Very nice video with useful information packed in! What is your expectation is a very tricky question in interviews, very well tackled with the replies quoted in the video!
In India, in the first call when the HR approaches me, first few questions include what is CTC and what is expected CTC, even big product based company. And no matter how much I try to avoid that question in the first call they anyhow take answer of it saying that we can’t proceed ahead given we have budget for this position. What is your suggestion on that 🙂
That's good and bad for a reason. It's good because if you are not in their range your time will ot be wasted. I suggest you always ask the salary range before they go on with JD and role and location and all that. Money is first
Nice video, well explained... And your other video explaining that the package they offer will also commensurate with the additional responsibilities they would expect out of the candidate. I am not sure if my case is uncommon, but what if I am in a power position, the company considers my skills an unbeatable combo... and I tick all boxes including negotiation. But there are many people who are ready to do take up the job at a fraction of my current pay, the package I am getting from my current company (India) ... There are aspirations and needs to move for people in such positions also...(I know many living examples) And settling for a lower package is not a logical solution for all cases.. I really would like your insights..
Nice video, glad that now these things are talked about , I myself many time got low-balled Sir , but one question , I have tried not revealing my salary to recruiter of HR , but particularly in India they wont even take the process forward unless they know current salary. In such case candidate is left with no choice but to reveal his salary. How to deal with such case , this is very common in India ( Going Anonymous for obvious reasons)
Hi sir..very informative video.. I have a quick followup question on this.. I am in a position wherein , even before the HR shared the JD for the position and the interview rounds, they asked me the current and expected CTC, i gave away a premature reply of X salary and 1.3X minimum expectation. Now as I walked through the 4 rounds of interviews, i researched the market rate for that position from various open sources and colleagues working in that same organization..and learnt the payscale for the position is itself 1.6X-2.1X(X being my current package).. Also, I believe i am in a power position as I have cleared the 4 rounds of interviews and am scheduled to have the HR round shortly.. How to negotiate and handle the situation in this case..? Can I quote the market rates and the payscale that i learnt from my friends working in the org? What if the company offers me lets say 1.4X only?
Hi Abhishek, Given the situation you are in you should definitely ask for market rates. You should also upfront ask them for the level/ grade in which they are hiring you and if they have a payscale for that grade/ level (do not mention about you knowing some other employees of the company - this may not be taken in the right spirit because salaries are supposed to be confidential). You can also play the card of having another offer in hand but that may lead to unnecessary hassle of producing a competitive offer letter etc. I hope my response to your question is not too late. Do let me know if you would like to speak to me. Thanks Anand
@@CareerTalk infact i know the grade for which they selected me(since it was mentioned in the JD) and have researched about market rates and the payscale for the subject grade.. So i was planning to mention about the same in case they offered me less. Please share your number sir, as I would like to speak to you further regarding the same.
@@CareerTalk I am in a similar situation. All rounds were extremely well, and released the offer letter in a day. But still failed to get 30% hike becoz of poor negotiating skills. I got equal to my current pkg if I minus my variable component. Pls suggest if any way get a decent increment now ?
I'm in hunting. Wonderfully useful tips, we have to revert back the question on the roles and responsibilities of that position when asked for expectation... Can we also show case our various technical skills? But most of the HR doesn't aware of the technical skill associated with a programming language. They think, a java resource will work only in java but in real world applications that's not the case !!!
I agree that in most cases the recruiter may not understand technology but still there is no harm in mentioning that you have additional skills. You never know, at times it may catch attention of someone who has a flair for technology.
Sir I cleared the technical round one company they offered only 23% only. But they said u joined current organization very recent only. I requested for re discussion of ctc.kindly advise me.
Hello Faiz, Did you research the market salary range for your skill, experience, location? Here is a video which may help you determine that and help you discuss with HR... ruclips.net/video/tVNFU9nQiD0/видео.html
@@CareerTalk How to handle with people who rejects the candidature at final managerial round after hearing my ectc after clearing all the rounds? Provide some guidelines. Even if it's explicitly discussed with HR before taking the interview. If we say the ectc rejection, even if said then also rejection. 😔
I was giving interview and expectation was CTC of 13 lpa but found out this role gives 14 as fixed component , so quouted 16 and eventually got 15 as fixed component and ctc of 20 lpa but I wish I had quoted 17 as fixed component as I did very good in interview for junior role of developer. Anyways, don't want to feel greedy as I already jumped from CTC of 5 to 20😊
What if when we cross question about the pay scale for the job designation and the role , the HR says you should first disclose your current CTC and the expectations or the discussion is in the edge of the conflict?
