One Crore Salary 😳Know the truth 👇👉 Microsoft pays 45 LPA to the freshers from NIT or IIT!So now you guys will take your calculator and check that 45 lakhs / 12 months = 3.75 lakhs per month!🔺3.75 lakh per month is true according to the calculation but the in-hand salary one gets with 45 LPA salary with all the deductions like PF/TAX etc is only 80 - 90 k per month (And few people get less than that too)!Shocked?I am sorry but that’s the reality!So here we go with the reality check, the total of 45 lakhs per annum is divided into the following way.Base salary = ₹ 12,00,000 or 13 lakhs !Yearly Bonus = ₹ 1,20,000.Joining bonus is a one-time payment, which is not part of CTC.Stocks - ₹ 22,00,000 over 4 years. It is something we cannot include this as part of CTC, stating that you will get stocks worth ₹ 22,00,000 every year! So this would be around ₹ 5,50,000 per year.So the actual CTC is close to 18 LPA but not 45 LPA!Not only Microsoft, but the majority of product-based software companies also use this tactic and boost their CTC to 30,40 and 50 lakhs!So don’t think if a person is from IIT/NIT getting a package of 40 above lakhs is rich, in fact, you can never become rich if you are in a job!Few real-life examples I had:One of my friends is an IITian who works for Microsoft getting a salary of 90kOne of my other school friends is a Bcom graduate, now working in sales and earning around 80k per month.one of my cousins who failed 12th class, owns a supermarket and now he is earning around 1 lakh per month!So whenever you see something like 40 lakhs,50 lakhs package in newspapers and media, don’t panic, don’t get nervous. Do some hard work, follow your passion, you can also achieve that salary!Credit: Answered by Shiva Mittapalli https://lnkd.in/gFzW59CnGuys, I am loving Quora nowadays, can you suggest some good quorans to follow if any?
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Agree with the above calculation but if a person gets stocks worth of ₹ 22,00,000 every year (Even over 4 Years), as you stated, for the first year, a person will get ₹ 5,50,000, for the second year it will be ₹ 11,00,000 (₹ 5,50,000 from the first year stocks and ₹ 5,50,000 from the second year stocks). From the fourth year onwards, a person will be getting ₹ 22,00,000 (Assuming he is getting the same number of stocks every year). Companies are using this kind of trick so that a person can stay longer with the company. So if a person stays a long duration with a given company, then I think its a win-win situation😃
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80-90k toh nahi hai Microsoft ka as per my knowledgeBut yes chahe jitna bhi ho Bangalore me half toh rent me ud jaega pakka 😂😂 or time bhi Delhi NCR + 12-13 Lpa base is jannat ♥️👽✅
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“software companies also use this tactic and boost their CTC to 30,40 and 50 lakhs!”It feels you’re creating a picture as if Software companies are doing some kind of Hera pheri here and intentionally plan on doing such things😂. Well I think companies are clear on the part that the yearly ctc is actually ~18 LPA and I believe they never state it as 45 LPA ctc. It’s the media and few folks who try to portray a rock as a mountain.
It's a good post The Corporate Bhakt The reason why Sir Yogesh Hindustani has decided that he is an Entrepreneur but it's MORE IMPORTANT to cultivate #entrepreneurship Today he is 70But Wants 10 Business Associates as Entrepreneurs around 40 years of age. The business model of P.I.T Created OM INNOVATIONS but it was a hard grind. Today the work is ready on a platter and people only need to put in time to become ENTREPRENEURS 10 of them at the age of 40 and sky is the limit. Sir doesn't believe in age NUMBER but also knows that it will require hard work and gains will be proportionate ti time and effort and still the FIELD will be fertile 5 years down the line. Thanks for sharing The Corporate Bhakt Andrew Griffin Dr. Devanshu Patel Erki Vask H.E. Dr. Edna Joyce (Fatima) Santos, MD,DPBO,SBO RAMANAND GHINTALA Ivo Iacovelli H.E. Dr. Edna Joyce (Fatima) Santos, MD,DPBO,SBO Ravi Kumar Lindsey Nexsen Viloshni Moodley H.E. Dr. Edna Joyce (Fatima) Santos, MD,DPBO,SBO Lindsey Nexsen Viloshni Moodley NISHI PATIL Dr Omveer Singh Prerana Desai Shiv Shivakumar Upasna Modi
That's not true , your calculation is not right 👍 according to your calculation mentioned above not justify 45L is = 18 L PA
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Is 80-90k per month too less for freshers?
