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My dad's a senior software architect getting 35 lpa for 18 years work experience in cognizant. His tech stack is AEM and he has worked on angular and Java Projects as well. Since he is getting underpaid a lot ... Hopefully someone can refer him Adobe or some product companies. Even service company with good pay also is acceptable
What is Hike percentage in CGI?@ CGI
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Most times in my experience it doesn't work and it's better to just look for a new job and ask for a 15%-20% raise or internal promotion for less of an increase.
Approaches like that are generally doomed. If you really can't live on what you're making, moving on may be the best option. It's generally easier to get a wage increase arriving as a new employee than someone would as a long term employee. There's even a name for that scenario: wage inversion.
Your company knows exactly what they’re doing and they’re not going to be swayed. Time to start looking for new opportunities
It’s not inflation that your salary needs to mirror. It’s cost of living adjustments. (COLA). A different number.
As a full time employee, if you get rental assistance either as an allowance or as a part of your base pay (if not sure, consult your HR at the company) then ask to increase either the rental allowance portion out of the salary or ask for that much increase in the base pay itself.
You reserve every right to ask for a salary increase, not just to keep up with the inflation but also for choosing to work for a company through thick & thin.
I’d say start with setting up a meeting with the HR to understand how your current compensation is split up- then share your ideas on what part of your compensation could be increased- since there’s taxable and non-taxable allowances that the employer always wants to benefit on, they’d only be interested to increase the non taxable component most of the times.
For negotiating on salary increase, however, first meet with your manager and get their approval in writing, then show this to the HR and hopefully they will follow up with your manager and so on.
In case none of this seems suitable to you at your current place of work, then it’s time to switch up jobs for a moderate hike of 30-45 percent or in case you have the benefit of working on projects such as IT infrastructure projects then you can go for a ‘project based role’ where the hiring is only for the duration of the project, in such a case your salary overall is pretty high to begin with. Like if you’re making 100K annually right now, in a project based hiring, you’d be making let’s say 230K! But then you’d have to be ready to quit and move on once the project ends and the company cannot pay you that salary anymore.
A project may take a year or longer to finish so i think it is fair to assume it’s fine!