Yes absolutely Babu. You may ask for that. There is nothing wrong in asking what you think you deserve for that position. Also you must mention the value that you can add to the job and quote similar experiences of how you have done it in the past
Not applicable to India. Sometimes consultancy firms reveal the budget but not company HR as their KPI is based on hiring candidates at low cost possible. Additionally this negotiation is applicable for tenured or niche skilled employees only.
Hello Sachin, Base salary is a fixed amount of money paid to an employee by an employer. A base salary does not include the benefits, bonuses, or other potential compensation an employee might receive in addition to the base salary. In hand salary may include base salary plus other monthly incentives after deduction of taxes. Thanks Anand
Hi Anand I have an experience of 3 years and as per the market value the salary range is good for my skills but my current salary is less And while switching the job when the recruiter asks about my previous salary and the negotiation starts on the basis of my previous salary, how to tackle this situation
Hello Nikhil, You need to tell them that you have done the market research and found the salary range with respect to your skill, experience, location etc and hence your expectation is Rs ...
@@CareerTalk sir plz 1 more reply.. I already shared but after that if I joined the previous Company whose offer letter shared then will there be any problem?
@@CareerTalk actually sir its my First switch.. To mujhe share karne k baad laga ki jisse maine share kiye wo complaint to nahi karte honge na jis Company ka maine share kiya unse, If I will not join their Company due to any reason..That's why I m Afraid.
Note: Don't do this with German companies, they're always straight and just quote a figure without wasting time. Ofcourse you can use the tips in video in our country. Thanks
Yeh log youtube mein gyan pelna ajatey hai. Non sense this does not work in India. Most are underpaid in India. Every company wants cheap labour, unless you have extra special skills such as ML, Data science, AI etc where talent is less. For other regular jobs, you get a hike percentage based on current salary. But if your current salary is on higher side, then they don't hire you, simple.
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Good Initiative Anand ! However - no company / recruiter discloses the salary range to any candidate - at least in India.
that's right.. but you can get an average salary range on portals like glassdoor a ambitionbox. you can check that for your current organization
I missed to watch this video on 3 years before. Its good eye opening video. Thank you Sir!!
Very nice video with useful information packed in! What is your expectation is a very tricky question in interviews, very well tackled with the replies quoted in the video!
Thank You Ananth, I am happy that you found it helpful. Yes presence of mind and tactful communication are extremely important in #interviews.
Thank you Anand sir for sharing such insights🙏🙏
thank u so much for the video. it was awesome! THANK YOU!
Hello Hasan, Thank you :)
Thanks for the information Sir.
This is Gold!💎
Very helpful. Thank you is small for your help sir
Thank You
Thanks a lot sir for sharing such valuable insights. Keep guiding us.
thanks this is really helpful.
Glad it was helpful!
Very informative sir...Thnq for the tips
Thanks a lot Muzafaruddin 👍
Great job, very useful to me, thank you very much
Thank You Sreenu. I am glad you found it helpful.
very informative ! Thank you Anand :)
I am glad you found it helpful. Do share and spread the word.
Good advice
Very practical and much useful information for those who are less than 10 to 15 years of experience
Negotiation part. Thank you so much
Thank You Shubham :)
Very good insights...it's greatly helpful
Thank You Bala. I am glad you found it helpful.
In India, in the first call when the HR approaches me, first few questions include what is CTC and what is expected CTC, even big product based company. And no matter how much I try to avoid that question in the first call they anyhow take answer of it saying that we can’t proceed ahead given we have budget for this position. What is your suggestion on that 🙂
That's good and bad for a reason. It's good because if you are not in their range your time will ot be wasted. I suggest you always ask the salary range before they go on with JD and role and location and all that. Money is first
Nice video, well explained... And your other video explaining that the package they offer will also commensurate with the additional responsibilities they would expect out of the candidate.
