Is it possible to negotiate for a higher hike during my appraisals? I’ve never done this. Just asking for opinion/advice.
The only correct answer is that it depends. On market conditions, companies cash flows etc.
Speaking from the other side of the table, in present market conditions, it would have not worked if i was your manager. Earlier, we were asked to present a budget plan based on team expansion plan, goals for this year, hikes plan, etc. From the last 2 times, the budgets are given with instructions to operate within it. So, pretty much if I give you something extra, I need to deduct it from the rest of the team. In general, hikes were 10%.
Yes, you should have fair reasons behind the ask.
Back yourself with data and feedback of your respective stakeholders. The probability is less but it can pan out.
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I’m a software engineer at a mid size company. I have 1y3mo of work ex. Appraisals are around the corner, and although the work is great, the pay not so much. I earn less than 10LPA. How much of a hike should I deserve in this market ass...
Currently working with series A startup as product marketing manager at 23lpa. Joined them in july at near zero increment because last company shut down. Have proven my metal here and getting extra responsibilities.
How to negotiate wit...