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not satisfied with offer at [Company]

 
Greenhorn
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Hi,

I recently got an offer from [Company]. I was not good at negotiating as this was my first salary negotiation. I joined my previous company as a part of campus placement.

I worked for 3 years in Java/J2EE in my previous company. Gave an interview at [Company] and got an offer with just 20% hike on my CTC of previous company.

The thing is, my salary was hiked almost 1 and 1/2 year ago and it was 3.15 lakh. Now [Company] offered me just 3.75 Lakh and i accepted it. Now i am thinking that i could have negotiated better.

Now i see that even a fresher gets paid more than me. Also, they have made me a part of [DEPT A], but i am working in a project of [DEPT B].

I am really feeling depressed as i think that am really under-paid.
 
author
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Deleted reference to company name, because the company may not be relevent to a topic about being underpaid. Besides, don't want this topic to degenerate...

Henry
 
Marshal
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Welcome to JavaRanch

You should consider whether you would have been offered the job at all if you had pressed too hard for a higher salary. If you are happy to stay there, you would do well to work hard and prove your worth to the company, then next year you will have lots of evidence to negotiate a raise. I found a little video about it, which is particularly intended for British audiences, but the principles will doubtless be the same anywhere.
 
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Salary negotiation is an important skill. Job hopping during this time can be a little difficult, but you can negotiate a better pay based on who is actually employing you.

Some employers simply do not want to negotiate a salary. They have a "fixed" budget and will not budge no matter what the case is. Some will be willing to negotiate a little and some still have no bar on the salary(well almost).

By accept do you mean that you signed the hard copy of an offer letter ? Is it possible to somehow come out of this agreement. More importantly will you be happy with the new pay and type of work ?
 
shakeel ahmed s
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thanks guys...

Well, i think i will give it my best and talk to my manager during the appraisal period.
If things go my way then, it is gud. Or else i will start looking out.
 
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Some companies take it seriously to retain the right candidates. So, try talking to your manager. Before you talk to your manager, prepare for the following question. It is a skill to negotiate, but do your research and be realistic, especially in this tougher market.

Q. Why are you worth more? Reflect back on your past achievements, value-adds, contributions, etc.

If the difference in the salary is tolerable given the current market condition, etc, look for other benefits you are getting out of the company like opportunity to work on challenging and high profile projects, opportunity to learn new technologies/frameworks, opportunity take on leadership roles, etc. This will enable you to look at things as a package and prepare yourselve to make a bigger move when the market improves.


If you find yourself not being happy after evaluating the whole thing as a package, start looking for other opportunities. If you find something better and decide to move on, leave the current company amicably without burning any bridges.
 
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In small to medium scale companies the profit margin for that project plays vital role in appraisal.
 
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