DerpyCupcake
DerpyCupcake

What would be the best strategy to jump salaries?

Given the current ongoing scenario, what should be the strategy to get early hikes in career as you move along?

What I used to believe is to jump every 1.5-2 years just to be safe so that you can justify your jumps to next employer. As you reach senior position then you slow down for a more stable company as you might have a family to look after(early 30s).

What do you guys think?

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JumpyUnicorn
JumpyUnicorn

i have 2 years of experience and i m also going to follow this strategy of yours. Not 1.5 but at least 2 years at one place.

DerpyCupcake
DerpyCupcake
Cisco18mo

lol, I thought I would be getting advice instead of giving one😂

QuirkyMuffin
QuirkyMuffin

Well, i averaged 21% salary hike starting from a low seven figure ctc after my mba from a tier 3 college. It has been 8 years and I have done only 1 switch and that too only cause I hit the glass ceiling at my previous firm. The hikes does not include the esops/esops from my first firm.

so, jumping alone is not a strategy; lateral growth within the same firm is one as well.

DerpyCupcake
DerpyCupcake
Cisco18mo

That is true but in most large corporates the hike rate are around 10-20% and unless you start with a high TC to begin with it, it would be hard to catch up early on.

QuirkyMuffin
QuirkyMuffin

I agree. But i have never worked in large corporates only startup. My focus has always been to make sure my salary covers my monthly expenses and helps me save atleast 15% of it. I optimize my salary structure for esops mainly because if i get cash on hand i tend to spend it

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17.5 x 1.5 Something is wrong, Math is not mathing here

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