I am not sure if my case is uncommon, but what if I am in a power position, the company considers my skills an unbeatable combo... and I tick all boxes including negotiation.
But there are many people who are ready to do take up the job at a fraction of my current pay, the package I am getting from my current company (India) ...
There are aspirations and needs to move for people in such positions also...(I know many living examples) And settling for a lower package is not a logical solution for all cases..
I really would like your insights..
Hi, second part of your question is not clear to me, can you please elaborate or rephrase?
Thanks for such wonderful video 😊😊
Thank You Kajal. I am glad that you found it helpful.
Thanks for sharing 🙏
If you ask hr about payscale, they will also quote a lower range which wont be very high from current ctc
We are not sharing that initially,right.
Quite helpful.... Thanks 👍
My pleasure 😊
Nice video, glad that now these things are talked about , I myself many time got low-balled
Sir , but one question , I have tried not revealing my salary to recruiter of HR , but particularly in India they wont even take the process forward unless they know current salary. In such case candidate is left with no choice but to reveal his salary. How to deal with such case , this is very common in India
( Going Anonymous for obvious reasons)
Need more data or info to know about stock options in salary...finding difficulty to understand
Very insightful session. Thank you so much Sir
Thanks for your appreciation. It helps and motivates us.
Thank you so much Sir for this valuable information
Very helpful information 👌
Thank You Omshree
usefull concepts ...
Hi sir..very informative video..
I have a quick followup question on this..
I am in a position wherein , even before the HR shared the JD for the position and the interview rounds, they asked me the current and expected CTC, i gave away a premature reply of X salary and 1.3X minimum expectation.
Now as I walked through the 4 rounds of interviews, i researched the market rate for that position from various open sources and colleagues working in that same organization..and learnt the payscale for the position is itself 1.6X-2.1X(X being my current package)..
Also, I believe i am in a power position as I have cleared the 4 rounds of interviews and am scheduled to have the HR round shortly..
How to negotiate and handle the situation in this case..? Can I quote the market rates and the payscale that i learnt from my friends working in the org? What if the company offers me lets say 1.4X only?
Hi Abhishek,
Given the situation you are in you should definitely ask for market rates. You should also upfront ask them for the level/ grade in which they are hiring you and if they have a payscale for that grade/ level (do not mention about you knowing some other employees of the company - this may not be taken in the right spirit because salaries are supposed to be confidential). You can also play the card of having another offer in hand but that may lead to unnecessary hassle of producing a competitive offer letter etc.
I hope my response to your question is not too late. Do let me know if you would like to speak to me.
Thanks
Anand
@@CareerTalk sir thank you for the information..
i would like to speak to you regarding the same as its not too late..
@@CareerTalk infact i know the grade for which they selected me(since it was mentioned in the JD) and have researched about market rates and the payscale for the subject grade..
So i was planning to mention about the same in case they offered me less.
Please share your number sir, as I would like to speak to you further regarding the same.
@@CareerTalk I am in a similar situation. All rounds were extremely well, and released the offer letter in a day. But still failed to get 30% hike becoz of poor negotiating skills. I got equal to my current pkg if I minus my variable component. Pls suggest if any way get a decent increment now ?
@@abhishekmenon1101 Please ping me on LinkedIn. My id is www.linkedin.com/in/anand-vaishampayan-57b9aa3/?originalSubdomain=in
Very helpful Anand, really it cleared my doubts and hesitation.
Good to know that Rakesh
Nice brother
Very valuable video Sir : )
Thank You Aditya
why companies will offer packages based on the role levels, instead of his hike on current salary?
Very helpful sir..
Thank You Manjunatha
I'm in hunting. Wonderfully useful tips, we have to revert back the question on the roles and responsibilities of that position when asked for expectation... Can we also show case our various technical skills? But most of the HR doesn't aware of the technical skill associated with a programming language. They think, a java resource will work only in java but in real world applications that's not the case !!!
I agree that in most cases the recruiter may not understand technology but still there is no harm in mentioning that you have additional skills. You never know, at times it may catch attention of someone who has a flair for technology.
