A difference between 30 and 40% is not very high
In addition, with the new company you have to relocate, which has its own problems (what's the cost of housing in the new location?)
Further, they are going to give you a higher designation and higher pay after 4 months, which will definately out you higher than the 40% the new company is offering.
About your being the bottom of the bracket, you need to speak to your manager and hr to work out how your career can be accelerated and what you need todo to move up faster.
Taking up the counter offer after resigning is not unethical. Sure, you put the new company in a spot as they have to recruit someone else, but you need to think of your future, not theirs
Having said that, you also need to see a few other things :
- is your existing company looking at this as a blackmail ? Meaning they are reluctantly offering you a rise ?
- how will this affect your future relation with your company, managers and others ? You can't keep threatening to leave every year
- the possiblity of future growth in your current industry (as compared to the niche you were going to join) and the chance of moving from here to elsewhere in the next 2-4 years
The decision is going to be on a combination of all of that
From India, Mumbai
2383In addition, with the new company you have to relocate, which has its own problems (what's the cost of housing in the new location?)
Further, they are going to give you a higher designation and higher pay after 4 months, which will definately out you higher than the 40% the new company is offering.
About your being the bottom of the bracket, you need to speak to your manager and hr to work out how your career can be accelerated and what you need todo to move up faster.
Taking up the counter offer after resigning is not unethical. Sure, you put the new company in a spot as they have to recruit someone else, but you need to think of your future, not theirs
Having said that, you also need to see a few other things :
- is your existing company looking at this as a blackmail ? Meaning they are reluctantly offering you a rise ?
- how will this affect your future relation with your company, managers and others ? You can't keep threatening to leave every year
- the possiblity of future growth in your current industry (as compared to the niche you were going to join) and the chance of moving from here to elsewhere in the next 2-4 years
The decision is going to be on a combination of all of that
From India, Mumbai
Firstly you should have taken it up with your present employer as to offer you are getting & whether they are interested to match that.Firstly why should they want you to wait out for 3 months when they are interested to retain?If they insist on waiting then put a clause as to receive these 3 months hike as pending bonus,coz why should you lose out on hike amount just because they want to wait.If they are serious they will wait it out.As someone rightly said they maybe looking for replacement of you in between who knows.Everything should be in writing as people may not keep their commitment.Morever if you have exp of 3-4 yrs having new exp in a different co always gives a boost to your career.So if relocation is to a city you like think no more.Morever if you are competent enough why are you in the lower bracket of salary structure?It means co take advantage when they can,so who knows they wont in future?
From India, Bangalore
From India, Bangalore
Hello sid.biswal123,
Your view is so correct from employee's point of view but just because I know this due to the poster's earlier thread am sharing it with you -
CE has put a clause of hike in salary after 12 weeks / 3 months as the notice period is equal to 12 weeks / 3 months & hence even if decides to leave he has to work at same salary for this period.
Also it has a different angle to it. I feel no company would give you rise now when the appraisal is just within 3 months. Company would also want to check employee's loyalty. What if the employee again demands hike on the incremented amount and leaves within 3 months with some other NE.
I agree to what you mentioned later stating that the hike of 30% should be ensured somehow or increased to 40% & to weigh the opportunity in terms of growth. But when the CE has offered 30% hike it has weighed the opportunity cost. Am sure the poster would have mentioned about relocation & hence CE took an advantage of it.
From India, Ahmedabad
Your view is so correct from employee's point of view but just because I know this due to the poster's earlier thread am sharing it with you -
CE has put a clause of hike in salary after 12 weeks / 3 months as the notice period is equal to 12 weeks / 3 months & hence even if decides to leave he has to work at same salary for this period.
Also it has a different angle to it. I feel no company would give you rise now when the appraisal is just within 3 months. Company would also want to check employee's loyalty. What if the employee again demands hike on the incremented amount and leaves within 3 months with some other NE.
I agree to what you mentioned later stating that the hike of 30% should be ensured somehow or increased to 40% & to weigh the opportunity in terms of growth. But when the CE has offered 30% hike it has weighed the opportunity cost. Am sure the poster would have mentioned about relocation & hence CE took an advantage of it.
From India, Ahmedabad
I agree with QUAMREAZAM.
After resignation, accepting counter offer is not ethical,
even if company agrees to pay you equal to what other company offering you, and right from this month.
What will you do if this year and again next year you are not considered for your regular increment/ promotion?
Now you are leaving the company with good gesture/ relations, they may welcome your entry as a friend.
If really satisfied with your working, they may offer you new designation & better salary at a later date.
AK MATHUR
From India, Delhi
After resignation, accepting counter offer is not ethical,
even if company agrees to pay you equal to what other company offering you, and right from this month.
What will you do if this year and again next year you are not considered for your regular increment/ promotion?
