How much has your salary increased from your first job to today?
June 2014 : 5 lpaNov 2015 - Present : 13.5 lpaI completed my graduation from VIT University in Computer Science stream . When I joined the college, I never really thought of the salary or the company I want to join. All I knew at that time was that there was 100% placements at VIT. So I was happy and carefree for the first 2 years. But as soon as I reached my 3rd year, I became a little serious about this stuff and gradually became more aware of the companies and their packages that came for recruitment. Finally the 4th year started with a bang. There were companies like Flipkart, eBay which came in the 1st week itself and their packages were more than 10 lpa. I couldn't get selected in those companies. A couple of months passed by and even after making to the final of 2–3 companies , I couldn't get selected. By October the companies which were coming were paying 4–6 lpa.In the first week of October I got selected in a startup and the salary was 5 lpa with a joining bonus of 50K. I cannot even describe that feeling. Though the package was less than I had anticipated earlier, I was happy to finally get a job offer. So finally I joined in December 2013 for internship in the same company at 15 k per month. In June 2014, they converted me full time and I was drawing somewhere near 37 k.Then came the appraisal season. The condition of the company was really bleak and it was going thorough a resource crunch. When I asked my seniors in the company about the hike, I was shocked to know that last year there was no hike for any employee. When my manager called me in his office for appraisal discussion, I went in with little hopes. To my surprise he told me that my package has been increased to 8.3 lpa. That was unbelievable for me. Though I was pretty hard working and sincere in my work, I never expected this much of a hike. The primary reason for this hike was that already a lot of employees had left the company. So the company wanted to retain the remaining employees.Till then I was working as a Java developer. But I had interest in Android programming. So around August I started to look for a job in Android development. After spending 1 month for interview preparation and giving the interview of 4 companies, I had offer from 2 well funded start-ups. One of them was offering me 15 lpa and the other 13.5 lpa + 1 lac joining bonus. I decided to go with the latter after my assessment of both the companies.
Is 30,000/USD a year a bad salary for an entry level job?
No, it is NOT a bad salary. Around here, employers are offering 8-12 dollars an hour for many jobs and they want a Bachelor's degree or years of experience. I know a lot of people with college degrees making less or a bit above that. In this economy, I would take that salary. Good luck!!!!!
Would you prefer a stressful job with a high salary or a low-stress job with a low salary?
Let’s provide some parameters.High Salary >= $200k/year + financial and equity incentivesHigh Stress = continuously operating above your capacity in terms of time, resource, risk tolerance, etc.In my experience, people who are in the high salary bracket as I have defined are able to effectively manage capacity constraints. They do not put themselves in situations where they are unable to perform. They don’t experience high stress.So, by this definition, if you are in a high salary position you should be able to experience a reasonably well balanced lifestyle. If you’re not, I’d suggest you look at the choices you’re making regarding allocation of your resources. Chances are pretty good that you could make adjustments that would result in a much higher quality of performance and life.
Have you ever lost a job offer because you negotiated your salary too high?
No, I have never seen anyone lose a job offer because they negotiated for too high a salary.That said, I have only seen people lose a job offer due to the WAY they negotiated, not WHAT they negotiated.Ask for whatever you want: higher salary, more stock options, title, vacation time, etc.If you do not ask, then you will never get.It is the way you ask. Those people that negotiate professionally, with respect, with data supporting their position…those that ask nicely will have a much better chance being successful than those that do not.Quick story:I was looking to hire a GREAT engineer. Super talented with incredible skills, top tier education, and had worked at a number of high caliber companies.We really, REALLY, wanted to hire him.He was negotiating for 30% more in salary and stock options than what we were offering. In truth, I was more than willing to give him the 30% increase…in fact, I would have even gone higher.BUT…He was super aggressive and arrogant in the negotiation, even going as far as saying that I would be stupid to not hire him and that there was no one better than him.I paused in our conversation and pictured him working at my company, interacting with other engineers…the picture quickly looked like a nightmare. As such, I told him I was actually pretty stupid, and that we were passing on the opportunity to hire him.Bullet dodged.Two big take aways:Always ask for what you wantTreat people the way you would want to be treated in that situation
How good of a salary is 3 million won in Seoul, Korea?
If it doesn't cover housing or a flight, I doubt it covers insurance, severance, and pension as well. I would not take it if I were you. Accept a job with full benefits... Round trip airfare Housing (Furnished) Insurance Pension Severance after a year 2.2-2.5 mil per month- remember you will have very few bills (utilities, phone bill, food at most) Yeah 3.0 mil a month sounds good now, but when you get here and see how much rent and furnishings for an apartment are here...you'll wish you took the lower salary w/better benefits.
Should I lie about my salary in an interview in order to get a higher offer?
My thoughtsIf you tell your company that you are currently being paid less than the industry average, then they will certainly see this as an opportunity to pay you less. You have 2 main choices when negotiating:1. Don’t tell them what salary you are on.2. Lie about your salary.Some people here just saying ‘don't tell them your salary.’ Sound advice, but if they ask directly what your current salary is, and you side-step the answer, then they may well assume you are on a low salary, and therefore just offer you the industry average.If you exaggerate your salary, there is very low chance they will ever find out, and if they do, they are unlikely to do anything after the salary has been negotiated.Because I was being paid below industry average, when I moved away from my previous company I went for option 2. I exaggerated.My StoryMy old company paid me £20k plus expenses (my expenses worked out as about £4–5k a year)When I changed job I told them I was on £28k plus expenses (I think the industry average at the time was around £25k, and I wanted to ensure I would earn above that). They then offered me £35k. No negotiation needed :)6 months down the line I have just been promoted and given £45k :)If I had told them I was on £20k I am pretty sure I would have been offered closer to £25k rather than £35k, and would maybe be earning £35k after my promotion.I am generally an honest person, but a lie to my multi-millionaire employer to get them to fork out a little more cash for my services so me and my child can live more comfortably.. Can’t say I feel bad about that one..ConclusionSorry to disagree with the other answers, but in your situation where you are earning less than the industry average, I’m gonna go with lying being the best course of action.
Why do jobs pay so low?
It's an issue of supply and demand and also of how much money can you make for the company (i.e., how valuable you are). If you lack education and skills and just about anyone can do your job with minimal training, then the job will not pay well. If you do have education and skills, but so do many other people, or there is simply no great need for your skills, then the job will not pay well. So, the secret to getting a good paying job is to have the right education and skills - they must be in demand and there must be a shortage of qualified people to do the job. Employers also pay well when the job brings in lots of extra revenue. For instance, a medical practice will hire an additional physician, assuming there are so many paying patients that they're turning them away, because he can see a certain number of patients and bring in a certain amount of revenue. If his salary is $100K a year, but he brings in $300K in revenue, then there is no problem paying him that salary.