"OFFER SHOPPING" OR Taking Multiple Offers for Elephant size Hike, is it Good?
I encountered a candidate with 4 LPA as his current CTC and now holding in his bosom 4 offers with the highest one at 21 LPA, and he was asking me 25 LPA(Fixed)+variables + Joining Bonus, and what will I get in return, well a 'cookie' of "Immediate Joining" in just 8 days, but I must ask, what guarantee do I have that he won't shop anymore, well I am supposed to rely on his word that with 25 LPA(fixed + Joining Bonus), his Soul, Spirit and Body is going to be permanently satisfied and he will be at peace, but only for 12 months, than the journey of shopping will resume with new targets and abuse of a loop holes of the system.
How much hike is good enough, when are we supposed to feel satisfied?, do we know, an offer shopping like that creates a pseudo inflation in the job market, where companies are compelled to release competing offers to candidate to get the source as they have their targets and projects in pending mode.
If we really thought corporate are going to accept the situation the way it is, than we are wrong, obviously all this over spent cash flow will be juiced out of some other place, and then we complain about companies getting into cost cutting mode and laying off employees and not to ignore the abuse of inexperienced or fresher resources, who are paid less or sometimes not paid at all in the name of internship or no experience.
A wise man once said, "If you want to remove any fence, than always pause long enough to understand why it was put there in the first place", what this means is , we have accepted this trend as normal where we put down papers and go on offer hunting to get an offer which is way higher than what traditionally we would have received, but don't forget by doing this we are actually unbalancing our job markets where in-experienced are paid nothing and with little or mid level experienced people are forcibly overpaid, plus we are becoming an accessory in damaging a platform for Start-ups and stable employers who want to grow genuinely and provide employment and be a healthy part of the economy.
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Ultimately we all want things, the culture today is circled around 'Me', but how much 'Me' is good enough? And how much is not enough? Greed will always snatch for you something that belongs to someone else, remember life is a circle, what you doing now will definitely effect your children and their children. I believe its time to think and learn to stay on the word you promised and be faithful.
A growth achieved with time is always stable, similarly a growth achieved without time is not stable, it will collapse and it will definitely take you down with it.
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Vaibhav Patole