What hike did I get this year??

cruiser_1982 · 26th March 2010, 10:52

Quote:

Originally Posted by supremeBaleno

Our salary hike was last month and the overall range was 20-40%, which is pretty generous for these times. Guess the recession is slowly being left behind. I got a 36% hike - so no reason to complain.

Oh man, thats a great hike. Where do you work BTW?

xingamazon · 26th March 2010, 11:33

Quote:

Originally Posted by supremeBaleno

Our salary hike was last month and the overall range was 20-40%, which is pretty generous for these times. Guess the recession is slowly being left behind. I got a 36% hike - so no reason to complain.

Wow man. Thats great sum for a hike...

I am still waiting for my hike letter anyway the guess is would be around 8% to max, the fact that the inflation in India is around 12%.

That would mean real value quoteint of my salary is -4%

. My company is good but Chidambaram screwed up things..

mental4vray · 27th March 2010, 18:26

Just got a hike a couple of weeks. In my last year's review was promised a hike of 75% for this year but got 40% .....lack of projects being the reason.

Mpower · 27th March 2010, 21:55

Quote:

Originally Posted by supremeBaleno

Our salary hike was last month and the overall range was 20-40%, which is pretty generous for these times. Guess the recession is slowly being left behind. I got a 36% hike - so no reason to complain.

Congrats. Looks like SupremeBaleno will soon be SupremeAltis

mkh · 27th March 2010, 22:25

Quote:

Originally Posted by mental4vray

Just got a hike a couple of weeks. In my last year's review was promised a hike of 75% for this year but got 40% .....lack of projects being the reason.

wow- what industry? with lack of projects 40%!!! that is exciting

DCEite · 27th March 2010, 23:07

Best way to get any meaningful hike is to "jump".

Quote:

Originally Posted by Mpower

Congrats. Looks like SupremeBaleno will soon be SupremeAltis

Beg your pardon, it should be SupremeKizashi.

mkh · 29th March 2010, 12:42

Quote:

Originally Posted by DCEite

Best way to get any meaningful hike is to "jump".

Beg your pardon, it should be SupremeKizashi.

Lots of JUMPS are expected now, people who move usually are getting now 25% and above so its sure to happen. Strange that companies are willing to let people IN at 25% more than what they pay the guy who is leaving!!! Why not pay the guy even 15% more and retain him? i think its a calculated risk, lets see if the guy really moves or not, if not we got away with low expense, if yes, well maybe a risk worth it!!

Spitfire · 29th March 2010, 13:45

Quote:

Originally Posted by mental4vray

In my last year's review was promised a hike of 75%

Is this real or is my company fooling me?

RX135 · 29th March 2010, 14:07

Quote:

Originally Posted by mkh

Lots of JUMPS are expected now, people who move usually are getting now 25% and above so its sure to happen. Strange that companies are willing to let people IN at 25% more than what they pay the guy who is leaving!!! Why not pay the guy even 15% more and retain him? i think its a calculated risk, lets see if the guy really moves or not, if not we got away with low expense, if yes, well maybe a risk worth it!!

While what you are saying is absolutely logical, there are several reasons behind it. I am just quoting a couple of them.

Salary hikes are driven by % budgets, which make such corrections difficult.
Organizations know that there will be attrition anyway. So, for 25% people who leave they don't need to give hike to 100%.

naveenvenkatesh · 29th March 2010, 18:46

Quote:

Originally Posted by mental4vray

Just got a hike a couple of weeks. In my last year's review was promised a hike of 75% for this year but got 40% .....lack of projects being the reason.

I really need to get a reality check!!!!

My review is just around the corner. Keeping my fingers crossed. Was given 12% hike + quarterly bonus during the downturn ( no salary cut in our company last time), so hoping for the best now.

Bhargava_sr · 29th March 2010, 19:35

My previous company did a 5% cut from april-2009 salary and no hikes since 2008, good part they gave it back 5% cut in Jan-2010 and no hikes again this year.
I moved to a different company to gain a 49% hike in my new salary ..

Ranjan Sharma · 29th March 2010, 19:39

After a (NO SALARY HIKE) for a year and 5% salary cut due to Mr. Recession..

Got a hike of 44%

Ajay_J · 29th March 2010, 19:44

Quote:

Originally Posted by supremeBaleno

Our salary hike was last month and the overall range was 20-40%, which is pretty generous for these times. Guess the recession is slowly being left behind. I got a 36% hike - so no reason to complain.

Cherry on the cake is you get 14KMPL from your Baleno. Great Man!!! congrats.

Mr_Bean · 29th March 2010, 20:36

I am yet to get the hike, but my company feels i am overpaid

For people who are new (or) just started working, for the initial two year one would see double digit hike but as you grow and cross the 1 million mark per annum, it would be in the range of 5-15%..

kaushik_s · 29th March 2010, 20:53

Quote:

Originally Posted by Ajay_J

Cherry on the cake is you get 14KMPL from your Baleno. Great Man!!! congrats.

Mannn, some guys have all the luck. As for me I'm getting only 9-10kmpl from my car and still don't know about the hike. But it's really good see this kind of hikes. Ours not announced yet but seeing this kind of trend is kind of comforting.

27th March 2010, 18:26	#18
mental4vray Newbie Join Date: Sep 2009 Location: Mumbai, India Posts: 19 Thanked: 0 Times	Just got a hike a couple of weeks. In my last year's review was promised a hike of 75% for this year but got 40% .....lack of projects being the reason.
	() Thanks

29th March 2010, 19:35	#26
Bhargava_sr BHPian Join Date: Jun 2007 Location: HOSUR Posts: 317 Thanked: 18 Times View My Garage	My previous company did a 5% cut from april-2009 salary and no hikes since 2008, good part they gave it back 5% cut in Jan-2010 and no hikes again this year. I moved to a different company to gain a 49% hike in my new salary ..
	() Thanks

29th March 2010, 19:39	#27
Ranjan Sharma BANNED Join Date: Jan 2010 Location: Benga'loo'ru Posts: 290 Thanked: 2 Times View My Garage	After a (NO SALARY HIKE) for a year and 5% salary cut due to Mr. Recession.. Got a hike of 44%
	() Thanks

29th March 2010, 20:36	#29
Mr_Bean BHPian Join Date: Nov 2008 Location: Bangalore Posts: 891 Thanked: 241 Times View My Garage	I am yet to get the hike, but my company feels i am overpaid For people who are new (or) just started working, for the initial two year one would see double digit hike but as you grow and cross the 1 million mark per annum, it would be in the range of 5-15%..
	() Thanks