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?
Is he laid off or working for 15L CTC. If it is the latter guess he has nothing to lose.
Its the latter. And true there’s nothing to lose. But posting on GV saying they ain’t getting calls, well. The reason is clear.
Well everybody wants free social media marketing. Good you dodged a bullet. I would never ever hire marketers for tech position. A simple introduce yourself question makes it all clear
Just wanted to know what would you have offered to this fellow ?
If he is working at 15 LPA right now and assuming it’s all fixed , would you be okay with 20 as it would have been a 30% hike?
Speaking from the candidate’s prospective , may be he quoted higher because you guys are in stealth mode and things may or may not materialise ahead ?
Anyways, would be interesting to know your take on it as well
That’s a reasonable ask, yes. We’d atleast have thought of having a discussion around that. While its still on the higher side given the market does have a huge float of resumes, its atleast a starting point.
Btw their 15LPA is not all fixed either.
On the notion of things not materialising further, it’s a startup. They currently work for one and our guess is that they’d be aware of the risks. Not to draw a comparison but I’ve worked in startups for more than a decade now and always understood the risks associated with the option (to an extreme where I’ve taken 3 paycuts in my career, 2 of which worked out quite well).
Not preaching but somehow, after all these years, I’m finding such situations as taxing. I don’t fundamentally get the YOLO logic either, maybe an old bugger ranting. Anyways.
Interesting. The guy you interviewed seems to have tried his luck. As they say, there is no harm in asking and until you ask something , you won’t get it. Anyways, they might have their own reasons as well.
Seems a bit steep but still a reasonable ask to me. Assuming 15l current while sitting at home. +5l if you have to relocate to Bangalore to account for increased expenditure. +4-5 for job switch as my skills have improved from my last compensation change (assumption) +3-5 lakh to account for risk for transitioning from a big brand(assumed stable job) to a startup in very early stages (risky job).
So totals out to 27-30l compensation.
Now you may or may not agree with the above but from an employee side, if someone currently works for a decent company at a decent comp then they probably will not settle for anything less than 25-30.
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