Post
Salary Discussions, Hike & Promotions
4w
Retention discussion
Hello,
Yesterday my manager had retention discussion with me. He said he will try his best to make a strong case for me & match my offer but the highest approval he could get may be 1-2L lesser of the fixed pay I am getting offered. The rest they could cover in bonus and promise good hike next year to cover the gap.
What should I do? I don't have an issue staying back at Deloitte but I am expecting some more hike on my offer instead of setting for less & I also expect to have more fixed pay rather than bonus
an operations executive
4w
Hmm, that's a tricky one. It's like they're offering you a carrot and a stick. What are your long-term career goals, and how does this offer align with them ?
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corporatenavigator
4w
works at
Good chances that you'll not get anything in the next cycle. Its all kumbaya stuff to make you stay. If they can match your current offer, stay or make a call based on pros and cons of the other job.
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strangeguy006
3w
works at
Once your offer in hand is expired/ you've accepted your manager's offer, its all on management discretion. Don't accept anything unless you get it in writing (which you won't). So imo you should go with the new offer in hand
jackofalltrade
3w
works at
Answer depends on your current package and no of switches in your career. If 1-2 lakh is not a very big amount for you and you have done fair amount of switches in your career, I would suggest you to get retained. But if you don't have much switches, 1-2 lakh is a significant amount to you and the other company is also as good as Deloitte then you should move out.
I personally feel that a little lesser amount with one less switch is always better, you can make a switch after your next appraisal cycle and the next hike will be much better than what you must be getting now.
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an operations executive
3w
user 2
Bro politely communicate your preference for a higher fixed pay, as it's more reliable than bonuses, and consider staying only if the overall package meets or exceeds your expectations
a senior executive
3w
What are your thoughts on the proposed offer? Are you willing to negotiate further or accept the offer as it is?
mapleleaves
3w
works at
Promises made for the future are as good as non existent.
Retention action cannot be futuristic it has to be done now before ur last working day.
If you have a good WLB balance and scope/visibility in the current organization then stay back. Research on what can help you with the step up in the next appraisal cycle such as certifications or a particular achievement.
Higher salary in a new organization also means you start from ground zero and you need to start performing from day 1.
Evaluate your pros and cons diligently before taking a decision.
All the best!
leadersheep
3w
A Team Lead
how long have you been at deloitte? that'll play a big role here
ahemmg
3w
works at
See it's very important to advocate for yourself and to make a decision that aligns with your long-term goals. just curious to know how is the work life balance in your current job ?
roaringdragon
3w
works at
I would suggest go with new company. It's highly likely what ever promise your manager made won't be fulfilled.
Talking based on experience.
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