i have 2 years of experience and i m also going to follow this strategy of yours. Not 1.5 but at least 2 years at one place.

lol, I thought I would be getting advice instead of giving one😂

Software Engineer

Well, i averaged 21% salary hike starting from a low seven figure ctc after my mba from a tier 3 college. It has been 8 years and I have done only 1 switch and that too only cause I hit the glass ceiling at my previous firm. The hikes does not include the esops/esops from my first firm.   
  
 so, jumping alone is not a strategy; lateral growth within the same firm is one as well.

That is true but in most large corporates the hike rate are around 10-20% and unless you start with a high TC to begin with it, it would be hard to catch up early on.

I agree. But i have never worked in large corporates only startup. My focus has always been to make sure my salary covers my monthly expenses and helps me save atleast 15% of it. I optimize my salary structure  for esops mainly because if i get cash on hand i tend to spend it

Product Manager

Given the current ongoing scenario, what should be the strategy to get early hikes in career as you move along?  What I used to believe is to jump every 1.52 years just to be safe so that you can j...

Welcome to Software Engineers's Private Community

Given the current ongoing scenario, what should be the strategy to get early hikes in career as you move along?

What I used to believe is to jump every 1.5-2 years just to be safe so that you can justify your jumps to next employer.
As you reach senior position then you slow down for a more stable company as you might have a family to look after(early 30s).

What do you guys think?

What would be the best strategy to jump salaries?

What would be the best strategy to jump salaries?- Grapevine

Welcome to Office Gossip's Private Community

Hello all, what are your takes on switching Companies every 4-6 years (or other frequencies) v/s staying in one company for longer duration like 10-20 years? 

Note: While staying at the same company, one should stay relevant and try to evolve rapidly as well. Taking on new challenges, moving to different teams/verticals will be a part of it. It won't be like staying in just one role, doing the same work every day, expecting a hike/promotion someday.

While switching, money would definitely get double or tripled, but considering an ideal/hypothetical situation where someone is making 'good enough salary' from the beginning of their career itself, and then the fact that the more we wait, the compensation would compound down the lane.

Switching Companies v/s Not Switching Companies

I'm new to the job market so I wanted to understand how frequently should I switch companies when I get a better offer.

I've heard that sometimes your employer themselves will match a competing offer.

But how frequently should I do this? Every 2 years? 3?

Doing this too frequently can make me an objectively worse candidate so if anyone can tell me what's the ideal duration, that would be great.

Thanks in advance!

How frequently to switch companies for salary growth?

Founder

Since the job switch hike can never be matched by a promotion within the same org at least in India, Is frequent job-hopping the key to maximizing earnings?

What are the potential downsides of job-hopping every two years?

For those who have stayed longer at one company, how has your compensation growth compared?

Do you think switching jobs frequently is sustainable in the long term?

Is a 1 crore package worth switching jobs every 2 years?

I just got a offer from one Indian Finance company for Pune location (I would have to relocate). They are giving 13.90 LPA, out of which 11 is fixed and 2.75 is performance pay. They have alternate Saturday working policy, WFO, strict office timings and lots of workload sometimes more than 9 hours of working.

What they have to offer is good appraisal cycle (> 10%), and a promotion in 18 months. 

Now my challenge is I joined a MNC X org in the second month of March with 12.55 LPA (10.5 is fixed and 1.26 is performance pay).

What they have to offer is Hybrid, chill environment, free lunch, good medical benefits, and WLB. What they don’t offer is good appraisal ( they have standard appraisal policy same for everyone around 4-7%) and promotion.

I’m confused on what to do!! 
I’m open to working on Saturday and with heavy workload, as the money is priority. But since I already joined company X and people here are so good. 

I’m looking for any suggestions or your personal experience. 

Note: I didn’t told to Indian finance company that I joined MNC X. And the profile is in Analytics one is BFSI and another one is HR.

I’m confused. Need help!!

Data Analyst

Welcome to Indian Startups's Private Community

The current startup tech employees and founders are filled with so much junkies who do not care about the product at all.

The culture is set when the startup is founded,when the first set of employees arrive.  These folks are some of the most driven and talented and that's fine, it's how it should be.

But the problem begins when these folks do not find their own hiring strategy and copy the hiring strategy of other companies.

Instead of analysing what works best for them they justify their hiring means by saying this is what other have done.

