I am pretty sure salaries aren’t affected as much as they’re in US. It’s just jobs are less, so bar is even higher or at least less favourable to less prestigious folks. You can just shave off 2-5L and that’s all the impact here afaik

Software Engineer

Hello fellow viners.   There was a huge hiring spree in second half of the pandemic, people got 100 percent and some cases with 200 percent salary hikes. People with 16 LPA got 35+ LPA salaries. Bu...

Hello fellow viners. 

There was a huge hiring spree in second half of the pandemic, people got 100 percent and some cases with 200 percent salary hikes. People with 16 LPA got 35+ LPA salaries. But now as things aren't going so well (Thanks to the US). And the companies laying off people, delaying salaries, and giving no hikes. How many of you are still getting those BIG paychecks?

PS. I didn't switch during that period, which I regret. Also, my company is not revising compensation this year.

Are you still getting Covid salaries?

Are you still getting Covid salaries?- Grapevine

Welcome to Indian Startups's Private Community

Almost 50% of the org got no increments
People with "exceeds" rating got single digit increments
Only promotion cases have got early to mid double digit increments
Promotions have been significantly fewer this time, max people have been told to hold off their expectations of promotions for another year

The reasons cited were economic slowdown, other companies like Microsoft, Flipkart, swiggy, Amazon doing the same and cost cutting. I think things are getting toxic and the majority of employees have been left disappointed.

Razorpay increments - sad state

Founder

Hi Viners,
My elder brother who used to work in strategy got laid off in July. He had a fixed pay of 35 and total CTC of 42. ( 2 lakh annual esops, 5 lakh variable). He has a pretty good runway and not worried about the finances since currently at home and no rent/ other metro city expenses. He has been working as an external consultant since December and making 3 lakh per month as fees.

Yesterday he received an full time offer from a startup with Fixed pay 32, 1 lakh retention, 1 lakh performance bonus and 4 lakh annual esops at the last valuation.

The startup is yet to raise series B but the role he is getting is a strategy and ops planning role along with PnL responsibility in 3-6 months.

HR told him that the salary would get revised once they recieve series B but he knows that stuff is usually just lip service. Glassdoor reviews also show that the workload will be high and might have to work on public holidays as well.

Would you advice to take this?

Would you take a paycut?

Growth Manager

Welcome to Personal Finance's Private Community

Heard the market is back roaring again for some. We are so coming back.

Appraisal Season '24: What was your last salary and what is your current salary?

Product Manager

Welcome to Office Gossip's Private Community

Looking forward to some nice stories from the community. Some positive, some not so positive - what made you take a pay cut?

Have you ever taken a pay cut for a job? Share your reasons 💵

I take a pay cut every year due to inflation. Involuntarily, of course.

Software Developer

Corporate Strategist

Seeing a lots of discussion about people complaining about inflated salary, it's quite sad to see such discussions.
Take SWE for example, so an swe is expected to move to an expensive city with high travel and food expenses, scant housing options with landlords hiking the price 40-80%, work 8 hrs a day and sometimes even 12. And if  he's drawing 20-30LPA he's considered overpaid?! Not to mention the guy has to pay a huge chunk to the government and we're not americans who don't care about their family and have to take care of them as well. 
We're all overworked and underpaid (if you consider the amount of hrs one work and how much they are paidpaid in abroad) and considering the situation still underpaid. 
There may be people who might be drawing a high salary and barely do any work (considering they take a lot of leaves and don't put time and effort in work) but that should be the discussion of the inadequate framework for calculating better metrics for productivity and how companies fail to do their due diligence, instead of complaining about high salary. This affects us all and if we all think that salaries are inflated it only hurts us more.

Are Indian corporate employees really overpaid?

After getting a bunch of 'buy a house' advice from my in-laws over the weekend, I decided to fire up magicbricks to check prices in Bengaluru. My browsing ended within 5 mins seeing just how much the prices have risen in last 1 year

A 3BHK that used to cost 2.3 Cr last year is now 3.7
A 2BHK that used to cost 1.8 Cr last year is now 2.7

These are two houses I had earmarked for sometime later when I would have more money

WTF is happening in BLR

Did you notice? Bangaluru housing prices have EXPLODED

Time to call in-laws and say that "Aap do jodo mei ladki bhejo ladki huio hamaari"

Analyst

Hiring for a bunch of roles for an early stage startup. Salaries of people who have been laid off is through the roof

2-3 years experience asking for 30-40l and while we chose not to judge the experience and spoke to a few of them, most of them are not even worth half of the pay. 

Many are jobless since last 2-3 months and none of them are willing to take a paycut of even 5-6L and are willing to stay jobless ( probably have a ton of savings )

Market correction is necessary.

Roles : PM, software engineers, generalists

What's wrong with salaries

If you are paid less, don’t extrapolate it on others. If they are willing to wait, let them. You should keep praying for “corrections”.

Welcome to News Discussion's Private Community

If you got a new offer, describe your new company, let's say matching the previous offer or more than previous salary by x%. Tell us role , location details etc.,

People who got laid off during the current scenario. What's going on?

Welcome to Product Managers's Private Community

Background: I work in a D2C consumer product startup, we have an in-house website and a growing tech team of 7 people. The whole business team is 100+. I'm a '23 grad from a tier 1 engineering college.

I joined the company back in September when the job market was at the bottom and I had to take a 40% pay cut (21LPA to 12LPA) (while switching (the last company ran out of funding). I was at a higher than avg base in my previous role but the current role is 20% below the average. (15LPA) The company is in a growth stage and lots of processes are yet to be defined which leads to a lot of chaos but I get a lot of freedom as well.

My manager is aware of the whole situation and we had also negotiated a 6-month review for ESOP allotment. My monthly reviews have been going well and we have shipped some good improvements and features over the last few months.

Only PM in the startup, how much appraisal should I ask for at 6 months?

Folks, I wanted to make a prediction that most of us pretty much know already 

2023 our salaries haven’t grown at all. Across my group of friends at work and college, the average amount of increment I heard is close to 5%

2023 is a year of virtually no salary increments

Only for landlords, it has been an year of insane increments 🥲

Are you still getting Covid salaries?

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