Did your company have a salary freeze where nobody got a raise the last three years? IF not, I recommend talking to your manager about what you are doing that they aren't happy with.
As far as whether to switch, what do you value more? Personally, I value not working on the weekends over more pay
Satyaprakash Joshii wrote:So after end of 5 years my salary may be little more than what it is now. Will that be ok?
I'd be more concerned about the "no increase" thing though. Often when some people get an increase and others don't, there are two reasons:
1) You are overpaid now (which doesn't sound like is the case with you)
2) They don't think you are doing enough. This one is something to worry about if true.
My package of 6 Lakh PA I think might not be bad at this stage.Suppose I spend 6 years in this company. My package at that time with 9
yrs exp would be near about my current package (considering the current rate). So at aroung 10 years exp I at this rate would end up with
package of approximately Rs 6.5 L PA. At that stage will I have to start looking for new job?
In India it is easier to switch job when you
have less than 6-7 years experience. So is it advisable to switch now only?
I am not looking just at today but few years down the line too.Suppose I spend next 5 years here. So after end of 5 years my salary may be little more than what it is now. Will that be ok?
Here a lot of people get chance to go onsite.
If yes (i.e. looks like budget freeze), have you given a thought for onsite opportunity? It is also a good way to earn nice amount of money.
Unfortunately it does not work that way. You've been in the industry for 6 years. So I presume you know that it doesn't work that way. Organizations need to see that growth and maturity in employees with the increase in their experience and they need to see why retaining us and keeping us happy is important -- I'd like to believe that it applies to all the workplaces unless there is some serious economic recession going on. It is also very hard for organizations to bring in a new employee or to let an old employee go. So when organizations start treating employees or specific employees differently, it's time for the employees to actually reflect on things, speak with their supervisors to get to know the root cause of the problem etc. That's what I think.
Maybe you should discuss with your manager about future prospects in term of salary.
I heard that each year they think about hike for that year only. So do they also consider what that this person had been in company for so long and his salary did not increase much so since he did good work let us increase his salary to make it fine with standards. I thought they do not consider all these things and just give some little hike they can give on previous salary. I have spent 3 years. I at end of 5th year they suddenly wake up and increase my salary considering the overall thing then also it would be okay with me but the question is do they consider this as I heard companies consider only a year while giving hikes and not factors such as how long the person has been with them?
If they gave you a pay rise would you stop wondering if you should leave? Or do you have other reasons for leaving?
Satyaprakash Joshii wrote:I wonder should a person work at the maxim salary he can get or should keep working where he enjoys.
Satyaprakash Joshii wrote:Below is an article published in forbes which had made me confused about staying in current company(which I like) or moving on:
Yes, there's a definite cost to changing jobs frequently. At some point you don't get considered any more because you switched jobs too frequently. Better to resolve things where you are now if possible, especially since you are otherwise happy there. And "if possible" may mean that you have to get out of your comfort zone.
Satyaprakash Joshii wrote: which would not look good.
Satyaprakash Joshii wrote:It is not that I am craving for more and more money. Only thing is that I am thinking for 5 years ahead. Today my package looks fine but say after 5 years salary increases at the normal rate here...then my experience would be 11 years then and salary would be around 7 lakhs which would not look good.
why are you worrying about what might happen five years from now? Nobody has any idea what will happen in five years' time, so you might as well focus on what you want to do in your career over the next year or so. If there are things you can start doing now to improve your salary/career prospects a year from now e.g. acquire new skills, take on new responsibilities, move into a different part of your organisation, pester your manager for a raise, then start doing them now. Review your situation regularly e.g. every year, and decide when it's time to move and what you will want to look for in a new job.
In the meantime, all this anxiety and paralysis by analysis doesn't seem to be doing you any good.
Look good to whom? That's they key question here.
Satyaprakash Joshii wrote:Jeanne Boyarsky
Look good to whom? That's they key question here.
As you said it is specific to the person. Just curious to know "Generally, do people who stay in same company for many many years earn a lot lesser than others or there is only a slight difference?". I know it would depend again on person to person but am asking the case for most of the people.
One piece of advise: ask your family and friends what they think. They don't need to be technical people. These are people that know your values.
Satyaprakash Joshii wrote:
During talks when I mention to them that on changing job I can earn approx this much they get excited and happy for obvious reason but they might not be knowing the hidden cost associated with it which may be extra hours at work or weekends.It means why would surely like but still it is my life and I would be the person sitting in front of the monitor for hours and hours not them.
Satyaprakash Joshii wrote:
When I had decided to do engineering I thought I will work after this in some good company and earn some decent salary little more than what normally people get. But I had thought this much only . I never knew that it would be a never ending race after money where one has to grow and grow and keep growing and carving more and more money. By this I came to know I am rather a simple person with simple expectations from life(a little more money than normal) and not made for this rat race but what to do everyone has to run and run.
When I had decided to do engineering I thought I will work after this in some good company and earn some decent salary little more than what normally people get. But I had thought this much only . I never knew that it would be a never ending race after money where one has to grow and grow and keep growing and carving more and more money. By this I came to know I am rather a simple person with simple expectations from life(a little more money than normal) and not made for this rat race but what to do everyone has to run and run
Keep in mind that as programmers, we earn a lot more than the average person.
For this reason they say that instead of being loyal to a company keep switching and earn a good salary over the years fast and keep a backup profession as anyone can be fired from job in IT profession anytime. So earn lot of money fast and invest in something along with keeping a backup profession for later life.
Does it also apply to many developers who work in India and their salary has increased only a little over the years?