logo
'Like sabzi market': Indian techie blasts 'disrespectful' HR after botched salary negotiations

'Like sabzi market': Indian techie blasts 'disrespectful' HR after botched salary negotiations

Hindustan Times4 days ago

A frustrated Indian techie sparked a debate on social media over salary expectations after he accused a company's HR department of 'disrespectful' salary negotiations, comparing the experience to haggling in a sabzi market.
The post, made in the r/developersIndia subreddit, struck a chord with many in the tech community who say they've experienced similar treatment. The techie, a data specialist with four years of experience, said that the hiring process ended in a lower salary offer than what was initially discussed.
The techie said that the NCR-based firm required relocation and in-office presence, prompting him to quote ₹19 LPA during salary negotiations. discussions. However, after all interviews were complete, the company returned with a final offer of just ₹16 LPA.
'This doesn't make sense,' the user wrote, explaining that the new offer would barely result in a meaningful salary increase once taxes and living expenses were considered. 'I hate negotiating like in a sabzi market,' he added.
The post quickly attracted comments from fellow tech professionals, many of whom shared the sentiment. "No matter what, always ask for more than you need because HR will always lowball. I have not encountered any HR who gave an offer based on expected compensation," suggested one of them.
Another shared, "I have experience with these HRs. They don't have any professional expertise from which they can distinguish good candidates from bad ones. They usually end up choosing low-skilled candidates. Seriously, I hate applying for jobs."
A third user suggested, "I have been in a similar situation before. During the first offer, you won't get much hike. So you basically need to stack up multiple offers to get a 100% hike. I followed the same approach a couple of days back."
(Also read: Google techie in Bengaluru says moving to 2BHK is the best decision: 'Big chunk of salary goes into rent')

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

'Routes Diversified': Minister Assures Fuel Supply Stability As Iran Mulls Strait Of Hormuz Shutdown
'Routes Diversified': Minister Assures Fuel Supply Stability As Iran Mulls Strait Of Hormuz Shutdown

News18

time36 minutes ago

  • News18

'Routes Diversified': Minister Assures Fuel Supply Stability As Iran Mulls Strait Of Hormuz Shutdown

The Strait of Hormuz is one of the world's most important oil transport chokepoints, carrying about one-fifth of the global oil output Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Sunday assured citizens that India's fuel supply remains stable and secure, after Iran announced move to close the Strait of Hormuz, a key global oil shipping route. In a post on X, Puri said India has closely monitored the evolving geopolitical situation for the past two weeks and has taken steps under the leadership of Prime Minister Narendra Modi to diversify energy imports. 'We have diversified our supplies in the past few years and a large volume of our supplies do not come through the Strait of Hormuz now," Puri wrote. We have been closely monitoring the evolving geopolitical situation in the Middle East since the past two weeks. Under the leadership of PM @narendramodi Ji, we have diversified our supplies in the past few years and a large volume of our supplies do not come through the Strait…— Hardeep Singh Puri (@HardeepSPuri) June 22, 2025 'Our Oil Marketing Companies have supplies of several weeks and continue to receive energy supplies from several routes. We will take all necessary steps to ensure stability of supplies of fuel to our citizens," he added. The Strait of Hormuz is one of the world's most important oil transport chokepoints, carrying about one-fifth of the global oil output. Iran's parliament on Sunday approved a measure to close the Strait of Hormuz following US airstrikes on its nuclear sites — Fordow, Natanz, and Isfahan — marking a dangerous escalation in the ongoing war between Iran and Israel. According to top Indian intelligence sources as reported by News18, the closure could lead to a global oil crisis worse than 1973, potentially triggering a global recession. India imports around 5.5 million barrels of crude oil per day, with about 2 million barrels passing through the Strait of Hormuz. Sources warned that the strait's closure could choke 20–25% of the world's oil and 30% of global LNG trade, leading to oil prices shooting up to $200–$300 per barrel, which would severely impact the global economy. Meanwhile, Prime Minister Narendra Modi held a 45-minute phone conversation with Iranian President Masoud Pezeshkian on Sunday. Modi expressed deep concern over the recent escalations and stressed the importance of dialogue, diplomacy, and immediate de-escalation. 'India stands for peace and humanity," PM Modi said. He also thanked Iran for helping ensure the safety and return of Indian nationals from the region.

