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Why do companies need to know current salary?

 
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nearly every other consultants mail from india has something like this mentioned

Plz SEND YOUR with the following details to xxx@xxx.com

1. Present CTC
2. Expected CTC
3. Notice period
4. Proper conta ct details

NOTE: WITHOUT ABOVE DETAILS CV CANN! OT BE PROCESSED

consultants from Australia generally tell you what the job could pay.
 
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Originally posted by Ajay Mathew:
nearly every other consultants mail from india has something like this mentioned

Plz SEND YOUR with the following details to xxx@xxx.com

1. Present CTC
2. Expected CTC
3. Notice period
4. Proper conta ct details

NOTE: WITHOUT ABOVE DETAILS CV CANN! OT BE PROCESSED

consultants from Australia generally tell you what the job could pay.



Ajay,

well most of the indian companies will ask your present CTC so that based on ur present CTC , they can make the suitable offer. Your expected CTC is required to see whether you fit into their budget allocated for that position. Notice period is required to know your joining date.
Contact details , self explanatory

regards
Amit
 
Aj Mathia
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True,
but why is it mandatory.
 
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Originally posted by Ajay Mathew:
True,
but why is it mandatory.


sending the information is not mandatory!!..
Companies like Wipro/Infy/TCS/Satyam have specific salary standards based on your experience and price of your skills in the international market.If you are earning much above than standard then they may not call you for interview.If its below,you will be called for the interview.If the position is crucial and demanding then regardless of what you earn they will offer good package.
[ July 16, 2006: Message edited by: Arjunkumar Shastry ]
 
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Originally posted by Ajay Mathew:
True,
but why is it mandatory.



I understand this could be a part of the preliminary filtering processes. If you notice a few years back when IT was just bouncing back in India there were fewer jobs and due to the demand-supply equation only the best candidates got opportunities in terms of their academic performance and experience.
Right now since the market is in a boom the major criteria even for 1 yrs experienced guy is salary and related matters. So later on even if the candidate is selected and does not fit the budgets its a waste of the entire processes. Since these are the points where candidates can join/refuse to join.
Anyways even if you dont give them this information I'm sure they will come back to you to ask you verbally on your expetations if your profile is really good...

HTH

Cheers
Vishal
 
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they want to see whether you would fit into their budget.

BTW, foreign companies dont ask for this.

They interview hard....and picks up the real talent .
 
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Originally posted by alfred jones:
they want to see whether you would fit into their budget.

BTW, foreign companies dont ask for this.

They interview hard....and picks up the real talent .



Which foreign companies you are talking about?
:roll:
 
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First, I would skip those companies that email me using the spelling "Plz".

Second, unless there are laws in India I'm unaware of , they don't need to know it. However, it does tell them two things... 1) where you fit into their budget, 2) how cheaply they can hire you. I expand on the latter point here.

My advice is to tell them what you are looking for, instead of what you make, since that meets their need for (1) but doesn't hurt you on (2).

--Mark
 
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Originally posted by Mark Herschberg:

My advice is to tell them what you are looking for, instead of what you make, since that meets their need for (1) but doesn't hurt you on (2).



There's also the issue of regional differences in pay - I certainly can't say anything about it overseas, but within the United States, that's sometimes a major factor. My salary at my last job (in south Texas) was sufficient for comfortable living, for example, but the same pay in my current job (Baltimore, MD) wouldn't even cover the rent on an apartment. *shrugs* That's the other thing to factor in if you tell them what you make.
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