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Nithin Kamath wrote, "More Indians today than ever before are aspiring to be entrepreneurs thanks to government initiatives and messaging, the media coverage of the start-up ecosystem, founder success stories, and more. The one thing we need to work on as a nation is to unlock domestic capital for start-ups/MSMEs. Reduce the dependence on foreign capital and get Indians to back Indian start-ups.""It is maybe time for newer products or vehicles that can be used by accredited investors or those who can take higher risks to be able to invest in equity or debt in start-ups/MSMEs. The appetite in India to invest in newer products is like never before and we need to make use of this opportunity. Apart from reducing external capital dependency, this could also mean that wealth created from startups stays in India."
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There's a firm who approached & wanted me to promote their services. Apparently, they claimed they are best in their fields and needed more leads.Each lead they get would be high value as it was pure B2B. These same firm backed off when they learnt we won't promote their services for free 😆Behind , every social media handle, there's someone working, curating, banging heads to keep their page relevant, checking analytics & trying to maintain their organic reach, don't underestimate them.If it was so easy to build the following and stay constantly relevant, each one of us would have a massive following and reach.Value other's time ♥️ (Also, don't approach us to invest, get grants, crowdsource money for medical or any reason, I will never entertain such requests. It's unethical. You must approach those who genuinely know your case personally. Just yesterday someone exposed a scam where a guy looted a good amount of money by using someone else's health campaign. This guy made a Twitter handle using a random girl's name & picture and swindled huge money. Many fell into this trap.)🔺🔺Lastly, don't think that if you promote using someone with good followers, you will get insane leads. No, it doesn't always work that way. Few campaigns go massively flop. One should read more about Cost per acquisition. If you are aware about Google ads, you would know the insane money one needs to invest to get leads.
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Just observe how your equation with others gets changed the moment they know you are financially doing better as compared to them.
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Mould your life. Write your story!I am constantly in search of some good stories to share and that's when I learnt about Dadasaheb & his journey from being an office boy to building 2 startups.🔺He hails from Beed ,Maharashtra & after completing ITI Diploma he joined Infosys where he oversaw providing room service, tea, and water to visitors at Infosys guest house.🔺He learnt the value of software & due to lack of college degree & inability to get job in the corporate world, he started exploring animation & design & landed a job at Hyderabad-based design and graphics firm.🔺He learnt Python and C++ & realised that it took a lot of time to create various visual effects and that it would be great to build a library of reusable templates & sell these templates online. He then had to quit job as he met with an accident. But kept the fire on with his first startup called Ninthmotion that provided motion graphics, videography and photography.🔺As it took off, he went on with his second startup called Doographics where its users can create templates and designs using the platform's easy drag-and-drop interface.His story received limelight when he was mentioned by PM Modiji during Mann ki Baat.Source: Zee news/DNA/India Times
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Appinventiv - A bootstrapped genius!A wise man once said that "Success of the country depends on the success of its business," & rightly so because the economy drives the nation.During times, when we hear about many start-ups raising funds in lakhs & crores but facing losses, the story of Appinventiv feels like a fresh breath as it's a bootstrapped company that laid it's root in 2015 & have clocked revenue of 135 Crore by FY'22Appinventiv is one of the world’s largest IT services providers renowned for working with futuristic technologies. What started as a team of 10 people eventually grew to a workforce of over 1000 employees with its offices in India,the USA, UK , Australia & UAE!🔺On hiring, they say, "We have come across to position ourselves as a company that recruits talented individuals irrespective of their qualification. Skills have taken the front seat at Appinventiv as compared to degrees."Appinventiv is named among the Fastest-Growing Technology Companies by Deloitte in 2023! It has grown over 300% in the past three years, placing it as one of the 50 technology companies experiencing the most rapid growth in India. CEO SAURABH SINGH believes in chasing profitability instead of valuation, the reason why Appinventiv is thriving! Truly Impressive, isn't it?