Now you are leaving the company with good gesture/ relations, they may welcome your entry as a friend.
If really satisfied with your working, they may offer you new designation & better salary at a later date.
AK MATHUR
From India, Delhi
then he can always ask his new co to buy out his notice period.An employee can jump after appraisal hike too if he thinks he has been short changed.Company & employee have to show a little bit of faith in each other drawing from past exp with each other.You have to give in a little bit to receive a little bit.As i said company can pay 2/3 months hike as additional bonus after appraisal instead of pending salary so that employee doesn't think he loses out.As employee is in the lower bracket then co is not losing out much by over paying.Morever it will get a dependable employee for future.My question is co don't want to pay till it is a must.This is what hampers relationship.If you think he is contributing to your profit then pay the market rate.Coz sooner or later he will be aware of his value & then he will feel short changed or work with a grudge.A disgruntled employee is never good for work force morale.Why do co are very agile in CEO pay hike without commesurate performance but think of all angles to wriggle out of a hike/bonus for a performing employee?
From India, Bangalore
From India, Bangalore
Dear Avloc2003,
I would put it like this. It's U who sought a change and U should be the better person to decide which is better.
However, all said and done, both the options being equal, consider the following aspects which may help U to decide finally -
1. How about your family ? R U married, with children, what is the impact on this family life on the change, change would be for better or worse.
2. Do you personally like to work in a new place, new office environment, new colleagues, new assignments, new world, new opportunities, new challenges vs. uncertain growth in CE Incidentally how long U worked in the Current Employer, do you consider it adequate, enough or not enough. Was your experience during this period good, average or bad. Can U Rank it. Do you have the job satisfaction
3. It is true the CE offer you 30% hike after 3 m. What if the person who offered himself switched over in these three months. Who would stand guarantee ?
4. Have you studied the prospects in the NE co., is it promising ?
If your tenure with the CE is reasonably adequate for your domain then a change over always helps for your CV, as you would have experienced more than adequate.
Yes, I would have evaluated all the above questionnaire and compared with the 30% hike to come to a decision.
All the best.
kumar.s.
From India, Bangalore
I would put it like this. It's U who sought a change and U should be the better person to decide which is better.
However, all said and done, both the options being equal, consider the following aspects which may help U to decide finally -
1. How about your family ? R U married, with children, what is the impact on this family life on the change, change would be for better or worse.
2. Do you personally like to work in a new place, new office environment, new colleagues, new assignments, new world, new opportunities, new challenges vs. uncertain growth in CE Incidentally how long U worked in the Current Employer, do you consider it adequate, enough or not enough. Was your experience during this period good, average or bad. Can U Rank it. Do you have the job satisfaction
3. It is true the CE offer you 30% hike after 3 m. What if the person who offered himself switched over in these three months. Who would stand guarantee ?
4. Have you studied the prospects in the NE co., is it promising ?
If your tenure with the CE is reasonably adequate for your domain then a change over always helps for your CV, as you would have experienced more than adequate.
Yes, I would have evaluated all the above questionnaire and compared with the 30% hike to come to a decision.
All the best.
kumar.s.
From India, Bangalore
Dear Avloc
All experts would keep on advise you for all time to come. In the end you would be more confused than clear. Close your eyes, weigh your options, as you are the best judge of your situation and position and than decide. Please thank everybody and close the discussion.
regards
Ravi Thakur
From India, New Delhi
All experts would keep on advise you for all time to come. In the end you would be more confused than clear. Close your eyes, weigh your options, as you are the best judge of your situation and position and than decide. Please thank everybody and close the discussion.
regards
Ravi Thakur
From India, New Delhi
Hello All,
thanks for taking time out & sharing your views, these have been extremely helpful. However, i read these after taking the final step. Nevertheless, it helps reinforce my decision which has been a difficult one.
I finally decided to call it quits. The counter offer sounds practical but i would not have been happy. In my heart i don't see a future with the present company.
Maybe i am successful, maybe i am not at the new job. but then again at least i tried to grow and was not given a handout. at the end of the day its all about experiences and i want to experience a new place a new job and if i can recreate my success.
Thank you all for the help.
PS: Please close this thread.
From India, Hyderabad
thanks for taking time out & sharing your views, these have been extremely helpful. However, i read these after taking the final step. Nevertheless, it helps reinforce my decision which has been a difficult one.
I finally decided to call it quits. The counter offer sounds practical but i would not have been happy. In my heart i don't see a future with the present company.
Maybe i am successful, maybe i am not at the new job. but then again at least i tried to grow and was not given a handout. at the end of the day its all about experiences and i want to experience a new place a new job and if i can recreate my success.
Thank you all for the help.
PS: Please close this thread.
From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Offer letter.pdf
Sample Internship Offer Letter.doc