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What will be the monthly inhand salary for this.

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External recruiters benefit more the higher your salary. See what he can do to increase it
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Granted, it’s a bit crappy, but if you got a quote for a job to be done you were expecting to pay 120 for but they quoted you 85, you’d probably take them at 85 too.
Reference the previous conversation that they said 120 was the base salary and have them push for that.