My current CTC is 8.1 Ipa and during interview rounds, I have asked for 15 LPA as that was the budget of the role. It's an MNC BANK. Not revealing the company. Now they are saying that only a 30% hike is possible because no one in the industry will give more than 30% of the current salary it seems. I asked what kind of logic is this as my skill sets are good and I have cleared all technical rounds. They say that's how it is. This is in hr discussion.
What to do in such a situation? How to ask?
Take the offer and give more interviews for that % to increase
Not sure why you are so surprised about this. This is like basic CTC calculation in India in a nutshell.
Then usually if you want 100% of your salary, you have to do a switch, right? If they also have this 30% rule, how will this workout?
You negotiate with multiple offers. And quite frankly it is a tedious process. Best case scenario they agree at 60 to 70% with a lot of caveats. No way around it unless you are applying at companies that are based out of India, that actually value skills over compensation. That is the harsh reality.
Also side note keep tax slabs in mind as well when negotiating atleast until you get to the point where it doesn't matter.
Stuck in the exact same situation. Say no if you can or accept and keep looking to renegotiate/better hike. The HR told me accept within the day or the offer is gone.
Your skillset is measured by your current salary in the eyes of HR
I know current market is not approving this but based on the skills it should be acceptable. If the current ctc would have been good then why would someone switch. Please suggest some advices to mention how to not reveal the cctc till th...
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I got to know that budget for the role i interviewed is in range of 20-25 LPA. My last drawn salary itself is lower than the market standards. The company wouldn't give hike more than 30% considering my experience in the role domain. But...
How many folks here 100% refuse to share last salary and are adant that HR state their budget. How do you guys do it and also has it ever happened that you needed up losing a great opportunity coz of this???