulting firm in india . . Please mention your YOE and salary ( fixed + bonus) Citi Accenture Tata Consultancy Deloitte EY PwC KPMG Deutsche Bank Credit Suisse Morgan Stanley JPMorgan Chase UBS ANZ Wells Fargo HSBC
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Can someone please provide infosys hr details? Orif someone from infosys hr team, please respond back .. It seems @infosyshr i got a call from has resigned, i am unable to call hr on the call received number / seems mail also failing. I got offer negotiation call and also agreed upon and awaiting call letter since a month now. Infosys
Any news on mid year hike for coming jan ??
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What is a good salary for a director in NY?
I was just offered a CUNY role. The title is Higher Education Assistant. According to Glassdoor, the average annual pay for that role is $83,418. However, I was offered $62,500. I requested for the minimum annual salary to be 75k. Does anyone have experience navigating the CUNY system and their pay?
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That is so out of touch. Cost of living has changed so much, and $58k does not stretch like it used to. Honestly, I would start quietly looking for a new role while you still have this one. A boss who laughs at a raise request is not someone who is going to invest in you.
". . .Invest in you." He probably won't, you're right, and thank you for being supportive.
You should not be asking for a raise “since your salary isn’t keeping up with the cost of living.” If you’re asking for a raise, it should be because you’re providing more value to the company in some way. Because you’ve grown your skills, because you’ve exceeded the expectations they had for you when you were hired, because your responsibilities have changed, because of something else. When costs increase for you due to inflation, they increase for the company as well.
Median household income in Memphis is $51k. For “non-families” (single people living alone or with others) is $38k (according to worldpopulationreview.com, which I know nothing about). So that would indicate that $58k is, in fact, more than enough to live on. But you might have to find a different place to rent, or get some roommates.
Others have said he isn’t qualified to say what you can live on. That’s true - but OP brought it up. If you bring up your personal finances in a conversation with your boss, then he’s entitled to tell you his opinion. Keep it professional. Don’t talk about your personal finances; talk about your value to the company.
Yeah, I was gonna say, 58g in Memphis is pretty do-able, then again it depends on what the job is, education, training- but as far as keeping up with the cost of living, 58g is more than most teachers make in larger more expensive cities- not saying it's right, but...
Find a job that pays better and has better benefits look into a custodian position working for the state
Look up the living wage calculator from MIT. Always strive to show, not tell, when you are discussing anything.
Wow... so sorry he's a jerk and laughs at your real concern like that.
New job. I hate to say it, but he sounds like he was a very condescending jerk... and if someone like that is your boss, don't expect much positive change.
why dont you start looking or applying to other jobs and having an estimate in mind of how much you need to live, ask for that in the negotiation of your salary
Look for a new job - He doesn't appreciate your talents,
My advice is this - never stay with a company for more than two years especially if you do not like it. Always be on the lookout for better opportunities and always be applying for those dream roles. Get certified in a field that you like. Always learn and add to your knowledge. Otherwise, you stay stuck in a rut.
Sometimes companies also say they have no money to give raises
I’m sure there are people that struggle to get by on less. That isn’t the OP’s problem and isn’t relevant to the discussion at hand. I’m not trying to come off as insensitive but she needs to focus on her issue.
The OP needs to understand that the one thing she needs to be clear in speaking with her manager is that she knows what she’s worth and she’s after being paid a wage/salary that is more in line with her worth than what she is currently receiving.
She needs to research what people of her role and career duration are making and she where she falls. She should also look into anything she can do to level up such as, training, learning how to do someone else’s duties so she’s more valuable. This will justify her request for more money no matter what her boss thinks.
Look for a beeter paying job! That's what I'm in the process of doing! Leave your boss high and dry!
Find another job
Your next move is to update your resume and start looking for another job, A boss who treats you like that is not worth working for, It is time to move on as difficult as it might be. I have spent way too much time at jobs I should have left because of bosses like that.
Move on!!!!!
If you don't it will only get worse. Make a plan to leave and do it.
I believe that the salary should follow at least the inflation on the region you live in, this Is not and should not be considered a raise it’s minimising the depreciation of the salary.
(Usually the oficial inflation index is lower than what we actually fell when living)
And in your place honestly I would simply try to find a new place
Update resume and skills and start job hunting from home on off hours. Relocate if necessary. Time to move on.
Get a new job! Same thing goes on at the Huntsville Hospital in Alabama: no one EVER receives more than a 2% raise, which is a hospital-wide policy (no one tells you this when they hire you, NOR do they let you know this at the yearly "merit" reviews). New pople always make more than trained employees. We have to quit, then come back a year or two later just to break even with inflation.
Whether or not you can live on 58,000 is not your bosses concern, Your request for more money should be based on performance. If you are valued, your salary will be competitive or you will leave. It is not as simple as it sounds but you will have a good outcome regardless of what your boss does.
The email to your supervisor needs to go something like this:
I am writing to request a meeting to discuss my current compensation in light of the value I bring to our organization. Over the past [duration], I have taken on increased responsibilities and consistently delivered results that have positively impacted our team and company outcomes. Specific contributions such as [briefly mention key achievements or projects] underscore my commitment to excellence and the substantial level of impact my work has had on our success.
Given the expanded scope of my responsibilities and the significant value I provide, I believe it is appropriate to review my compensation to ensure it aligns with my contributions to the organization. While I remain dedicated to our collective success, it is important that my role and compensation reflect my ongoing commitment and performance. If we are unable to reach an adjustment that appropriately recognizes this value, I will need to carefully consider my future with the company.
I would appreciate the opportunity to discuss this matter further at a time that is convenient for you. PERIOD
Quit
I used to live in Memphis about 15 years ago and barely scraped by while making slightly less than that per year. Perhaps if your boss is the analytical type, you could put together a quick data-driven fact sheet about the COL? If he's not, then maybe it's worth it to shop around for better offers in your field.
I have several suggestions:
(1), Look within the company for a higher paying job;
(2), If feasible, work more by doing overtime;
(3).Use tuition refund to help pay for a new related skill within the company; and,
(4), Highlight your successes and send your upgraded resume to other Customer Success Manager roles that pay more where your skills are transferable skill.
That's insane. I'm sorry.