Product Management

Founder

Software Engineer

In the name of 'CTC Restructuring'; 15% of fixed pay is now (effective immediately) compensated in ESOPs  CTC is same, Fixed components are modified.  Tell me if this changes the negotiation game w...

In the name of 'CTC Restructuring'; 15% of fixed pay is now (effective immediately) compensated in ESOPs - CTC is same, Fixed components are modified.

Tell me if this changes the negotiation game when looking out. 

If yes, how drastic/different will it be, if no, why not?

CTC: 17lpa, YoE: 0.75

Survived layoff, suffered the firm-wide paycut

Survived layoff, suffered the firm-wide paycut- Grapevine

Hi folks, does anyone know the SDE salary range with 6 years of experience in software engineering? I am applying for jobs and need to put the expected salary.

Current CTC: 44 LPA. All fixed.
Esops: 20 LPA.
YOE: 6
Current designation: SDE 3.

SDE Salary with 6 yoe?

Welcome to Software Engineers's Private Community

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

CTC or GTFO

UX/UI Designer

Welcome to Business Roles's Private Community

I am a fresher software engineer. I was an intern at a series A startup and they have offered me a pre-placement offer.

This is the breakup(Yearly):

Basic - 6L
HRA - 2.4L
Special allowance - 1.9L
Food allowance - 26.4K
Professional pursuit - 60K
Internet - 12K
Half yearly bonus - 50K

PF contribution - 2K

Total CTC - 12.5L

Apart from this, I've also been allocated 1000 ESOPs

Is there any scope of negotiation here? If yes, how do I go about it? 

Any advice/guidance would be very helpful!

Shall I negotiate in this offer?

Welcome to IT Company Discussion's Private Community

Current CTC - 10 Lakhs
New CTC - 20 Lakhs

Is this 100% hike?

May NOT be.

What if 20 Lakhs includes a 20% bonus (not in the previous CTC)?
What if 20 Lakhs includes 2 Lakhs of ESOPs (not in the previous CTC)?
What if 20 Lakhs includes allowances that are useless (not in the previous CTC)?

******

The term “CTC” is NO less than a SCAM in India.

I don’t know any other countries that use the term “CTC”, do you?

And that’s why in India, 
Your in-hand salary will always be MUCH lower than CTC, 100% always.

Let me repeat:
“Cost to company” is NOT equal to “Your Income”.

There is always a leakage. 

********

Companies will NOT change this practice in India.

But YOU can, so:

-STOP asking what my CTC is going to be?
-START asking what my “TAKE HOME” is going to be?

TAKE HOME matters the MOST!!

#copied

CTC vs Take Home

Program Manager

Welcome to Personal Finance's Private Community

Hello all, I have got a SDE-1 offer from one of the biggest fintech companies in India. What in-hand salary should I expect monthly?

The CTC breakup:-
1. Fixed - 14,40,000
2. Variable- 3,00,000
3. Retention- 60,000

How much in-hand salary should I expect?

Welcome to Indian Startups's Private Community

Started working in 2017 (Graduation: Tier 2 College)  in hand salary: 28K per Month. Worked for 2.5yrs, had big dreams, didn’t knew what to do, how do I 10x my salary, saw my manager 40yrs old earning 25LPA in the same company. Realised I don’t want to do this for the next 20yrs and the reach at 25LPA. Started preparing for UPSC (wanted to make it big) realised within 6 months, this is not my cup of tea, appeared for MBA entrance, cleared the exam joined Tier 1 MBA, post MBA: 25LPA + XX Esops in next two years at 1.2Cr CTC inc ESOPs. 

Before 2030 plan to achieve FIRE with 8Cr networth. By 2040 make it 100Cr and retire. Chill at beach with beer in hand and two other friends. 

What’s your story, do share those goldmine inspirational stories!!

Story of Middle Class guy from 3.5LPA CTC to 1.2Cr CTC (46Base + 72Esops) in 4 yrs

Are you considering 72L esops of razorpay as your own networth? 🤔🤔

Senior Product Manager

Whenever a recruiter asks for your current salary, do you guys include ESOPs?
Eg. If your Fixed component is 20 Lakhs ,variable is 2 lakh and you were granted ESOPs valued at 10 lakh.
Is your CTC 22LPA or 32LPA?

Do you guys include ESOP in your CTC

Software Developer

I got a offer where i will get the equity. Does people really make money when company get sold considering in my case if i get 1% equity.

Also how does it work? Suppose when we start valuation of the company is 1 cr so my part will be 1L. Now in the next round suppose the valuation is 10cr then does it increase my equity to 10L or it dilute my % of equity?

