Job changes typically involve a higher salary increase than in-role promotions or annual salary increases. A general guideline is to aim for a salary increase of at least 10-30% when moving to a new company. However, the salary increase depends on factors such as industry, location, experience and the specific roles and responsibilities involved.
Recently, Gaurav Kheterpal, founder and CEO of Vanshiv Technologies, said he had to let go of a “really good candidate” because of her high salary expectations. In a post on However, she expected a salary of Rs 45 lakh per year – an increase of Rs 17 lakh from her current package.
''That moment when you meet a very good candidate. You ask HR to screen the candidate and they report the numbers -4 years of experience -Current CTC: 28 Lacs -Expected CTC: 45 Lacs Read it again – this is 4 years of experience. All you can do is pass it on with a little humor,” the tweet said.
A screenshot of his conversation with the human resources department was also attached, along with the message that read, “We will have to apply for a loan to hire her, let's skip.”
See the tweet here:
That moment when you meet a very good candidate. You ask HR to screen the candidate and they report the numbers
-4 years exp
-Current CTC: 28 lacs
-Expected CTC: 45 lacsRead it again: this is 4 years of experience. All you can do is pass it on with a little humor#to startpic.twitter.com/inxIP0uewU
— Gaurav Kheterpal (@gauravkheterpal) March 13, 2024
The tweet has gone viral and has generated many responses. Some reasoned that companies should not shy away from giving skilled candidates a well-deserved raise, while others said such a hefty sum is too much for just four years of experience.
One user wrote: 'IMHO, experience cannot be the sole deciding factor for someone's salary. If you think the person can deliver what's expected of them and you have the budget for it, then it's worth a try. Really good talent is hard to find.”
Mr. Khetarpal replied to his post saying, “Good point, but that logic works well for deep-pocketed product companies with investor funding, not so much for small, startup consulting and services companies like ours.” revealed that his salary was Rs 6.5 LPA when he had four years of experience.
Several users also urged companies to be transparent in their hiring process and add salary details to the job description to save time and effort for both parties.
Another user commented: 'That's true, and that's why companies need to be transparent in communicating the salary they're offering for a position. The salary should not depend on how much the candidate earns, but on how much you think you want to spend for the position. Ppl will apply accordingly. Saves time.”
A third said: 'Then offer shares.' A fourth said: 'Do you know what you can do to prevent this? add the salary details in the job description. No one's time will be wasted like that.”
A fifth added: 'I just hope the person they rejected sets up their own business and realizes their worth. There's nothing wrong with asking for what you think you deserve. Many enterprising people/organizations do not judge you on age/experience, but simply on skill.”
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