How to decide between these 2 companies?
Company A (my present org, where I have been for over a year as an APM)
• Pays among the highest in the market, increments are also among the highest (2 review cycles with 10-30% hike) • Work hours/WLB is accepted to be 'not that good' by the management itself (so you know how bad it really must be). For the general employees, top management at times reeks of favouritism but it could be genuine capability too (head of XYZ is less experienced than his reportee because head of XYZ was directly under the founder in a previous org) • A favourite among investors so never expected to run out of funds any time soon and has been profitable since its early days. Their layoffs have only ever been due to "performance"
Company B (where I have a soft offer for a PM role)
• They have been able to offer 15% over my current CTC but post the current review cycle, I expect to be at the same (or higher) CTC than what they are able to offer. They only have a yearly review cycle so in the longer term, earning potential is affected by 10-20% every year. • All the founders are ex-American (not their Indian subsidiaries) MnC alumni so their USP is WLB and a good work culture. I am sceptical of this because the Glassdoor/AmbitionBox ratings of both of these are similar (although I believe that those ratings are often only coming from extreme cases) • They have had issues with funding/profitability previously (there was a lay off 1 year back) although right now they do have a runway for about 2 years.
How should I decide among these 2? I am young in my career so I would really appreciate advice from people that have had similar experiences.
Stay and ask for a promotion.
15% hike when you are in 30% tax slab doesn't affect the compensation that much.
Promotion is already in evaluation (and not very likely due to the average experience of the next role at the org). Increment above 10% is highly likely, making the overall comp after 1 year exceed that of the new role's comp.
Any tips on how I should negotiate better with the new org?
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