If your salary is NOT increasing by minimum 15%-18% a year, You need to ask your employer: (1) How will I ever account for 5% inflation/year? (2) How will I ever take care of my “Step-up” SIPs of 5%? (3) How will I ever upgrade my and my family's growing needs by a tiny 5%? ******** If you don’t find a good answer, find an employer who is ready to offer 15% more 🎯 It’s 15% OR a new employer!! #salary #switch #career
Abhishek Sagar
1mo
worst advice. Bas mendak ki tarah fudak te raho ... and 15% ... seems u live in your own bubble.
Why 15%.. Why not 20, 30 or even 50% annually?? The very premise of your statement is flawed and with absolutely no scientific relevance. To add a few more points here - The Bottomline of most organisations in traditional business grows between 5 to 7% annually. The GDP of India - which is one of the fastest growing global economies has not crossed 7-8% consistently since ages. So if LinkedIn likes wasn't the original objective of your post, a few perspectives that may actually help people - It's the Business function ( and RARELY the HR) that decides the compensation for a role. An organisation pays you not for what you THINK you are worth but for the role that you are executing in that organisation & the monetory parlance (industrywise) the role brings. So either you keep Upskilling yourself continuously so that you are adding additional value to the organisation and therefore getting good increments every year or keep hopping around from one company to another for 3-5 years until you get branded as a "Job Hopper" and then stop getting both hikes as well as jobs.
Ananda Pathuri
1mo
This is a completely flawed argument and lacks basics of macroeconomics. If salary increases go past inflation by such a huge number, the inflation will skyrocket to make up for all the money people will have. The argument is flawed, the advice doesn't make sense.
These influencers have no clue of ground reality. So called Financial Influencers are like leaches who feed on insecurities of Corporate Employees. It's imperative that they are going to fuel more insecurities through their narratives. Worst part is - Day by day LinkedIn is losing its purpose and it's getting closer to other social media platforms when it comes to spreading political narrative or needless Influencers.
Anirban Kesh
1mo
Agreed to your point but as influencers you need to stop staying in LALA land and have a hold of what happens in the industry. Your posts like these are viewed by so many people and as an influencer you should be responsible enough to post logical arguments.
I disagree by 50% from this logic While financial compensation accounts for majority of what you work for but for me rest 50% comes from (1) Work life balance (2) Work culture of the organisation (3) Learning opportunities While India is growing rapidly, I’m afraid this financial growth is not offered by a lot of organisations in combination with the aforementioned points.
I hope you also have a formula for organizations to grow at 15% or more per annum since, without it, the salary overhead will become unsustainable and eventually lead to layoffs. I also hope that readers will be using their intellect before adopting your advice and leaving their jobs.
Abhishek Verma
1mo
I don't feel its relevant as per current market situation where staying in job is more crucial than 18% hike. You can refer to your own post of few days ago, where you mentioned about layoffs. Also I don't think even new employers will give 15-18% now a days, irrespective of the skill set. An exception can be if you are CEO or CTO.
On a mission to be financially free by 2030 || Investor || Content Creator
1mo5% Step-up SIP could do wonders, here is the math: Normal SIP: 10,000 per month 12% CAGR 40 years You build around - 11.9 Crore Step-Up SIP: 10,000 per month 12% CAGR 40 years 5% Step-Up every year You build around - 18.6 Crore I speak about money on YT - https://www.youtube.com/@torahulj