Not yet. At least not from Indian startups whose main market is india.

Software Developer

Product Manager

Someone who had a 35 LPA offer applied for a 4 LPA job eventually. Are we seeing this become common? Are offers being rescinded?   https://twitter.com/ojuswirastogi/status/1595086968953901056?s=46&...

Someone who had a 35 LPA offer applied for a 4 LPA job eventually. Are we seeing this become common? Are offers being rescinded? 

https://twitter.com/ojuswirastogi/status/1595086968953901056?s=46&t=czXE28KM2y-k3j0JJRlNmw

The tide on salaries is turning

Analyst

The tide on salaries is turning- Grapevine

Welcome to Data Scientists's Private Community

Hello Everyone, 

This is my current condition:
Yoe - 3 yrs
Ctc - 21 lpa

How much should I ask in ibm? They haven't informed me in which band/level I am going to be. Do not know for which city they are hiring for. 

Tomorrow is the call for salary negotiation. Not sure how to proceed. Any help is really appreciated. Thanks in advance!

Data Scientist at IBM - Salary Negotiation

Machine Learning Engineer

Welcome to Office Gossip's Private Community

I see a lot of people think here that a 3-5 year experience candidate has a right to demand 40-50 lakhs pay.

Is it really the trend now? Am I unaware? I see pay range in 6figr & other websites but don't see the pay scale of 40-50 very often except for full funded startups, MBBs.

What is the reality of pay range by professions for exp 3-5 years?

Salary Discussion

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 Business Roles's Private Community

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

Welcome to Software Engineers's Private Community

Recently, I've been observing a concerning trend that I haven't observed before in my 5 years in this industry. 

A large no. of job openings are coming up at mid-sized companies and startups that require 5+ years of experience but pay 7-12 LPA. One of these companies even used to pay a decent more when I'd applied to it a few years before

Does anyone have insights on the root causes behind this trend and how it will shape up the job market going forward?

My hypotheses on root causes:-
(1) Bad job market
(2) Advent of AI

Insane number of low paying software jobs

It's slightly long - It would be great if you could guide me!

Total Experience: 7 years
Domain: Sales
Education: Tier 2 Engineering College
Current TC:  Rs. 60L + ESOPs (mentioning the compensation as it's relevant)

Throughout my life, I have been discriminated against due to not having a pedigree. I have had to work my ass off to reach where I am today.

Currently I'm at a senior position in a startup incubated by an MNC. I still face the following concerns:

1. Extreme difficulty while applying for jobs; Example: my exceptional performance in my previous organisation was not known outside and since I didn't have any "pedigree", I was considered overpaid in the job market.

2. I did join at a decent hike after an year of search and even in the new company, I don't command a lot of respect due to the lack of fancy tags like IIT/IIM/ISB/Booth/LSB/Insead,etc.

What should I do? Does an MBA make any financial sense to me at this Experience and Compensation? If yes, where should I try for an MBA?

Should I do an MBA?

Sales Leader

This is mostly for people who have spent 10+ years in the industry. I’m sure we all can agree that the hiring and salary boom that we witnessed in 2021-22 is mostly over now. Now it’s more about surviving the job market rather than printing asymmetrical amount of money

But how has it turned out for people who’ve been in the game for too long. I know some people who switched jobs too quickly and are at a higher package but still not content. At the same time, I know a few seniors who’re still in my first company and are happier than ever with the work.

I understand that in Tier-1 cities, the expense itself is more and you’re sometimes forced to switch just to stay afloat. But what would you recommend new joiners based on your experience? Does chasing money in early years help later or only focusing on skills?

Chasing money or skills? What paid off at the end?

Should alter the choice during switches. 
  
 If a switch is taken for money then next switch should be for skill or promotion and so on

Software Engineer

Hi,

I came across few friends and also one person who used to report directly to me that they got 24 LPA offer. They have less yrs of experience then me and also knowledge.

I am getting same 24 LPA (with 1% equity). Do you guys think this should be red flag me to switch to some better paying jobs?