@@CareerTalk That's true too Anand. Thanks a lot for responding. Have a joyful day.
Sir I cleared the technical round one company they offered only 23% only. But they said u joined current organization very recent only. I requested for re discussion of ctc.kindly advise me.
Hello Faiz,
Did you research the market salary range for your skill, experience, location?
Here is a video which may help you determine that and help you discuss with HR... ruclips.net/video/tVNFU9nQiD0/видео.html
@@CareerTalk How to handle with people who rejects the candidature at final managerial round after hearing my ectc after clearing all the rounds? Provide some guidelines. Even if it's explicitly discussed with HR before taking the interview. If we say the ectc rejection, even if said then also rejection. 😔
I was giving interview and expectation was CTC of 13 lpa but found out this role gives 14 as fixed component , so quouted 16 and eventually got 15 as fixed component and ctc of 20 lpa but I wish I had quoted 17 as fixed component as I did very good in interview for junior role of developer. Anyways, don't want to feel greedy as I already jumped from CTC of 5 to 20😊
Thanks sir👍👍👍🙏
Will it be similar for a fresher with 4 lpa package too?
What if when we cross question about the pay scale for the job designation and the role , the HR says you should first disclose your current CTC and the expectations or the discussion is in the edge of the conflict?
Hey Anand....my son is going for undergraduation.BCA or bsc data science or bcom computers or bsc maths stats comp science?? Which do you suggest?
Can we ask Two times more than what we are getting
Particularly When we improve the disignation like executive selected for manager position
Yes absolutely Babu. You may ask for that. There is nothing wrong in asking what you think you deserve for that position. Also you must mention the value that you can add to the job and quote similar experiences of how you have done it in the past
I liked this video
Thank You
This man deserves more than million subs , hit like if you agree👍👍👍
No company disclose their budget.
Not applicable to India. Sometimes consultancy firms reveal the budget but not company HR as their KPI is based on hiring candidates at low cost possible.
Additionally this negotiation is applicable for tenured or niche skilled employees only.
Sir base salary means your annual in hand salary ?
Hello Sachin,
Base salary is a fixed amount of money paid to an employee by an employer. A base salary does not include the benefits, bonuses, or other potential compensation an employee might receive in addition to the base salary. In hand salary may include base salary plus other monthly incentives after deduction of taxes.
Thanks
Anand
Hi Anand
I have an experience of 3 years and as per the market value the salary range is good for my skills but my current salary is less
And while switching the job when the recruiter asks about my previous salary and the negotiation starts on the basis of my previous salary, how to tackle this situation
Hello Nikhil,
You need to tell them that you have done the market research and found the salary range with respect to your skill, experience, location etc and hence your expectation is Rs ...
@@CareerTalk Thank-You for the Suggestion 👍
Sir can we share one Company offer letter to other Company for Salary negotiation?
Hi Sweety, Many people are doing it these days. You can verbally inform them but if they insist then you may need to share.
@@CareerTalk sir plz 1 more reply.. I already shared but after that if I joined the previous Company whose offer letter shared then will there be any problem?
Should not be unless you tell anyone in that company that you have shared it. So don't worry about it.
@@CareerTalk ok sir.. Thanku so much for reply.
@@CareerTalk actually sir its my First switch.. To mujhe share karne k baad laga ki jisse maine share kiye wo complaint to nahi karte honge na jis Company ka maine share kiya unse, If I will not join their Company due to any reason..That's why I m Afraid.
Note: Don't do this with German companies, they're always straight and just quote a figure without wasting time. Ofcourse you can use the tips in video in our country. Thanks
Thank you for sharing the perspective about German companies Sripad. Really appreciate it 👍
Yes , I strongly agree . I worked with germans , they are pretty straight forward.
Thanks for sharing Venu 👍
HR will never tell salary range. Better if you could have talked practical instead of those bookish lines
Yeh log youtube mein gyan pelna ajatey hai. Non sense this does not work in India. Most are underpaid in India. Every company wants cheap labour, unless you have extra special skills such as ML, Data science, AI etc where talent is less. For other regular jobs, you get a hike percentage based on current salary. But if your current salary is on higher side, then they don't hire you, simple.