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The love for Modak!Ukadiche Modak (sweet delicacy) is our Maharashtrian speciality and the love for it made me land up on a YouTube video as I was in search of its recipe.Learnt about the journey of the company called Patil Kaki on Shark Tank & stood amazed at how these young guys (Vinit & Darshil) scaled & expanded Patil Kaki's business.It all started in 2016, when Geeta's husband lost his job & they together decided to start a small food business. They used to go to BMC office to sell their stocks where people fell in love with their recipes.During the lockdown, their business got affected & Geeta started preparing snacks as and when she got the orders. That's the beginning of Patil Kaki.Things started taking a leap, when Vinit (Geeta's son) & his friend Darshil entered in 2020. They made the snacks digitally available.Started with an initial investment of 5000/- from Maharashtra, Patil Kaki has presence all over India.Specially loved the guys who learnt new skills &, business lessons along the way all at the tender age. Quite inspiring!Guys, there products are yummy, you can buy too.🙂 What an awesome journey, isn't it?Vinit is the guy with specs & Darshil is the guy at extreme right! Not sponsored.- By Ashwini Mahesh Source: Patil Kaki Shark Tank
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They are "people smart"Getting people to listen to them is the first quality of a good leader!Observe closely and even you will get it!
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Some employees come just to mark attendance🧐Presenteeism is when employees are at work in body, but not in mind. This could be due to a physical or mental health issue, or it could be that they're simply not motivated or engaged. The practice of coming to work despite illness, injury or mental health problems, often resulting in reduced productivity.1
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“Resenteeism,” a term that describes employees who stay at their job despite being unhappy because they don’t think there are better opportunities elsewhere, is 2023′s latest buzzword – and it may be one of the most damaging ones to employee/employer relationships.
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Decline in Engineering students!As per a report by Economic Times, the number of students enrolling in engineering and technology courses has witnessed a steady decline over the past few years with enrolment in BTech dropping from approximately 40 lakh in 2016-17 to 36 lakh in 2020-21.Mostly, we take a subject based on job trends & scope but decline in Engineering students says a lot more about current job scenarios!
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As a seasoned professional with extensive knowledge in the corporate world and salary structures, I'd like to shed light on the information provided in the article titled "The Corporate Bhakt™️." The article discusses the salary details of freshers from NIT or IIT working at Microsoft, debunking the myth surrounding the advertised one crore salary.
Evidence of Expertise:
- Salary Breakdown: The author correctly dissects the advertised salary of 45 lakhs per annum, demonstrating an understanding of the components that make up the total compensation package.
- Real-life Examples: The author supports their claims with real-life examples, citing instances of individuals with diverse educational backgrounds and career paths, showcasing a nuanced understanding of the job market.
Key Concepts in the Article:
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CTC vs. In-hand Salary:
- CTC (Cost to Company): The total amount a company is willing to spend on an employee, including salary, bonuses, benefits, and other perks.
- In-hand Salary: The amount an employee receives after deductions such as Provident Fund (PF), taxes, etc.
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Salary Components:
- Base Salary: The fixed amount of money an employee receives before bonuses or other additional payments.
- Yearly Bonus: Additional compensation provided annually, usually based on individual or company performance.
- Joining Bonus: A one-time payment offered to attract and incentivize new employees.
- Stocks: Equity in the company provided as part of the compensation package.
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Misleading CTC Practices:
- The article highlights how some companies, including Microsoft, use tactics to inflate CTC figures by including elements like stocks that are not directly comparable to yearly income.
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Diverse Career Paths and Earnings:
- The article emphasizes that high salaries are not exclusive to individuals from prestigious educational institutions, providing examples of individuals with various educational backgrounds and career trajectories.
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Skepticism Towards High Package Claims:
- The article encourages readers not to be overly impressed by high salary packages advertised in the media and to focus on hard work and passion for achieving financial success.
Contributions from Other Commenters:
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Discussion on Stock Vesting: A commenter discusses the intricacies of stock payouts over multiple years, shedding light on how companies structure stock compensation.
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Regional Cost of Living Consideration: Another commenter mentions the impact of high salaries in Bangalore and the cost of living in Delhi NCR.
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Company's Perspective on CTC: A commenter argues that companies are clear about the actual CTC and that media and individuals might exaggerate the figures.
In conclusion, the article and the subsequent comments provide valuable insights into the complexities of salary structures, the importance of understanding CTC components, and the varied paths individuals can take to achieve financial success in the corporate world.