Did Barron Trump really make millions from family's cryptocurrency ventures? Here's the truth
Did Barron Trump really make millions from family's cryptocurrency ventures? Here's the truth

Hindustan Times

time44 minutes ago

  • Hindustan Times

Did Barron Trump really make millions from family's cryptocurrency ventures? Here's the truth

Barron Trump, the 47th President's youngest son, may have made millions of dollars from the sale of cryptocurrency tokens connected to the family's successful foray into the digital token market, according to a new report. Barron Trump is listed as a "co-founder" of World Liberty Financial(AFP) According to Forbes, Barron, a 19-year-old student at New York University, could have received a handsome $40 million, or $25 million after taxes, through the sale of digital assets by World Liberty Financial. It is a firm owned by the Trump family that was established nine months ago after the First son convinced his father and elder brothers of the advantages of cryptocurrency. Following its launch, Trump stated in an interview last year that 'Barron knows so much about this (cryptocurrency).' 'Barron's a young guy, but he knows it — he talks about his wallet. He's got four wallets or something, and I'm saying, 'What is a wallet?'' What is World Liberty Financial? World Liberty Financial (WLF), a decentralized finance network that began operations in late 2024, is promoting its own coin $WLFI. The platform touts President Trump as its 'Chief Crypto Advocate,' and the Trump family owns 60% of the business and is eligible to receive 75% of token sales proceeds. World Liberty, which has helped Trump family to see surge in their finances, declared that it had sold $550 million worth of tokens in March. Last week, President Trump announced in an Office of Government Ethics report that he had earned $57 million from the sale of tokens. Additionally, it stated that the real estate tycoon owned 75% of his umbrella business, DT Marks Defi LLC, with the remaining 25% being owned by unidentified 'third parties.' Also Read: US warns its residents amid evacuation from Israel as Americans narrate harrowing ordeal; 'If given an option…' What is Barron Trump's position in the company? In addition to the Trump, Barron is identified as a "co-founder" of World Liberty Financial, along with the president's two other sons Donald Trump Jr. and Eric Trump. Barron reportedly possessed a 7.5% share in the Delaware-based umbrella company, according to Forbes, which offered no concrete proof for its assertions of his enormous digital profit. According to Forbes, the share would be identical to what the NYU freshman owns in the hotel owned by the Trump Organization in Washington, DC. SEC filing did not mention Barron Trump's name However, the company's only SEC filing dated October 30 of last year did not include Barron's name. Middle East diplomat Steve Witkoff and his son Zachary are mentioned as corporate partners in the enterprise. According to a Bloomberg report, Trump's net wealth has quadrupled since the beginning of his 2024 campaign and it is estimated to be above $5.4 billion.

Markets poised for a near-term dip, crude can worsen the sentiment
Markets poised for a near-term dip, crude can worsen the sentiment

