Imagine your current salary is 15 Lakhs!
You get an offer of 17 Lakhs per annum. You inform your current employer.
They want to retain you by giving 17 Lakhs.
-But you ask for 20 Lakhs. - Negotiations happen.
- They agree to retain you by paying 19 Lakhs.
What did you gain?
- 2 Lakh additional by using counter offer.
Is this the right way to get salary hike
-Some may say it is arm-twisting
-Some may say it is the right way!
But remember if you had not taken any action...
- You would be stuck at 15 Lakhs! Doing the same work!
At the same company!
For 4 Lakh less!
So, call it arm-twisting or anything you want!
Fact of the matter is that,
"It works".
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