As it stands, i have been through 0 appraisal cycles and this ia my first. Since i always see people jumping to new companies, does anyone get like amazing hike (say a random 30%+) in their existing company
If they can give 30+ hike, they prefer to hire from “outside” 🧐😂
If u r in lower band of their budget for ur seniority and role then sure. Also possible with promotion if company is doing well
Yes, you do. I can say because I have had upwards of 30% for two continuous years along with company initiated retention bonuses that required me to be employed with the company for a certain period of time. And no, it was not because I was the most talented of the lot but because I was working on a product that was considered pivotal to the company's future success. So, getting such hikes is more a factor of luck than talent.
30% in the early phase is definitely possible. As your CTC would grow, it would definitely come down
Rarely
How much of a hike should one expect while switching roles (for a PM role)
I have started giving interviews and the expected CTC i had mentioned was with a 40% hike. Nope, i have received my appraisal in the range of 15%, due to good pe...
Those who are earning more than 1 lakh per month. Share your journey how you reached there and also some tips.
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.
Have been on my first job for over 8 years now. Joined as an associate, changed various roles and made progress to become a PM. Happy with my job and importantly, I've been learning new things everyday and have a great leader. But consta...
What was your first ever CTC and what's your current CTC with YoE?
I'll start - 1.6 to 9.8 in 4 years.
This post is intended to give hope to freshers and motivation to experienced folks.
1 lakh 80 thousand per year Now 1 lakh 85 thousand per month Years taken 11