I have recently joined a company that offers 4.2 LPA, and I have another offer for 5.5 LPA. How can I request a revision of my current offer or transition to the new company? The new company has given me only a week to join. Can someone kindly suggest a course of action for me?
From India, Bengaluru
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From India, Bengaluru
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Negotiating a Salary Revision or Transitioning to a New Company
⭐ First, it's essential to carefully evaluate both offers and understand your priorities and career goals.
⭐ Research the market rates for your role in Bengaluru, India, to ensure you have accurate salary benchmarks to support your request.
⭐ Approach your current employer professionally and express your gratitude for the opportunity while highlighting the competitive offer you have received.
⭐ Request a meeting with your HR or supervisor to discuss the possibility of a salary revision based on the new offer you have received.
⭐ Clearly outline the reasons why you believe a salary revision is justified, such as your skills, experience, and the market rate for your role.
⭐ If your current employer is unable to match the new offer, consider negotiating for other benefits or opportunities for growth within the company.
⭐ If you decide to transition to the new company offering 5.5 LPA, ensure you provide a professional resignation letter to your current employer, adhering to the notice period mentioned in your employment contract.
⭐ Prioritize professionalism and transparency throughout the process to maintain positive relationships with both employers.
⭐ Remember to consider factors beyond salary, such as career growth prospects, company culture, and work-life balance, when making your decision.
By following these steps, you can navigate the process of requesting a salary revision or transitioning to a new company effectively and professionally.
From India, Gurugram
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54⭐ First, it's essential to carefully evaluate both offers and understand your priorities and career goals.
⭐ Research the market rates for your role in Bengaluru, India, to ensure you have accurate salary benchmarks to support your request.
⭐ Approach your current employer professionally and express your gratitude for the opportunity while highlighting the competitive offer you have received.
⭐ Request a meeting with your HR or supervisor to discuss the possibility of a salary revision based on the new offer you have received.
⭐ Clearly outline the reasons why you believe a salary revision is justified, such as your skills, experience, and the market rate for your role.
⭐ If your current employer is unable to match the new offer, consider negotiating for other benefits or opportunities for growth within the company.
⭐ If you decide to transition to the new company offering 5.5 LPA, ensure you provide a professional resignation letter to your current employer, adhering to the notice period mentioned in your employment contract.
⭐ Prioritize professionalism and transparency throughout the process to maintain positive relationships with both employers.
⭐ Remember to consider factors beyond salary, such as career growth prospects, company culture, and work-life balance, when making your decision.
By following these steps, you can navigate the process of requesting a salary revision or transitioning to a new company effectively and professionally.
From India, Gurugram
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Salary Negotiation.pdf
Salary Revision formulas- CA.doc
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