I have got an offer from another company. Before telling you about the hike, I want to explain my current CTC Structure.
My current CTC is 17 LPA (Fixed: 15, Performance: 2). Other than that the company offers bonuses like Joining and retention of 8L. But my current employer has applied some shady tactics like they added Retirals(like employer contribution to PF, Gratuity) and Benefits (like insurance premiums) into my Fixed component. If I remove them my Fixed would come down to 13.6 LPA. Even the retention bonuses come with a clause that I have to be in the company for 1 year after receiving the bonus otherwise I will have to return it.
Now the New Company (Startup) is offering me a fixed of 25.25 LPA and 1.25 Performance and 1.25 Other Benefits (Insurances, etc) + ESOPS (value not specified).
Now my question is, Should I have asked for more base salary? I must say, I am more than happy with what they have offered me because I was not even expecting that they would accept 24LPA as fixed as this is my first switch (YOE: 2 overall). This is around 85% of Hike on the current base (13.6). So I have accepted the offer without even negotiating. But the society... They are telling me that you could have asked for more, you could have gotten more. I am pretty new to the industry so please don't judge for being a noob. Do you think the hike that I received is generous and did I make a mistake by not even trying to negotiate the salary?
In general, it's always good to negotiate even if you think you got the best deal already. That's a skill & experience which'll always help in future. Maybe that's why you got similar advice from your circle.
You got a fair deal for sure. Definitely no need to regret it.
Thanks @Lalo. I will definitely keep that in mind.
If the 8L retention is included in the 17L, then u have cracked a good deal else no as ur earning potential was 25L annually and now its about 27.75
Fuck the society, you did well dude.. almost all the companies give hike based on your last CTC unless you are holding an offer with higher CTC.
Society never want anyone to be happy.
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