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Hi fishes, I have offers from UKG and Snap on Business solutions. Ukg is offering _16.8 CTC and Snap on is ready to give - 18 Which organization should i join? I am more inclined towards UKG as it is a product based and wlb seems better.
YoE- 3yrs
Tech - Java Springboot sql
UKG Infosys Tata Consultancy Accenture
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Ratios don't matter, as long as you are happy with what you earn.
Right
I am joining a company at 12LPA with 3.5 yoe. I was okay with it earlier but it has become a nightmare as I am constantly being bombarded with questions by my friends and relatives on why I couldn't get higher package and why I accepted offer at this package. I tried my best but this is what I got😿.
At 3.5 years I was making 4.1 LPA
If u are average 3 to 3.5
If u are good and upto date with skills 4 to 4.5
If u are from Teir 1 college 5 to 5.5
Below this u are underpaid
Arey ghanta, Forget tier 1 , I have done plain three years graduation from a very very unknown college and earning 5X of my experience. Only skills matters and how much demand your skills have in the market.
Ideal is 1:100 if you are skilled then 1:200 is normal less than 1:100 means you are not skilled enough to bargain so leave IT and start your own company
Bhai Mera chinta mat karo duniya esa hai kab kiska number ayega koi guarantee nahi...u too take care
Chief
There is no ideal ratio....it depends on the demand and supply and ur bargaining skills....there is no fixed rate like x yrs of exp- y amount of salary...it's highly variable and depends on the candidate,company,current market scenario
That's right. It is always best to be updated with the industry.
Yoe to salary ratio tends to decrease with increasing yoe, meaning a fresh grad or a 2/3 yoe guy can have salary in a ratio of up to 1:6 to 1:8 but if we talk about more than 5 yoe than 1:3 ratio is good 1:4 is great, 1:2 has now become outdated post Covid.
I don’t agree on this
At 3 years exp I was earning 6 LPA.. I was so happy with my salary. Now I have around 8 yoe and earning 45 LPA, still thinking to switch to earn more. With age your need and commitment increases so ratio doesn’t matter .. your pay will make you happy based on your need, commitments and family situation
Maybe instead of ratio, try to figure out how much people are getting in the your field. Maybe talk to some seniors, to whom you can discuss about CTC.
Anyways you always have fishbowl, so probably you can ask here too.
Once you know the number, try to get as close as you can or try to even exceed it. Don't get stuck in ratios
I have experience of 3 year and have 12lpa , I believe 4:1 in my case.
Yup, you have a decent earning.
There are no such ratio, it's upto you and you alone
YoE : CTC (Ratio)
0: 3.2
1: 3.8 (3.8)
2: 4.2 (2)
3: 9 (3) Switch
4: 13 (3)
5: 16 (3)
6: 23 (~4)
6.5: 37.2 (6) Switch
Currently getting calls for CTC which will easily push this ratio beyond 7.5 but ignoring as i have recently switched few months back.
Also my college is tier 3 may be even tier 4 if such thing exists.
In my opinion the packages depends on several factors
Edit#
Your college
Your past CTC
Position you are holding or applying for
Organisation you are in or applying for
Geographical location
Skill level
Demand of skill set in market
Etc etc etc
Above all CTC is not everything in my opinion overall happiness and job satisfaction is paramount.
I never switched for money every switch happened when i felt thr current work is not good enough for me or i am getting too soft 😜
37 from 23 .... Nice
Well it all depends on the candidate. Here Skills to Experience ratio should be considered as well.
Right
Rising Star
1: 2 is the norm anything anove is simply great ..
I believe it's more about skills than the ratio,
If you don't have the necessary skills for the job you won't be able to either get 3:1 even
And if you have skills for the role then you can even surpass the 4:1 ratio that's what I believe.
Yes 👍
Thank you, everyone, for your valuable feedback, Most people have the same thoughts as me, in IT there is no limit to compensation for any range of experience given that you have the required skill to suit that profile and also to negotiate properly.
it varies from person to person as to what his priority is. One should not compromise mental health just to get a good raise.
Also, there is nothing to be disappointed about even if you are earning 1:1 as you never know when this ratio changes surprisingly. I have seen people with a 200-300% hike.
I am also earning 3.5 times of my experience but my focus is more towards learning and having good mental health.
We are discussing fixed only.. Don't count your inflated ctcs which have performance bonus, esop, jb, relocation, wfh allowance,Gratuity and what not
Thanks
Chief
Nothing like that.
Viewing CTCs as the only parameter for compensation is very old school and isn't an effective way to assess the situation here. I feel there are lot of factors such as location(varied living cost), leaves(indirectly are also part of the CTC), mental health(most important) and lastly how the opportunity allows you to grow as a better person both technically as well as individually.
So, try to don't mould your compensation in ratios with YOE as every individual has their own journey and comparision isn't right.
Totally agree
To be very honest there is no market standard ratio. It is completely depand upon your skills, education and experience. I have seen many examples in mnc like employee with the experience of 10 years is getting 5 lpa as ctc and another as fresher has joined on 6 lpa (subject to degree, college and work domain). To bhaishab paisa paisa mat kro thoda skill develope kro.
4 yoe and 34 ctc, it all depends on your skills.
5:1 would be ideal. 15 lpa for 3 years