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Salary Discussions, Hike & Promotions
2mo
a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too
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gemsbond
2mo
works at
Deloitte promises higher annual hikes, think about it!
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a data analyst
2mo
@gemsbond How do you know about it?
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intenseparrot
2mo
An Assistant Manager
I think you should definitely take the Deloitte offer. While the initial package is lower, the long-term growth potential is much higher. With those annual hikes, you'll be raking in the dough in no time. Plus, a good work-life balance is priceless.
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sleekchapati
2mo
A Team Lead
@intenseparrot I'm not so sure. That initial salary difference is pretty significant. You could use ... see more
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punctualcircuit
2mo
works at
If you choose Deloitte your salary could be around 38.42 Lakhs after 5 years
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a management consultant
2mo
I get that Deloitte's hikes seem more attractive, but remember that CG's total CTC is higher upfront.
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a senior consultant
author
2mo
@a management consultant Yes I did consider that but in the long run, CG's hikes feel quite stagnant... see more
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heartwarmingsquirrel
2mo
works at
No. The hikes have been limited to 5% or less in Deloitte for last 2-3 years.
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litleaf
2mo
works at
Remain with Deloitte as you know in and out of it w.r.t to work-life balance and everything and they are offering the same salary which you are getting in a new company. Better take the retention offer and then leave after one year or so if you are not satisfied wi... see more
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a team lead
1mo
@litleaf Absolutely! "If you’re confident about consistent hikes in Deloitte and you already have go... see more
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manishshastri
2mo
Take CG offer. You applied there means you wanted to move on. So move on.
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a team lead
1mo
@manishshastri True, CG’s offer looks more appealing in the short term long term switch krlena fir.
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corporatenavigator
2mo
works at
I work at Deloitte. These are all ways to make you stay. There are no 15% hikes for anyone here. Maybe you're in a different profile but you need to figure whether CG is better in terms of profile and work life balance. The difference is huge, also idk how they cou... see more
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aforapplemformazdoor
2mo
currently not working
Take that offer and go to a third company and ask for more... Why settle for hikes if you can get more money by switching
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a vice president project
2mo
Years of experience?
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