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Old 16th July 2008, 16:22   #121
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So you are telling me that your friend has 7 years work ex, was getting 15L/annum, and cadence have offered him 40% more??
Is he a B.Tech?
15L was the offer from Cadence. He is a normal graduate.
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Old 16th July 2008, 16:28   #122
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In todays market what matters is skill sets, btech or not for some it doensnt makes a difference.

I have some of my friends who are graduates and are getting much higher than this, cause they can attain the targets they are given. So who cares at the end of the day, its all about reaching and meeting goals.
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Old 16th July 2008, 16:36   #123
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Quote:
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15L was the offer from Cadence. He is a normal graduate.
Ohh, ok. For a moment you scared me
yup, 10-15L is the norm for somebody with 7 years work ex
If you jump companies, you get catapulted to the higher end.
This industry does not pay for loyalty
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Old 16th July 2008, 16:41   #124
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Quote:
Originally Posted by tsk1979 View Post
Ohh, ok. For a moment you scared me
yup, 10-15L is the norm for somebody with 7 years work ex
If you jump companies, you get catapulted to the higher end.
This industry does not pay for loyalty
yeah, once you are in, you will be normalized as per company policies for the next hikes
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Old 16th July 2008, 19:28   #125
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Tand the last and this is what I call "Brahamastr". Get an offer letter, when you are close to your appraisal and ask your manager that this is what I have been offered, if you are ready to increase my salary, I am here or else I am gone.
Trust me, if I am your manager, you'll be sacked even *before* the appraisal.

P.S.: No offense meant, friend. This post is more of word of caution for those, who may get influenced by your post and try out
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Old 16th July 2008, 19:36   #126
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What I call "Brahamastr". Get an offer letter, when you are close to your appraisal and ask your manager that this is what I have been offered, if you are ready to increase my salary, I am here or else I am gone.
PS-The last point may work against you. It depends company to company, so try to at your own risk.
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Trust me, if I am your manager, you'll be sacked even *before* the appraisal.

P.S.: No offense meant, friend. This post is more of word of caution for those, who may get influenced by your post and try out
No ofference taken. But you deleted the most inportant part of this (in Bold letters above now.
I have seen many people trying this trick in my company and it had always worked. Thankfully my manager does not think like you ;-)
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Old 16th July 2008, 19:37   #127
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Why? The person has taken trouble to find his worth in the market, which the manager himself could not ascertain?
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Trust me, if I am your manager, you'll be sacked even *before* the appraisal.
Why not join the new company which has valued the person higher than the current company?
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Get an offer letter, when you are close to your appraisal and ask your manager that this is what I have been offered, if you are ready to increase my salary, I am here or else I am gone.
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Old 16th July 2008, 20:08   #128
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Many people who know they are at positions very important for the company but are not adequately compensated for it, use this Brahmastra.
This can be used just once, and will spoil your terms with your team mates(who know that you now get more salary than them) and your manager too(for obvious reasons)
Also note that you should use this if you are a very very important and hard to replace position
For example lets say the core algorithm developer.
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Old 16th July 2008, 20:22   #129
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I have seen many people trying this trick in my company and it had always worked. Thankfully my manager does not think like you ;-)
Thankfully? No. It just means that your manager/company is not competent or professional enough to understand true value of its people. Managers often make this mistake and it costs them dearly.

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Why? The person has taken trouble to find his worth in the market, which the manager himself could not ascertain?Why not join the new company which has valued the person higher than the current company?
By all means, he should join new company. He doesn't need to blackmail his current manager for that

And, this can lead to prolonged discussion, but let me just say that salary is just one (but one of the most important) part, why people work for any organization.

I agree partially with Tsk1979. But, even in that case, you may just walk over to your manager and tell him that you are grossly underpaid. If you are critical to business as mentioned and if your manager is not stupid, he'll easily get the drift. You don't even need offer letter for that.
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Old 16th July 2008, 20:24   #130
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Yeah, by doing this, you might spoil relations with your peers. Also, not all managers think alike.
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Old 16th July 2008, 20:34   #131
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Considering the kind of salaries you guys have quoted here, I am thinking I am not really being paid at all.

Help me guys.
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Old 16th July 2008, 20:57   #132
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This is probably a more realistic one from Kelly Services : Home |

Download India Salary Handbook 2008/2009

At least some of us will get better sleep after reading this?

Last edited by tadukuttan : 16th July 2008 at 20:58.
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Old 16th July 2008, 21:03   #133
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I should not be visiting this thread, while in the office. :P My IT guys will track me down

I would check this survey as the first thing, as soon as I reach back home.
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Old 16th July 2008, 21:06   #134
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Not till they get more than their neighbors !!

Note: Long ago, there was survey done in America about wages. 2 groups were created.
Group A: Get 75K as pay, but their neighbors get 50K.
Group B: Get 100K, but their neighbors get 150K.

It was found that, even though Group B got more than Group A, Group B was dissatisfied.
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At least some of us will get better sleep after reading this?
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Old 16th July 2008, 21:25   #135
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Agree to the above fact. This is how the things work actually.
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