Don’t go down in cash component. It’s a mistake imo

Product Manager

It’s not worth it. Having cash in hand allows you to invest that capital where you want. Also when you shift in future, your negotiations will benefit having maintained your cash component.  
 But having said that, if it’s an extremely good company  / step up role with growth opportunities then the returns from that experience should balance this .

Product Head

I did that mistake once. Never ever again. Only take  the option if you like the role and ready to take a paycut even without stocks.

Software Engineer

Does taking a hit on cash make sense while switching jobs if overall compensation is 23% higher? The stocks will vest in a year and it is a listed company so I can anyway sell it off and convert it...

Welcome to Product Managers's Private Community

Does taking a hit on cash make sense while switching jobs if overall compensation is 23% higher?
The stocks will vest in a year and it is a listed company so I can anyway sell it off and convert it to cash. 
Also, the stock already had a big decline, thereby I find it a value buy right now rather than a doom story. 
Basically my basic fixed oay will go down by around 10% although the overall compensation would go up by 23%. Does this math make sense to you guys?

Cash Hit

Cash Hit- Grapevine

Welcome to Software Engineers's Private Community

Hi folks,

So, I am working in a product company as an SDE 1 with 2YOE (2022 grad) in Bangalore with mostly proprietary tech and my fixed pay is 13.5LPA. I joined my current company in November last year. The work here was good but now the team is being moved to a new project which is more like consulting and working on the customer project migrations. Now, I've got an offer from an HR TECH COMPANY in Noida as a Senior Software Engineer and the hike on fixed is 25%. 

I wanted your advice on whether I should make the switch? The Glassdoor reviews are bad in terms of job stability there but I asked one of my friend's connection and they said the situation is not bad now, the work on the other hand is based on Java & Spring Boot which has my interest. The job stability in my current company is good and the benefits apart from pay is also good here. 

Increments will happen in October, I’m not expecting a promotion this time but I’m expecting a 15-20% increment. 

Please give your suggestions

Should I make a switch if I'm getting a title change and 25% hike in the next company?

Welcome to Business Roles's Private Community

Im currently working at McKinsey and want to understand if working at a startup in a strategy.growth role is better. What are the factors i should be thinking about before making the switch?

High growth startup or Consulting?

Growth Manager

What is a reasonable ask while negotiating with startups?

Should I ask for a match or hike of X% over my TC/annum (52lk Base + 8lk Bonus + Rs30lk RSUs), or should I negotiate only over the Cash (Base + Bonus) component?

A startup I’m negotiating with is not considering the RSUs I have and is offering a 8% hike only on the cash component, and is throwing in ESOPs (paper money) instead.

What do I do?

Need help negotiating with a startup

Welcome to Indian Startups's Private Community

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?

Would you join a role as an early employee in a company, by taking 50% pay cut in your current salary?

Risk of joining as a founding engineer?

Frontend Engineer

I have around 2 years of experience.
1) 10 months in pervious company with 6 month internship and 4 month full time.
2) 1 year 1 month in current company.

I recently applied for a company and was offered an MTS role. ( 18 cash, 50 private RSUs + additional benefits) Total CTC is approximately 34 LPA

The offer sounds overwhelmingly good based on current market standards but when I checked company’s stock price in secondary markets, they are worth less than 50% of what was quoted by the recruiter.

Right now I am a bit skeptical on the stock price as the company has not yet gone public but they plan to in next couple of years.

Not sharing company and personal details for obvious reasons.

Thoughts on my offer?

Software Developer

About me: 25M working in a super early stage startup for 1yr.

The startup is only 2 yrs old with seed funding. 2 pivots, but none worked. The 3rd pivot is interesting and we still don't know if it'll work 


I want to understand the life of an Early employee, how do you manage to keep hope, or when to call it quits?

Have vested esops. Also feel if I can get 1.5X cash salary if i switch

When to quit an early stage startup

It's always something to look forward to in a startup. But wanting to know if it's actually meaningful. Are you making good money from it? Anybody around you who is making good money from it. 

This would really help a lot of us in startups know what to expect 🙏

People at Meesho, can you share experience on ESOP buyback?

I’m a software engineer at a mid size company. I have 1y3mo of work ex. Appraisals are around the corner, and although the work is great, the pay not so much. I earn less than 10LPA. How much of a hike should I deserve in this market assuming I have done a good job.