The result is you get a bunch of leetcode warriors who are always wanting to jump ships when given opportunity, never forming deep knowledge about their industry and their product.

I work in one of the legacy tech companies, sure we do not hire the best people but we nurture them and that earns loyalty and long careers in our company. 

Even the employees have a very 360 degree view wrt product. We always deeply care about our product. 

Tbh I love seeing the stupidity of the market and it makes me happy that more confident that these people are wrong and always will be. 

Even the Indian startups are unoriginal and copied from the west then how do you expect the hiring to be unique. We are all living in the circus where jokers are supporting each other in making the circus bigger.

A rant on startups

I'm frontend React Javascript developer with overall 4 years of experience (out of which 2yrs in react) Sitting with 5Lpa at TCS. What should I answer on expected salary in interviews. And if possible guide me reason for that ask. (Sorry for posting again but really need idea on this)

Salary expectation

Software Developer

Me thinking to switch after every 2 years max, for bettter opportunity 🤟, and better hike. Because eventually after 1-2 year, you reach saturation point. 

My concern is It is good to switch to new company even if current company is really good with you in all the way possible.... Except giving salary hike😔

Should I keep switching after every 2 year

I'm 22 and like 6 months into my first, I really love what I'm working on and what I'm being compensated for that. But whenever I ask anyone whats their plan is they say mostly switch within 1-2 years, especially freshets who were selected along with me, and surprisingly almost no one here is from pre-covid.

Does everyone switch jobs as often as it seems?

I am a Product Designer at an Edtech Startup (raising 20m Series B soon) with almost a year (1) of full time experience but overall almost 3 (including internships) at some great companies.

As I am looking for a change what salary should I expect? Considering:-

- I have a design degree from a Non-IIT/Non-NID Tier 1 University (known for good engineers) [so good foundation hopefully]
- The companies I have interned at range from Japanese MNC/Conglomerate, Indian Fashion focused E-Commerce Giant, Indian Food Tech/Delivery Giant & an Indian Digital Transformation Giant.
- The average stipend I earned at these companies was around 40K/month.
- The salary I earn right now every month is between 70 - 90K
- I believe I have Got good Product focused UX knowledge. [Part of the Product team not a seperate Design Team]
- Not another Figma/Framer drooling Designer.
- Many of my peers from my alma mater are placed in Big Tech or Desi Giants owned by Foreign Giants

So what salary should I be expecting? (Keeping aside the ESOP/RSU part)
Is ~ 1.25L/month in hand is right ask?

Please suggest.

How much Salary to expect? [INDIA] 🇮🇳

Product Designer

Companies started hiring or there's still hiring freeze?

Welcome to Personal Finance's Private Community

Which is a better option to increase salary/package ?

 switching roles in between different sectors like banking,audit,financial markets.

Or

To build a career in a specific area/sector.

Need advice from experienced folks

External Audit

How frequent should we be switching jobs?

As many a times we encounter situation where HR interrogate about multiple career advice. HOWEVER IT IS MANDATORY TO SWITCH JOB FOR FINANCIAL GROWTH.

Frequency of Switching Job ?

What percentage is the salary hike usually when you switch companies ??

Welcome to Product Managers's Private Community

I have 6.5 + YOE and have a CTC of 20L (fixed + bonus)

How do I achieve parity with regards to salary? 

My next appraisal cycle is in March but obviously due to the economic conditions my company might not give me a great raise even though my performance has been good this year. 

Any suggestions?

Underpaid Senior PM

Product Head

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

Indian companies and their obsession with "Hike on last drawn"

Consultant

To the People who have made / are making frequent job switches ( say each year or so ), 
What’s your salary progression and any issues you might think you run into in the future

Frequent Switches : Good or Bad ?

I have been working in my company for over 4 years now, each time it's time for Appraisals I am told the company cannot go beyond 7%.
But I have progressed in my role through the years and I have delivered excellent growth results this year when the context has been dull. I am super frustrated it could end up with being handed a 7% increment and of course a football to take home, especially after my meeting with my manager. 
It's getting to me now!

I feel I am being played!

If the company is really decathlon then it is meant to be played xdd jk 😂😂

Category Marketing

Around 8 YOE, Java fullstack currently at 18 LPA. Looking for a switch and need to understand the current market standards for a hike. Any advice on type of company to target for in Chennai.

What would be the best strategy to jump salaries?

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