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If more than 100% hike on current ctc then no point staying back. 30 LPA is a very good CTC and that too in product based.
Chief
Initiating a Canadian Work Permit is not equal to getting a Canadian Work Permit. Though chances are way more than getting H1B, still there is a strange policy that Canada CIC follows which is called - "Attorney's random rejection". If your file is picked up in this random rejection, you won't be given a visa.
Now coming to the second part. Getting the Visa takes around 3-5 months. If you even get a visa, there is no gurantee of travel. Because there are already people sitting at onsite who can do your job. So company won't even bother to send you. You have to run from pillar to post to get an opportunity, give interview, get selected and then travel.
Finally, if your company or manager had to send you to onsite, they wouldn't have been waiting for your resignation. This is just a common trap my friend. Don't fall for it.
PS: I am a Canadian Work Permit holder but couldn't travel to Canada as my management wanted to utilize the resources in bench there rather than spending money on my travel. I am moving out with a great hike.
At our firm, onshore billing rates are approximately 2.5 times the offshore ones. And the expenditure for onshore is approx 5 times the offshore. If we assume 40% margin on average, that means an onshore resource is generating roughly 250% of offshore gross margins.
But thinking from client's perspective, offshore resources being more tech-savy, and lack of appropriate work timing regulations, offshore resources are indeed 4-5 times more cost effective than having an onshore resource in tech projects.
Thanks to all Fishes for valuable suggestions. After considering all facts I have decided to join new company.
Thanks
Rising Star
Another lighter note- our brains are already drained, by staying here too we mostly work for them only directly/indirectly.
Hi All,
Thanks all for suggestions. I have decided to stay back in India. I have joined Cerner today
Chief
Correct decision and all the best👍
Was about to say this. If you are earning 30LPA , no need to move abroad. With higher cost of living and less packages from WITCH companies, savings are better in India. You do not need to acclimatize to new country and weather. No need to spend 18+ hours to visit home and no hassles of visa pressure. If you are going to get 120K CAD, you can opt for it.
Faced the same with Wipro. My YoE at that time was 5.5 years.
I was getting 110% hike outside and Wipro was promising just 20% hike and an H1B/Australia/Any European country visa to retain.
I didn't stay because by that time I was well aware of the fake promises that managers make to retain you.
Also if they would have went ahead genuinely for sending me onsite, it would've taken months and I would be getting half the salary that I got in my new organization for all those months.
If you are getting good hike (50+%) then don't stay at Wipro.
You will save significantly more in india. With Canada work permit you can’t switch to higher salary and Wipro pays very less in Canada. Canada work permit takes up to 30 weeks to process. Just take the offer and leave.
Exactly a similar scenario to me... But I chose to move out because my priority was to be in India as of now.
Maybe you can also decide based on your priority but the onsite visa process takes time..you have to bear with it and also ask about your onsite salary structure.
Happy to see so many valuable comments 😊 Just to add on those many organisations are offering onsite opportunities as retention lollipop, so make sure you have that in writing with Senior Manager in copy.
Chief
Yes getting a visa and actually getting to travel and earn are two different things
If this was H1B for sure onsite opportunity would be there but Canadian visas are easy to get and wages aren’t that good
With 30 LPA in india , to have a similar lifestyle one should get 100k cad +
I would suggest to think by yourself first and get the project name and location first from ur manager to check the compensation amount for Canada via my financials. Once u have the amount u will be able to calculate how much u will be getting and how much u will be saving if u travel to Cnada because the compensation amount depend upon ur current salary. So better to check with someone who is already there regarding expenses. After that decide whether u want to travel or want to switch.
Chief
YOE?
Chief
In notice period i believe you’ll get more
Unless Canadian salary is good post taxes stay in current else move on
After working in one highly developed country for 7 years with good pay and other facilities like half price accommodation, free schooling for 2 kids, I returned back to India for 28lac per annum.
Because expenses in those countries are accordingly and there will be a minute difference in ur saving, if any.
I ll say to stay at 30lpa on India.
If money is less concern and you just want the foreign exposure and fun, then u can plan.
Again please be careful it's just Canada, which is not difficult to go by your own itself and your company is just initiating things.. there are always, project delays, project cancellations, Billings reduced excuses in companies.
30 lac in India is as good as 70 in US/Canada
guys what I ment is 30 lacks INR in India is equivalent to 70 lacks INR in US/Canada.
Just get the hell out man. Only fools re main after resigning hoping for onsite. Just take the offer from product company and leave.
Hi I would say if you are planning to stay in your current company then please take this Canada thing in written... Because most of times managers will say that the project went on hold afterwards and many other things
And can I ask your YOE
10.3
What is your skillset, current ctc or % hike ?
Spring Boot Microservices Kafka AWS Cloud Native with 12factor app Implementation
CCTC 16
Offered CTC as of now 30LPA
Dont stay back. 30LPA in India, you will be able to save more than Canada(if it happens). Although quality of life will be better in Canada, but again, you cant rely verbal communication, unless you have visa in hand.
With 30lkpa it's better to stay here rather than Canada onsite. U will earn more r less the same there.
Rising Star
Canada visa has been only initiated, it is not final right? What is the salary hike you have got from the current salary is what matters. There are a lot of ifs and buts in the Canada visa thing. If your salary jump is significant, move. But if you have aspirations of international experience and plans to move to Canada, then you need to be absolutely sure that the manager is not bluffing around. But currently India salaries are coming up to international standards, so the 30lacs equivalent for Canada is $100,000. Are you going to be paid that much in Canada?
Take the hike and go to the product based company , period .