QUOTE(CuteSniper22 @ May 17 2022, 06:31 PM)
Icic, but with such high increment, I have a major concern. My current company policy is like this: HR will tie & fit their salary level with job title/position. Meaning when salary increment meet until certain level & the person must promoted to higher job position which lead to wider job scope (all lumpsum tasks given? I really hated paperworks)
I wonder majority of companies behave like tat? CAn normal staff (non-manager level) able to gain salary of 10k above?
There are factors of why the increments given are high, some of it are:I wonder majority of companies behave like tat? CAn normal staff (non-manager level) able to gain salary of 10k above?
- High turn over rate, they need to maintain head count hence they would want to have a steady influx of people joining them filling the vacancy.
- High commitment for the work as you mentioned, usually it will cause high turn-over rate.
- Indeed, you are underpaid, so always check the market rate for the job you are applying for. I used multiple sources i searched online to get the idea.
- You are going vertical in the job grade ladder like a promotion, typically like from one job grade to another. In software company nowadays, Managers aren't necessarily higher level than like Staff/Principal Software Engineer or even as Software Architect. It is simply a different career path (one managerial, another as high rank Individual Contributor)
- Your previous company salary PIR (Pay in range) for the same job grade (like Senior Software Engineer, or SE III) are much lower than the other company's PIR. It largely depends on how strong financially the company is doing generally.
- Start-ups =/ I do notice start-ups offers really high salary jump to acquire talent, so in my opinion there are few things to check because it can be risky. One example the start up got large funding but yet to be profitable, and doing mass hiring. This means the cash-burn is really high. If operational cost outweigh the profit for a long time then you can anticipate company closure/retrench/etc.... It happened to a few of my friends before. On the bright side when you notice this is likely to happen, you have greater advantage to negotiate higher salary in a more stable company for a job hop.
Those are what I have in mind, of course there are more factors out there that you can do some research on