How much salary hike should I expect after 2 years of experience as a Software Developer

Question

I have been working in an IT company as a Software Developer for 2 years. The first hike was good but not the second hike. I want to switch companies because I don't see any more growth for me here. I am not sure how much salary hike should I expect from the new job. Please advice.

Answer 1

Different companies provide different salary hikes. There are companies that offer 70-80% hike (or even 2x) when you switch and there are companies who offer less. Having 2 years of experience as a Software Developer, you should expect a minimum of 35% - 40% hike in salary when you switch. If you are getting offered less than 35%, it is not worth it. You might want to switch with lesser hike because you see no growth in the present company. Keeping that in mind, I would suggest you to at least expect 30% hike. 

Answer 2

The Standard hike that a company provides is between 7-22% but this is not mandatory. I have seen employees get around 60-70% hike in the same company. The hike you will get depends on your performance. If you are planning to switch companies then you should expect at least 50% increase in your salary.

Answer 3

After 2 years as a Software Developer, you should be expecting a salary of at least around 6-7 LPA

Answer 4

There is no exact answer to this question. It depends on a lot of factors such as performance, technology worked on, skills gained, etc. Depending on these factors, I suggest you do a little research on how much salary you should expect.

Comments

That's exactly what the question was.

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Hey, @ Abhishek Singh

There are many answers where all the necessary information is listed, I would suggest you go through that.

Answer 5

Hey,

 First of all, you should see your own growth to measure how much salary you can ask for. Talk to your senior in your firm to know more about it. You should expect 5 -7 LPA after two years of experience in development. Though your hike will depend on your performance and try to promote your profile on social media to get some more engagement.

Comments

Actually it depends upon ur current salary. If you have salary low with market standard than u can get up-to 100 percent hike else 40-50 percent hike.

Normally the current market is experience year * 2 ->It should be when u are having less salary .

but if u already having this standard on your salary then expect 30-40 percent easily .

you can get up-to 3 times of your experience in best case (when u already hold an offer ) and expect at least 2.5 times  of your experience.

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@Rishabh Well explained and what a detailed answer. But don't you think company name or brand value also adds to your salary hike?

Answer 6

Here are my two cents:

First question: After switching a job (of 2-3 years), what is the percentage salary hike average among the Indian IT companies?

This depends on the situation. How desperately is the company looking to hire someone? Do they need the candidate yesterday, today or tomorrow? Are they in a hurry to hire ASAP? If yes, then you can crack a deal of your choice - 30%, 40%, 50%, 60%, 70% - all these are just numbers if they feel you are the right candidate for the job, Further, if you can join within the given time frame then you can ask for as good as 100% hike because in this scenario the hiring company is desperate to hire the right candidate.

If the hiring company is not desperate or if they are hiring in bulk/ for the bench then they will give you all the time in the world to join, that is three months in India, and you will get somewhere around 30% or 40% hike based on your experience, skill and your ability to negotiate.

Second Question: How much of a salary hike should one ask for?

In my opinion, here is the most important tip on this subject.

Let us imagine your salary is Rs 4 Lakh per annum.

Now ask yourself: “how much do you think you deserve?”

If your answer is 6 Lakh per annum. Ask yourself one more question.

“What is the amount which you feel is totally absurd? or Do you feel that the employer will be ready to pay 7 Lakh per annum for this job?”

If you think 7 Lakh is not absurd then ask again “What is the amount which you feel is totally Irrational? or Do you feel that the employer will be ready to pay 8 Lakh per annum?”

Continue this process till you reach a point when you reach an amount which you feel is absurd or an amount which you think you do not deserve or an amount which you think the employer will never pay for this job. Ask for this irrational amount as your expected salary.

This is how you break your own limitations because everything is in your mind.

I know people who used to earn 3.5 Lakh per annum, To begin with, they thought going from 3 Lakh to 6 Lakh was impossible. But guess what! They got offers as good as 8 Lakh per annum and in some cases 11 Lakh per annum.

Of course, your skill, your expertise and experience are key factors which determine your power position when you sit on the negotiating table, however, I have seen a lot of people under-rate themselves and settle down for an amount which is way too less than what the employer would have offered; just because they did not dare to ask beyond their imagination of self-worth.