I took a new job at only a 4% salary hike. Here's why

After I cleared the interview rounds, I got into salary negotiations with HR. It was a bigger role not just on scope of work but also from a DGM to a Finance Director also with a much larger organisation.

I demanded 25% and after much negotiation HR agreed to it. I resigned and was serving notice. During the notice period, the current company (one I was leaving) decided to include me too in the appraisal cycle (owing to my good performance till date)

Within 15 days, appraisal cycle was completed and I was granted a 20% hike immediately.

Now, this created a tricky situation

In comparison to my new existing salary, the new company's salary was only 4% extra. I started to feel, I lost out on negotiation. The human psychology.

I had two options now

• Either to get back on the renegotiation table at this stage

OR

• Continue with what I had already accepted & proceed

I thought hard & chose to decide the latter and joined at the same agreed salary. Renegotiating at this stage would have looked very unprofessional & I would have lost my negotiation power for next cycle.

Next 1 year, I slogged VERY VERY hard, met the targets, made the improvements, rebuilt the team, ticked almost all the boxes.

And next appraisal cycle, got a rating of 4 on 5 and now, I also disclosed that I had joined only at 4% hike

The result :
1. Promotion
2. Salary correction
3. Exemplary Service Award

Sometimes short term gain seems lucrative, may be I would have got some hike if I had renegotiated before joining, but always keep the bigger picture in mind.

Negotiation after you have proven yourself is far beneficial than before. Negotiate better, Think long term !

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alt3r3g0:
I would not advise anyone to take any raise given to you after you have put in your resignation letter.

I have heard scenarios of the person being dropped after they rejected the new offer and stayed at the old company.

alt3r3g0:
I would not advise anyone to take any raise given to you after you have put in your resignation letter.

I have heard scenarios of the person being dropped after they rejected the new offer and stayed at the old company.

Jefferyhi86:
The question is, where una for they see work. Mk una still try help person life na, I no Wan do crime abeg for the sake of my kids n late dad

Jefferyhi86:
The question is, where una for they see work. Mk una still try help person life na, I no Wan do crime abeg for the sake of my kids n late dad

FalseProphet1:
I'll share this piece with my members during mid-week service.

This I have seen.

alt3r3g0:
I would not advise anyone to take any raise given to you after you have put in your resignation letter.

I have heard scenarios of the person being dropped after they rejected the new offer and stayed at the old company.

Kubin:
U can't go back to your vomit,or you will regret in the nearest future,if you want to progress in your career put in your best and Don stay too long with one employer,

Jefferyhi86:
The question is, where una for they see work. Mk una still try help person life na, I no Wan do crime abeg for the sake of my kids n late dad

Femich18:


Funny question
Wetin you study?
BTW people like us wey no get connection nah online we dey apply o. Get a good CV, Cover letter, apply on time and pray for God's mercy. Everything go align if you no give up after several failed attempts