I’m a software engineer at a mid size company. I have 1y3mo of work ex. Appraisals are around the corner, and although the work is great, the pay not so much. I earn less than 10LPA. How much of a hike should I deserve in this market assuming I have done a good job.
If you get to keep your job is a big deal. Whatever hike they give just take and relax.
Not really, If you are thinking you are killing it, ask more. Thing if you are important for the company, do they want to retain you? How hard would it be for them to replace or hire someone new? How is the company doing? Do they have enough funds?
Based on all this, come up with a good number based on market rate and you should get that number
10-15 percent in current market conditions.
I ended up getting 9% but I am planning to switch soon. Do I renegotiate for a better % or focus on switching?
you can do both,
worst case they stick to 9 percent
best case, you get X more
and then when you will switch on top of incremented salary
You owe it to yourself to get the max salary possible, just like companies choose the candidate with max skillset and compatability.
loyalty with yourself >>> loyalty with employer
Depends upon the company. But I think 10-15% is a reasonable ask if the company is in a good condition.
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