Mint

timean hour ago

  • Mint

Markets poised for a near-term dip, crude can worsen the sentiment

US President Donald Trump announced that Washington has carried out strikes on three nuclear facilities in Iran, marking a direct involvement in the campaign initiated by Israel last week to dismantle Iran's nuclear infrastructure. Since the war started two weeks ago, the Nifty 50 and the Sensex 30 index have gained 1.59%. At the same time, crude oil prices have gained 2.19% to $76.57 per barrel. The US has long been watchful about Iran's expanding nuclear programme, with tensions rising especially a couple of years ago when Iran's uranium enrichment neared 83.7% (very close to weapons-grade, 90% enrichment), said Alok Agarwal, head-Quant and Fund Manager at Alchemy Capital Management. 'This concern has now escalated to the point of direct US military action, making the situation more volatile, in our view," he added. Read more: US strike on Iran raises oil shock, capital flow risks for India's economy From an Indian investment perspective, the primary concern isn't just the geopolitical tension itself—which mostly affects market sentiment—but the potential surge in crude oil prices, which would have a direct economic impact, Agarwal added. Moreover, a sharp spike—especially beyond the $100/barrel mark—would be a major concern for Indian markets, as India imports over 80% of its crude requirements. Crude price impact Aniruddha Sarkar, CIO at Quest Investment Advisors, said that the key concern for the market is the impact of rising crude prices, which could widen the current account deficit, fuel inflation, and weaken the rupee due to higher forex outflows owing to a higher fuel bill and foreign institutional investors (FII) selling in risk-off mode from emerging markets. The second stage impact, which could happen if the war persists for long, would be on sectors like oil marketing companies (OMCs), paints, and aviation, which could face cost pressures and perform negatively as crude prices climb, Sarkar added. However, he said that these impacts could remain short-lived as the war may not continue for a long time. While other experts believe that no further retaliation by Iran might actually lead to an upside in the Indian markets. "If Iran doesn't retaliate in a way that is surprising or nasty, markets could actually rally as investors reckon the tensions would abate, but if there are attacks on the Strait of Hormuz or on US bases, tensions could actually escalate and all bets would be off the table," said Nirmal Bhanwarlal Jain, founder of IIFL Group and managing director at IIFL Finance. Anthony Heredia, MD & CEO, Mahindra Manulife Investment Managers, said, 'If there is no escalatory move from Iran now or over the next few days, you may actually see positivity extending as in a risk-on market environment, people anecdotally find reasons to be optimistic rather than the other way around." Taking advantage Markets have shown remarkable resilience so far in the face of international skirmishes and tariff threats, and if there could be further escalation of tensions in the coming weeks if Iran were to retaliate, investors would do well to keep the powder dry to take advantage of any market correction, said Sandeep Bagla, CEO, TRUST Mutual Fund. Read more: Mint Explainer | Strait of Hormuz: Will Iran shut the vital oil artery of the world? George Thomas, fund manager at Quantum Mutual Fund, said that in the coming few days, markets are expected to be very volatile. Hence, investors should invest in a staggered manner, as it helps average out the cost and reduces risk. The India VIX index has fallen 9.13% since 13 June, when the war started. From a technical standpoint, the prolonged phase of consolidation has notably impacted key indicators, said Sudeep Shah, deputy vice president, head - Technical & Derivatives Research at SBI Securities. 'The upward slope of the short and medium-term moving averages has slowed down, reflecting a loss of momentum. Simultaneously, the daily RSI (Relative Strength Index) continues to move sideways, in line with the RSI range shift concept that suggests a lack of directional bias. Further, the trend strength indicator – ADX (Average Directional Index), is currently quoting near the 13 level, which was the lowest level since July 2024, which shows a lack of strength in either direction," Shah added. Shah added that the zone of 24,880-24,850 will act as immediate support for the Nifty 50 index. While on the upside, the zone of 25,200-25,250 will act as a crucial hurdle for the index, he said. However, India is in a better place than other times when there has been tension, experts say. 'While we find ourselves in a more inflationary than disinflationary environment, India has never been in a better place than it is now to handle the repercussions of the latest round of tensions," said Kenneth Andrade, founder and CIO of Old Bridge Capital Management. Even the Asian indices closed higher on Friday. The Hang Seng index closed 1.29% higher, the Kospi index closed 1.48% higher, and the CSI 300 index ended 0.09% higher. Where's oil headed? Under the severe outcome, oil prices could surge to $120-130 per barrel if the Strait of Hormuz is closed or there is a general Middle East conflagration, which could ignite retaliatory responses from major oil-producing countries, said JP Morgan in a report on 12 June. Concerns are that if Iran closes the Strait of Hormuz, the global oil supply will be disrupted, which in turn will cause a rally in oil prices. Read more: Donald Trump's war dilemma: Should America put boots on the ground in Iran or not? However, historically, Iran has never fully closed the Strait of Hormuz, even during major conflicts like the Iran-Iraq War (1980-1988), the rise in US-Iran tensions after 2011, or the fallout from the Iran nuclear deal (2018-2020). Experts say that this is because doing so would hurt Iran more than help it. About 20% of the world's oil passes through the Strait of Hormuz, which is also a key path for liquefied natural gas exports, especially from Qatar, one of the biggest suppliers. 'US naval forces in the Persian Gulf act as a strong military deterrent, and any closure attempt by Iran would risk severe retaliation," said Yes Institutional Equities in a report dated 18 June. It further added that Iran depends heavily on the Strait for its own oil exports and critical imports, making a blockade counterproductive. 'Moreover, shutting the Strait would harm regional allies like Qatar and Iraq, who also rely on the waterway, potentially straining Iran's strategic relationships. It would also violate international maritime law, further isolating Iran diplomatically," Yes Institutional Equities said. Hence, experts say that Iran has often used the threat of closing the Strait as a political tool to gain leverage in talks—without actually going through with it.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store