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Hi folks, I have recently joined Publicis Sapient taking an offer of 14.4 LPA. I have total 4.5 years of experience and my previous CTC was around 3.4 LPA. I had various offers in hand but not one to counter this one and PS is providing me 4x+, so I couldn't negotiate much.
Another thing is I was an immediate joiner as I had left my previous organisation 3 months ago so I couldn't wait to think about this offer.
But now I think it's low, what do you think please let me know and suggest.
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I would advice you to think about your needs and then go. If some one is running behind salary , then that doesn't mean that you also need to run.
And there is no hard and fast rule like you should not select first company or second company. What if your first company is Google ?
My short story.
1 - I worked in my first company DXC for 8 years. In 8 years i got 2 years onsite to UK. Had very good work life balance from day 1 till my last day. No work pressure at all. While leaving in 2019 my Salary was 10 LPA. The reason i left is for new opportunities and not for money
2 - I got an offer for 15 LPA which is my only offer. In 2018 job market was not as booming as now. Even that time i got 50% hike. Im now with my second company CTS for close to 4 years and earning 24 LPA. Even here i went for 6 montjs onsite once . I have very good work life balance here too.
Since i got good WLB , i am spending good amount of time with my family. My life is going good. Also 24 LPA is not less. I know there are people who will say 24 LPA is less but my priority is not to rush and go for too high salary now instead i would like to spend more time with my 6 months old infant and with my parents who are all 60+.
So i would advice you to keep your priorities first and then go for that.
Seriously, it's a task, just try and get to know the average salary being paid for that company, for that post and the hike given annually. Next keep the values like 5,10,15,20,25,30% of your previous salary calculated and write it down so that when your new salary is told, you can immediately look which category it falls into and negotiate further.
Mostly by keeping these values and being open to proper negotiation might help you. I have 2YOE in my 3rd company. There are many more experienced people, who can give you even better insight.
I agree on never accepting the first offer. Do your research first and know what you are up against too.
What is the first offer is from Amazon or Google and their budget is fixed ?
1.Always do research on pay in that particular company. You can go through Glassdoor or Ambitionbox for that. This gives you an estimate.
2. When the HR asks for your expected salary, never give a number. Try to get the number which the company is ready to pay and then negotiate.
3. Never accept the first offer which HR gives you. Try to negotiate atleast by 10-15% of the offered package.
I like to research industry averages and use Glassdoor to check out salaries specific to the company I'm negotiating with. Remember that your time is valuable and you deserve to be properly compensated. Speak confidently about the salary you NEED (I always say want but I have a big family so really it's a need) and communicate transparently with them. If they really value you as a candidate, they'll meet your expectations. That's what I've found in the past. Good luck!
Be confident and have evidence (qualitative and quantitative) for why you should get an increase!