What's the good hike %?
My current CTC is around 14-18LPA and I got 15% hike.
Is this good enough, in this market conditions?
Considering an offer with 49% hike over current fixed comp, yet to negotiate.
Well don’t switch for less than 20% in general.
% hike will always be relative to what you're currently making and how much is the current market value.
If you're underpaid then, even getting 100% hike is possible, but if you're in the upper band of market rates one can't realistically expect over 10-20% hike
My current CTC is around 14-18LPA and I got 15% hike.
Is this good enough, in this market conditions?
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.
One of my close coworker rather a best friend, recently talked to his manager for promotion. However the hike after promo what manager said was ~25%. However same experience, same team -same experience guy who got promo in last December ...