Indian companies and their obsession with "Hike on last drawn"
Why? Pay what you can or just say no
A lot of Indian companies have a pathological drive to always try and lowball candidates.
Sometimes I even jokingly tell recruiters that my expectation in 1000 crores, obviously you cannot pay that, so offer me your budget
BiryaniEnthu
Stealth
8 months ago
@redchillies7 I do that!
"We have an open budget"
"Budget is not a problem"
I ask, can you pay me 1 Cr?
"No no, we were thinking like 7LPA"
🤦‍♀️
Companies don’t really know how to gauge how valuable an engineer is so they use their last salary as a proxy to determine their worth.
BiryaniEnthu
Stealth
8 months ago
@Based1776 Are all engineers in TCS/Infy worth 3.5 LPA?
@BiryaniEnthu if they are more than that that they should be smart enough to move out as well
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Stopped applying to Indian companies altogether due to such terrible experience. Same lingo as usual. Plus ghosting is normal now, they dragged a process from July 5 (screening call) to Nov first week (final boss/hiring manager).
Had multiple followups from my end in between.
All this while the HR person who first contacted me hopped jobs (I only came to know it after her replacement contacted me 2 months later), my mails bounced when I tried to contact her post the assignment submission, expecting a calendar invite for the final round.
Long story, I know. But rant over.
Bullet dodged!
Wouldn't wish it upon anyone. Especially the bit on bounced emails while following up.
In relation to compensation, they asked me to justify x% hike on my previous CTC, yet their only response was "we'll let you know".
P.S. They closed the position in late December.
BiryaniEnthu
Stealth
8 months ago
Shit I'm in middle of something like this.
Assignment done, replied will get back in 24 hours - it's 48 hours to that 24
I can see the pattern now
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Brutallyhonest
Stealth
8 months ago
You should hear people obsession with why did someone leave their last job. Dear HR you have requirement means just focus on hiring and retention.
Recently a company called me and told me that they are not moving through with me - not because of my skills, they really liked me but they are not convinced of my reason for leaving. I wonder why they conducted interviews then and wasted my time and hopes.
Brutallyhonest
Stealth
8 months ago
They will burn in hell
Many Indian companies don’t have compensation as a function/role within the HR deptt. The typical mindset is to “negotiate” rather paying for the skills.
My simple rule is - The moment HR caller says “open-budget”, means the role isn’t thought through and mostly will be going with “negotiation” mindset.
MightyLazyGeekStar
Stealth
8 months ago
MNCs with pay range are the best
Don't HR have a KPI of cost saving too? By saving a couple of Ls by negotiations, they can boost their performance ratings
Yeah it sucks and used to infuriate me a lot while negotiating salary. Now, I just tell them at the very beginning of the interview process that X is my current CTC, Y is my expected CTC. If you can match it then we can move forward, else bye bye. Saves everyone a lot of headache and mental gymnastics.
