Salary Neotiation Tips

Where is recession? – Indian companies increasing salaries at highest rate in Asia – Hewitt survey

Feb 20th, 2009
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As per a of 480 Indian companies over December 2008 and January 2009 conducted by HR consultancy firm Hewitt – despite the economic slowdown, a majority of Indian companies are still hiring employees. Here are some interesting revelations of this

  • Average hike in India in 2009 will be 8.2% (the highest in the Asia Pacific region hoever first time in six years that India is likely to see single-digit increases)
  • Projected salary hike is lower than the increase of 13.3% seen in 2008
  • The hike higher than China (8%) USA (3.2%) and Japan (2.3%)
  • Sectors expected to see the highest raises are FMCG, durables and telecom.
  • Healthcare is sector that is doing well globally and in India. In 2008, hospitals had awarded the lowest salary increases but have been placed among the top five sectors for 2009.

With inflation well below 5.5%, an average increase of 8.2% can be considered as a good raise.

To read more about this on Hewitt website – click here

  • Employees at the junior manager, professional and supervisor levels are expected to receive the highest increases.
  • About 16% of companies in India are considering retrenchments
  • More than 60% are still hiring
  • Nine out of every 10 companies still giving promotions
  • Only 0.83% of companies are resorting to salary cuts

Now compare this to USA – 55% of companies in the US, 30.6% in China, 32% in Australia, 20% in Thailand and 17% in Japan are considering laying off their employees to cut costs in the face of

How Indian companies are facing recession

  • In India, most companies face the downturn by drastically cutting down on luxuries and discretionary expenses such as non-billable travel and entertainment, with greater focus on prudence and productivity with the intent is to avoid .
  • They are redeploying human resources and making largescale realignments to the organization

How to negotiate your salary: First Step

Oct 31st, 2008
by admin.
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How do you successfully negotiate the and package that you want?

Some people seems to have mastered the art . They seems to get the salary scales that they exactly want. What do they different while negotiating their salary? How did they achieved the points they wanted?

Do you know that there are several techniques that need to be mastered to get paid the salary that you deserve? Good people are hard to find and employers are often prepared to go above what they were originally going to pay for the right talent.

The first and foremost step of Salary Negotiation is understanding that when you are offered a job, the success of the negotiation depends on how much you yourself valued your experience.

Rather than feeling grateful that you have been offered a job, your belief in yourself, your abilities, your intrinsic value, your market value and your potential will enable you to change your mindset. In fact you need to feel that the company with whom you are negotiating should be grateful that I wanted to work for them.

A belief in your value will go a long way in increasing your salary levels. You may leave a few offers initially – but in long run your salary level will go more than your peers who think otherwise.

So next time you are in job market and negotiating salary – do not sell yourself undervalued. Ask for what you believe in – and see the magic.