Hi, i recently joined tech mahindra business services, as usual the hr offered me a 30 % hike on previous salary, why is this so?
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Many companies have their own wages and salary structure. So, the salary offered to you may be as per the salary structure of that establishment (parity in wages and salary), which stands 30% more than what you were getting from the previous establishment.
Please let me know if you need any further assistance.
From India, Mumbai
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734Please let me know if you need any further assistance.
From India, Mumbai
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That varies from company to company. But on standards people fixed the hike would be 30%. Its better to demand as per the previous salary and experience.
From India, Hyderabad
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From India, Hyderabad
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Dear Annonymous. How much did you ask? Why are you now thinking about the hike in general? The hike to any new aspirant depends on many factors,which Management has to decide and finalize.
From India, Hyderabad
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From India, Hyderabad
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I feel a new company should take into consideration the normal salary increase in your previous organization, which was 20% in a year, with an additional 10% increase for your selection. This would make for a total increase of 30%, which is in line with industry norms. However, if you are more experienced and qualified, you may be able to negotiate for more, depending upon your bargaining capacity.
Regards
From India, Mumbai
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Regards
From India, Mumbai
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(Fact Checked)-The reply provided is mostly correct. It is common for companies to have their own salary structures that determine the offered salary, often resulting in significant variations from previous salaries. (1 Acknowledge point)