How much does current CTC matter during negotiation?
Same as title. Feeling frustrated as most companies these days only negotiate based on CCTC and only want to give some x% hike. I know this is common in India but is there a way to go around it? Do product based companies and good startups also do this? Is job hopping the only way to reach a good CTC?
Vegetabledev22
Stealth
3 months ago
no,
yes
yes
1 offer in hand only - ask for 50%, you will get 30.
1+ offer in hand - keep using each one as ladder, go up till 100 , slowly. Preferrably collect 4 to 5 , keep dropping old ones as you pic new ones. (companies maybe inhuman , but we still can be kind and shrewd at same time).
Finally read this: https://amzn.in/d/5zrivJc & HBR ascend and write possible HR round questions and what you will answer back and forth. Play this mock game with your friend or anyone before going in.
HeftyTamale3
Stealth
3 months ago
Yes, it's quite common if it's not a company where salary slabs are predefined for different roles.
I would suggest kindly go for 25-30% hike to be very safe. You can negotiate better once you have multiple offers
It entirely depends on 2 factors -
1. The companies you choose
2. How desperate they are to hire you? It also means, how good you are that they are dying for you to be on their team!
