Related Posts
I have recently joined EY SaT group as senior consultant recently in Netherlands. I’m tripple masters in MS economics, MBA and MS business analytics. Have 4 YOE in different industries but no M&A experience specifically. Any ideas what company should be offering me? I’ll be working as expert on commercial due diligence, FDD and valuation teams and doing automation alongside. is it wise to demand higher salary or promotion soon after I have proven that I can work and do it better than most?EY
Say you’re an Assurance Senior 3 and want to transfer soon as you hit Manager back to your hometown office. Should you secure the manager promotion at your current office first or go ahead and initiate the transfer at S3? I’m scared that they won’t accept me over their current S3s and so I think the safer bet is to make manager first then transfer. Deloitte EY PwC
Also, how desperate are firms for Managers these days? I know seniors and staff are in demand but I rarely hear about Managers.
(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.
More Posts
Happy Weekend fellow dog lovers!
The star of family photos of course was Daysy 😄
Rising Star
Conversation Starter
Additional Posts in Salary Negotiations
Im not searching for a new job but an acquaintance reached out about a similar role at a similar energy company.Turns out 2 ppl threw my name in the hat. I looked into it and the position was posted 2 weeks ago.Their director wants to meet.I bet pay is one of the first things to be discussed so that no one’s time is wasted.Am I crazy for not wanting to entertain it for less than 20-25% base pay increase?Is it selfish to ask for more? I’m sure most salary conversations end in negotiation anyways?
New to Fishbowl?
unlock all discussions on Fishbowl.
It’s ridiculous. At the point where you get another job while still employed. In my 20 year career, the only time I ever got a substantial raise or a promotion was when I left (with a couple small exceptions). When will companies realize it’s so much more expensive to deal with hiring and turnover??
same time they realize it’s more economical to keep existing clients happy rather than spin thru R&D to get the next new client while lamenting that existing unhappy clients leave
Rule of thumb: 2 to 3 years - move up or move out. Stay in job search mode. Keep adding skills and credentials. Invest in yourself. Don't take the inflationary wage cut year after year.
Good luck finding another job you are lucky you got a raise …it a nightmare all around
ooph best of luck
Gone are the days where employees got a cost of living raise followed by a performance raise. I haven't got those since 2002. Back then my total raise ranged between 5% and 15%.
As a rule of thumb, I now change jobs every 3 years and ask for a 20% raise above what I am currently getting, if I am not getting appropriate raises for my current work.
You’re getting raises that’s great, I had 0% this year despite meets expectations.
Meets expectations rarely merits a raise. Shoot for exceeds
I would say shop around a bit and if you have any unique skills recruiters will find you, if you find a company that appreciates your contributions they'll reward you, I was actively recruited by the company I work for now and it's been the best move of my life, in 4 years I've gotten 8-15% base increases every year and 10-20% bonuses every year tied to company performance, good companies take care of their talent when they find it.
Lucky you, a lot of places are giving 0% these days
Start looking for a new job, and make sure your supervisor knows. When you are working your notice, your boss may give you a rise in line with your new job. If you want to stay, accept it; if not, go
Bear in mind your present employer has been undervaluing its workforce for years, and this may happen again in the future.
I got 0% this year …
I asked for a promotion and got fired 3 months later - well, laid off.
thats awful im sad to hear it!
What do you do if you've stayed in one place 15+ years and the company no longer gives you a raise ?
Start a fire?
Sounds weird that they don't pay attention to merit, unless it's unionized.
Most companies I'm familiar with have a basic annual raise assigned to your annual review score. Usual seems to be 2 - 4% depending on how high you're rated. But managers are always able to make merit recommendations on top of them, and there's usually bonuses tied to it if you get highest ratings.
Am searching for job am based on Nigeria am available to relocate
Once you've actually received a rock solid better job offer
This unfortunately is today’s job culture. My wife has been with a solid cosmetics company for 4 years. First few years 7-10% bonus/raises. Last year 2 % this year Zero. So, hindsight is be rewarded and happy you have a job. Excel at your job it will get noticed.
The biggest bumps are always when you leave. Not even when you are promoted. Always when you leave. And don't forget that you can leave and boomerang later at a higher level with higher pay. Good luck.
That's a normal baseline. If you want more prove you are worth more or go somewhere else. If I don't get a promotion of 3 years of obviously good contribution I leave for some company that appreciates what I offer. I am self aware. I know when I am not producing good work at a role and its usually because it turned out to be a terrible fit for what I bring to the table.
If you have started questioning if the annual merit raises are worth the time and effort, then it's time to start for a new role.
Many already look to change roles every 2-3 years to get that salary up higher, faster. If you are not changing roles every 3 years, then it's about time to look elsewhere.