I am feeling little let down these days...my role and responsibilities have grown quite a lot in last year & half but my payment hasn't grown for last 16 months or so. In fact due to some strange tax and other calculations, the payment is reduced by a small amount in last few months. Next revision is due in June officially (though one was promised much earlier) and I am wondering what should I do!! I haven't grown monetarily over last 16 months, though I have single handedly lead the development efforts and have ahndled several resposibilities and tricky situations including some significant crisis and changeovers.
As such I haven't been a proponent of running after money as such, but it is disappointing to see that seniors do not reward this type of attitude on their own unless you demand. Also, my payment is more or less above market standards here - so it's not that I am underpaid - but not seeing any increase in payment in last 16 months does make me feel let-down & disappointed despite taking several additional rsponsbilities and demonstarting my prowess to handle the complex project on my own.
I am at crucial stage of my career and personal life, and wondering what should I do now. So I am contemplating 2 options -
(1) Put forward my case strongly in front of management so that I get significant rise in June. I have already waited patiently for 16 months and by june it will be 18 months. This is the longest period in my 7+ years career that I haven't got any raise. And people with much lesser expereince & exposure getting highwer pays does frustrate you - no matter how much I try otherwise.
(2) Start actively hunting for another job that would pay well. I am little reluctant to do this now as I am anticipating some major chnages in my personal life now. But of course, if needed (and if frustrated enough) I will consider that as well. But to get significant rise I will have to switch to management now, and as of now I don't have any offical expereince as a manager.
So what is adavisable in this sitation??? Any inputs/suggestion would be highly appreciated.
If you are ABOVE market rate then it will be risky to leave your job only to get something that pays less money. I say talk to them about it and see what they say. They probably know you are above market rate and are not looking to increase your rate more because of this. They may be waiting for the market to catch up with what your pay is, but even with that they still should be giving you the standard 3% cost of living raise.
I'm a little confused. You say you haven't gotten a raise in 16 months, which may or may not be normal. It depends on who you work for and how they do things. If it's a significant raise, that's one thing, but getting an extra 1000 bucks per year adds up to about 20 bucks per week. Not anything to fight over or complain about after only 16 months.
You say you are being paid on par or above par compared to others working elsewhere. If that's the case, I'm not sure looking for a new job is the best option, unless you hate your job.
If you are looking at a raise around 10K and up, then it's worth it to fight for. But if it's about 20 bucks per week extra, is it really worth the fight?
(1) The annual growth rate here in India is *at least* around 10-15% and even more in many places these days. (2) I am slightly better than average payers...the pay vary largely. I am paid much lesser than somewone earning 18 LPA; for example. (3) Besides,I work as a consultant - so I don't have any employee benefits and need to take care of lot of expenses myself. Thus a slightly higher pay is justified.
How much should I expect in Pune, India for my exprience and exposure? I have 7.5+ years J2EE and other diverse experience with lead responsibilities, but no management expereince - and I'd prefer to stick to project lead + designing + coding exposure for at least 2-3 years more.
well, even if you want to change and move on to another client, just wait till the next pay hike and see what is offered. If thats not upto your expectation, atleast you can demand a higher pay AFTER your pay hike here, and its just 2 months away anyway.
I feel that it is important that you have a healthy discussion and express your views to your manager. Since your appraisal is just 2 months due, that would be a good time for you to do that. Document your achievements and the challenges that you have taken in this Appraisal cycle. Fill it in your Appraisal document with facts, appreciations and rewards. Have a open discussion with your manager and express your views. Wait for the results of the appraisal before you take the next step. Meanwhile, update your CV, gather info (job roles, designation, salary & location) about the companies that you feel fit, so that you have done some homework for Plan B.
Hmm...Being a small organization, we don't have any structured appraisal process as such but I wil be definitely waiting for couple of months and next raise before I take any decision. Let's see what happens...
It's saddening though that after proving yourself over 3 years, you're not rewarded spontaneously and they try to squeeeze as much as possible from you unless you complain or demand!!!
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Hmmm...I am already getting a bit more than this. Anyway! I think salary restrictions are only in mind...companies seem to have gone crazy these days. I read in other thread that a company is paying 20 LPA to a person with 8.5 years experience (I know role is important) so I think I'll try to tap companies which could pay me more than 15 LPA in Pune/Mumbai or Banglore. I am open to relocation if package is good.
(1) The annual growth rate here in India is *at least* around 10-15% and even more in many places these days.
Not true, the growth rate has been hovering at around 6-8% with potential to touch 10%. More importantly our inflation rate stands at around 3-4%, so our real growth rate ain't all that staggering, despite what people say.