I have 9+ yrs of experience and working as engineering manager(Node, Python, PHP) while they are senior devs(Android, PHP,Frontend) with approx 5-6 yrs of experience.

People with less knowledge earning more

Engineering Manager

They are hiring like crazy, everyday 10 roles posted

Either this is red flag and everyone is leaving
Or it is actually hiring good

How is Revolut? Can someone refer me?

Consultant

Welcome to Indian Startups's Private Community

Hey Folks, I hope you all are doing extremely well.

Wanna get some idea about market pay and the hike I’m getting in a e-commerce company. 

Worked as a DevOps/Software Engineer for 5 yrs and CCTC is around 30-32 LPA. New company is ready to offer around 42. 

Is it good offer or should I check for more companies?

I know some startup’s are paying like anything and this offer seems to be trivial for 5 yrs experience, but just wanted to know if I should be pursuing this offer or not?

Thanks in advance folks, Have fun! 🤩

Is 42 LPA a good offer for YoE - 5 yrs?

What is your Salary and YOE ? Are you satisfied with the progress you have achieved so far ?

Satisfied with TC ?

This gets the figure to like 10k in that many months 🫣

BYJU'S set to fire another 4,000 employees

Paying exorbitant salaries was going to bite them sooner or later, feel sad for those who will loose their jobs. But again have come across ppl who were paid insanely and were laid off not wanting to take a pay cut and join somewhere, infact they will ask more than what was their inflated last drawn salary. Not willing to realise the harsh reality of the current situation.

Computer Operator

Data Scientist

Heard from someone that Google is extensively lowballing new hires, providing way lesser average base pay and stock grant as compared to 2023/2022. They are taking advantage of a bad job market. Is the brand name still worth it?

Google lowballing

I am a 2023 batch undergrad from nit . This year placement season was dull compared to 2022 . But somehow most of people got a job . But from the past 2 3 weeks companies are revoking offer letter. Almost 8 companies have revoked their offer letter, including increff OLX ,karza technology and so on .

Offer letter is getting delayed . Almost all of us had their expected joining in June and July ,but many of my friends have not got their offer letter. 

Also the PPO scene, prior to this year almost  the PPO conversion rate was very good in 6 months intern . A big mnc company hired 26 intern from my college but no PPO .

I am afraid right now. When will the scene become normal?

Offer letter getting revoked

How to easily make employees exit the company

Welcome to Product Managers's Private Community

I recently interviewed at an MNC and my interviews went great. They also gave a case study.
At the time of final negotiation for salary, i asked for standard 40-45% hike. However they took some time and came back with an offer of almost 95%-100% and literally more than that if i include yearly fixed bonus component.

This was a big surprise to me, and they states that we have done this taking care of pay parity, etc.

I am very happy, 
However, i want to know is this common or happened with anyone else?
Are there such good companies, people and HRs...

Anyone having any thoughts on this?

Has this happened with anyone where you are offered more salary than what you asked for?

Equity Research

There’s this chap on GV who posted that they haven’t received any calls for the past 3 months. Has 2.5 years experience with a current ctc around 15L. We spoke to them only to realise their expectations are 32L (26 fixed and 6 in esops)

In a market flooded with resumes due to unfortunate situations, is it fair to have such an expectation and at the same time, call out on GV that they haven’t been getting calls for an interview?

Are high expectations in such a market valid (even accounting for cream deserves takes)

26 fixed seems pretty reasonable, I don’t know how much lower you can expect

Founder

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)

Mass Layoffs at Navi Technology

Damn no wonder they are firing 
 I know some average freshers who joined at 21 base last year  
 Overpaying for average talent always results in firing in startups,is what I have observed

I got to know a senior leadership member at a popular startup suggested to deliberately do poor appraisal for an employee so that she resigns herself.

Bad times ahead with companies forcing employees to join back offices and planning silent layoffs.

PS: By "forcing" I mean not leaving employees with much of an option other than to quit.

The tide on salaries is turning

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