Appraisal season

I have 2 options, either to take a 40% pay cut or leave the company (get laid off), what should I do? Would taking that high pay cut will lead to negative impact for my next employer?
How does companies/hr takes this while hiring?

Should i take a pay cut

Welcome to Office Gossip's Private Community

Is it worthy to drop a company which is growing for money and join new company for double salary??

Enterprise

I am SDE and I joined a company 2.5 months back. I don't like the work that I am doing and the company is far from being profitable+ a huge cash burn + management is not good.
I interviewed with some other company and they have offered me a role. On paper it's an upgraded role but they are offering the exact salary as the current one + some esops.

Would you accept the offer if you were in my place?

Some general info:
1. Hate the work I am doing currently, the knowledge I get here can't be used in other companies.
2. Work is slow, not learning anything new
3. New company seems good from outside till now, have to validate with ex-employees
4. New company has Hybrid work, current is WFO
5. Have another offer which is paying a bit more than the 'new company' but don't want to join it, These guys are not matching the offer sadly

Should I switch again?

How to find software engineering roles that provide presumptive taxation under section 44ADA. It really saves a lot of taxes

Share your progress - the journey.
- Where did you begin and where are you now?
- What motivated you to go the extra mile? 
- Where do you see yourself in the next few years?
- What did you do differently then the rest of the pack?

This can serve as a motivation to those of us who wants to improve and as a appreciation for some of us who made themselves a stellar career.

Eager to hear your stories. 🔥

What has been your career/salary progression so far?

2018 - 7.2LPA ( Services startup ) 
 2019 - 15LPA ( Hike ) 
 2020 - 21LPA ( Switch ) 
 2021 - 27LPA ( Hike ) 
 2022 - 33 LPA ( Hike ) 
 2023 - 72 LPA ( Switch ) 
  
 Sorry. Should have posted mine first :)

Lead Engineer

Seen it all. Ask and you shall be informed.

Ask me anything about Razorpay

Engineering Manager

I have my senior managers who are 32-33 and are making 1cr+ per year.
What do people do at the age of 40 or 50
Is there a scope for further salary increments or role increments?

Unless someone works at a company like HUL, what is the future?

Long lasting in corporate

Business Analyst

Leaving a job with lesser pay but significant esop ( 75% still unvested tho) with a few years to go to ipo for a job with 40% increase in pay but only 30% of earlier esop base. Is this wise? 

Also what does it mean for me if i have unvested esops but the new company goes into an ipo within a year or 2?

Low in hand + more esops vs higher in hand + lower esops

Program Manager

I have been working as engineering manager in a startup. I was promised remote job but now company calling to office location. In current year, the company didnt give more then 5% salary growth and keep promising growth in the future as company grows but do founders or top management really care about employees? 

I seen one of my ex company its happening but not sure if founders really keep their promises about employees will get salary growth as company grows. I feel they take lavish salary but keep the employees underpaid.

Let me know your thoughts or your own experience. Work life balance is good though so I don’t want to really leave the company it actually it happens

Does employees get salary growth with as startup grows?

Background:
I have around 7 years of experience. Right now doing WFH from tier-2 city and staying with family (Married so wife + my parents). My current job is good but politics and bad manager came into picture. I applied to few jobs and got an offer.

Current Situation:
The offer I got is WFO (hybrid) from Bangalore so I need to move. Increment in terms of cash is 12.5% (they dont want to push more). RSU is good and they vest in 1 year directly.
I estimate that house I require near my office (Kadybeesanahalli) will cost around 50-60k and rest budget of 50-60k. So I will save around 1-1.5L (50% will go to MF, stock etc)

Question:
Is this a good decision to move and settle there ?
New org is a reputable one and has stable job as of now

Note: I am not including my wifes salary as she still needs to search a job

Is it a good idea to move cities right now

Data engineer

Hi, switched job 3 months back on ~50% hike (on paper). First couple of months felt okey as I was paid the joining bonus and notice period buyout. It was hard to understand what’s my actual in-hand per month salary and taxes are. Now with the third month salary I realised it’s nominal take home hike from my last job as I crossed 50 lacs taxable income and liable to pay surcharge too. 

On the other hand, I have been hiring for a level down and got better sense of internal comp play as management is okey making exceptions. I feel like I was low balled and deserve better. What are the options apart from starting to look out and switch.

Cash Hit

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