How to estimate my actual salary from market standards
Hello guys I feel it is difficult to calculate my worth as per market standards to negotiate salary. Do you guys have any tips?
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x 10 your years of experience if in IT. Pretty simple benchmark I use. If you close to x10 then you're fairly compensated by all standards.
If you already at x15 and trying to switch with less than 1yr at current role then you need to be laid off.
If you are x30 then congratulations you are in 0.1% of your peer group.
An example will help, x10 of what. If someone is 5 yoe then 5x10 = 50L ??
Yes. YOE*10
By this logic a 14 years exp should be getting 1.4 cr to be considered fairly compensated, how many in India make that much in fixed component, probably excluding ppl from tier 1 colleges
But it's true Faang/top startups do pay 1+ to 14+yr exp guys. And x10 is not the 50:50 line but more of a benchmark for a 80:20 split.
And kab Tak apne aap ko tier 1 noobs seh kaam samajhte rahoge. The only difference between you and them is that they scored more marks in a PCM paper while you were kids.
YOE*3 should be minimum expectation, this ofcourse doesn’t apply to freshers. You can consider this after 2 YOE and beyond. This way it should be in sync with market expectations, like 5 hrs should get atleast 15 LPA, 10 yrs with 30LPA and beyond