How to increase package in IT Industry
Its essential need now for everyone to raise the salary package every year. At least employees should get a decent hike so that they can cross the inflation rate of that country. In software, some get a good hike but some not, even after a good performance. There are some key points by which you can raise packages in software industry.
1) Good terms with the manager: For getting a good hike, one should have good terms with the manager. You can increase terms by regular communication with the manager, go on lunch with him, good suggestions, good performance, etc..etc.because your manager/appraiser is responsible for your hike.
2) Set goals & achieve them: There is goal setting for every quarter/six months depending on the company where you set the goals and need to achieve in that period of time. Fill properly that appraisal form and achieve those goals in the proper time. Goals could be like doing any certification, learning new technologies, good performance in the project, etc..etc.
3) Switching company: Final option is to get a better switch. If you get frustrated with your company with hike and want to get more, the best option is to switch and ask for a better initial package. You can get a minimum of 30-40 % hike while switching companies depending upon the company. I am not recommending much this option but if you switch after two years then it is fine with your career.
Some companies have a good policy of giving a good average hike to employees but some companies not giving even 1% of the hike.
Above are some points regarding getting a hike in companies. If you have any suggestions, points then please write in the comment section...thanks a lot for reading this article.
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