Suppose if the company is sold at 100cr, do i really get 1 cr? Kindly let me know how it works and really people make money or not if it get sold.

How does equity works for founding engineer?

Engineering Manager

Hi all, i am about to join a startup in next few months and just got informed that they are merging variable pay to my basic. I know this sounds like a good thing but I am wondering why they would do this without benefiting them! 

Previous offer: 14L basic, 15L CTC
New offer: 15L basic (15L CTC)

No esops or anything. Just wondering is this a good thing for me or something fishy going on!

Thank you

Variable pay removed!

Spotlight on Cleartrip, grocery and Shopsy; $1-billion funding in progress at company.

Flipkart may trim rolls by up to 7% in yearly refocus

Flipkart is planning to layoff 7% of its workforce

Research Engineer

An example scenario:
Let’s say my CTC is 34 LPA + annual stock payout of 5 Lakhs. My total yearly earning potential is 39 LPA. 

In the new role they don’t have a variable or stocks. Is it reasonable to ask for a 25% hike on the overall earning potential?

So the new CTC is 49 LPA. 

I haven’t switched my employer in the past few years so currently is lacking the clarity on the way how negotiations are done. Kindly help by sharing the best practice.

Is this a good way to negotiate expected CTC?

Product Marketing Manager

I have got a new offer from a new company.
can any HR here help me with my CTC breakup understanding?

need to understand CTC

It's been a year and a half since I began my career as a User experience designer at a product company (my first job). The startup I work at has not started generating revenue yet.. and is running on the funds raised in the pre-seed round. The founders are an amazing bunch of people and so is the team. I'm super happy working here, but the only thing I would like is a salary raise since my salary hasn't been revised since I joined. My current CTC is 5 LPA and I own ESOPs worth approx 2L. All of us at the office are close knit and this makes having the salary revision conversation even harder.. how do I initiate a conversation about this and not feel awkward?

How to negotiate salary as a designer? 🚨

Lets discuss here our current CTC and YoE along with Designation. More experience people will tell us if need to switch. Mine is 13.1 LPA with 6 Years and 4 months of experience.

Mention your current CTC with Years of experience. People will tell if need to switch.

Team Lead

Hey guys,

I am a fresher, will be joining SAP LABS INDIA soon. I was offered stock options worth 8.4L over 4 years. I have been looking for vesting period details but not much info is available online. If someone here knows about it, please share the details. Thanks!!

(Lol, Trying out hashtags, idk if it works or not, let's see)
#SAP #SAPLABS #STOCKS #Bangalore #Salary

SAP Labs STOCKS

I have total of 3.6 years of experience all as Data Engineer. 2.3 working at Sigmoid and 1.3 with Flipkart. I got promoted at both the organisation, means I am a high performing talent. I am getting 50L as a CTC from Flipkart, 21.5 is fixed, 2.15 is annual bonus and rest other are ESOP spreaded over 4 years. Flipkart is currently operating in hybrid model which means I had to shift to Bangalore this December.

In my new role at a startup which is acquired by Course Hero is offering 70l;
32l as fixed, 3.2l as annual bonus and rest other as RSUs spreaded over 4 years. It is work from anywhere.

Looking at the current market trend and my previous history, should I be little more greedy.

I am getting 70lac as CTC in my new role

Data engineer

I am being offered 30% of CTC component as ESOPs (1 crore liquid pay + 30 lakh ESOPs). It's a Series B consumer tech brand. 

Are ESOPs still a thing? What should I do?

ESOPs

Since we are seeing a lot of layoffs, a lot of companies are using this as an excuse to provide less increment this year. Interested to know what sort of increments are you’ll getting this year and how much did you get last year?

Increment this year?

I got a good hike this year. Around 34% mostly because I got promoted and my hike in the previous year was shit. I work in finance

Analyst

Product Owner

I’m currently interviewing with cars 24 and expecting an offer from them by this week

The rough numbers given to me are 
base: mid 40s and 10% variable bonus (overall comes around near 50LPA)
(There is no other component apart from these)

I need help with the following:

1. HR told me they don’t give ESOPs etc. I just wanted to confirm if I should negotiate on this because on Leetcode I’m seeing they offered joining bonus as well as ESOPs.
2. If anyone can give me details around any recent offer from them and the components they got in the offer, it would really help


My recent TC: 36L Base
25L esops per year
Total workEx: 4 yrs
Education: Tier 1 CSE

So this is like taking a pay cut in terms of overall TC 

(Catch is I was laid off and I need this offer for the worst case scenario)

Survived layoff, suffered the firm-wide paycut

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