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Salary negotiation for Job in London

Nilesh Dias
Greenhorn

Joined: Jun 08, 2005
Posts: 7
Friends:

I have been selected for a .NET Analyst role in a technology company GamCom based in London. I'm based in Mumbai right now. I'll be getting my offer letters this week. I do not know about the offer yet but i had quoted 35-40K UK Pounds to them earlier. Now it seems the salary would be too low based on the taxes in UK and particularly expenses in London.

What should be a realistic salary in UK (London) for 5 Yrs total experience. 4 Yrs Microsoft.NET experience. Worked for MAQ Software, Accenture, MphasiS and on-site expereince at Microsoft USA.

Please let me know. My interviews went touch-wood and they seemed quite impressed.

Also let me know if any of you have heard of GamCom Solutions in UK??
Jeroen Wenting
Ranch Hand

Joined: Oct 12, 2000
Posts: 5093
Sounds like a decent salary depending on where in London you're be stationed and what benefits are included.

If they include housing for example, that's a lot of extra money not listed in the salary figures.
Also remember that income taxes and social security premiums for expats are lower than they are for natives, thus your net income is higher than that of a native earning the same amount before taxes.

And if the company is situated outside the City proper the pay is also lower as the cost of living in the City is a lot higher than in the outskirts.


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Nilesh Dias
Greenhorn

Joined: Jun 08, 2005
Posts: 7
Jereon:

I do not know about the difference in taxes for natives and expats but from what i get from the following site. I would get about 2200-2500 UK Pounds in hand.

http://www.listentotaxman.com/index.php?calc=1&year=2005&ismarried=1&age=0&add=0&taxcode=&period=1&ingr=35000&Submit=Calculate

I'm very much concerned about the accomodation costs. The location is based in Park Royal/Harlesden, NW 10. From property letting sites i found the rent to be 600-700 PCM for 1 Bed Flat.

How much do you think i should settle for?? Do companies pay an allowance for the city?
Roger Chung-Wee
Ranch Hand

Joined: Sep 29, 2002
Posts: 1683
Many people pay more than that in rent or mortgage. 35-40K UK Pounds will be more than adequate in London. As the office is near three Tube stations and one rail station, you do not have to live in the area - you can live quite some distance away and still get to work within a reasonable amount of time. You can reduce expenditure by buying an annual season ticket for the Tube and buses. If you cook, you will save even more.


SCJP 1.4, SCWCD 1.3, SCBCD 1.3
Nilesh Dias
Greenhorn

Joined: Jun 08, 2005
Posts: 7
Roger:

I'll be moving in with my wife, after we get married by end of this year. It seems that the office is located close to Harlesden tube. Is there any decent locality closer to this area where i can look for affordable accomodation. I'm looking for a 1 Bedroom flat within 750-800 GBP? Can I find a good enough accomodation within that budget??
Roger Chung-Wee
Ranch Hand

Joined: Sep 29, 2002
Posts: 1683
I am unable to give direct help, but this is what you can do. Go to this website which gives you a lot of information about London. So, if you are invistigating, say, Greenford for accommodation, you will get this.

You will also need Tube maps.
badari gururaj
Ranch Hand

Joined: Feb 25, 2002
Posts: 63
since your office is near Harlsden tube, you can find accomodation near the Wembley area under your budget. It may not be the best place in London to live but you will find a lot of Indian community around. I have stayed there myself and its pretty well connected. You can try this page to get more details on the accomodation in and around Wembley.
[ July 05, 2005: Message edited by: badari gururaj ]

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Nilesh Dias
Greenhorn

Joined: Jun 08, 2005
Posts: 7
Friends:

They have offered me 27000 GBP/Annum + Bonuses. I do not think bonuses will amount to much. Taking 27,000/Annum as my base salary, i would get 1661 GBP net in hand/Month. Considering monthly expenses of 1100 GBP, I would hardly be able to save 500 GBP/Month which will be lesser than what I'm saving in India right now.

I think the salary is too low but the company say this is the bench-mark. I have a total of 5 yrs IT expereince and about 4 Yrs in .NET. I have worked for Accenture, MphasiS and now have an offer to join iFlex. I'm confused about this. DO you think I should join them in London and switch to another job in a year on so OR shall I join iFlex and wait for an on-site opportunity.
Roger Chung-Wee
Ranch Hand

Joined: Sep 29, 2002
Posts: 1683
One of the questions to ask yourself is whether you and your wife want to live and work in London. After some years, you may be able to do so permanently. It is a question of lifestyle. What I suspect is important to you is that there are some big Indian communities in London and other parts of the UK.
Vishwa Kumba
Ranch Hand

Joined: Aug 27, 2003
Posts: 1064
Your experience sounds pretty good, so I think the offer that they have given you is less. If it is 27K with taxes, then it is less and definitely less in London. No doubt about that.....
I do not know about your company, but I imagine it to be a small software/consultancy company. I wouldn't be surprised if they try to subcontract you to other client places and take a big cut from the money you earn for them in the UK.

Somehow strangely, from my experience, some companies value UK experience more than the Indian work experience even though you might have worked for the big companies in India. After an year or so, you might be able to get into better companies here in the UK.

I have never lived in London, so do not know the places you have mentioned. But I believe it is expensive. I cannot really advise you. At the end of the day, it is your personal decision. . Some areas of London have a lot of Asian communities and so, you/wife won't feel really away from home.

Good Luck!
Nilesh Dias
Greenhorn

Joined: Jun 08, 2005
Posts: 7
I tried to work it out and they have now offered 30000 GBP. There would be a bonus component which they say would be a minimum of 10% for very good performers. If i take the minimum it would amount to 33000 GBP. I have not made up my mind. Will think about it for next few days.

What you guys are saying seems reasonable. I could always look around after an year or so. I do not want to be permanently based in London. Would like to spend 4-5 years and then come back to India.

Do let me know of your opinions...
san rek
Greenhorn

Joined: Nov 08, 2006
Posts: 1
Hi Buddy,

Did you take up the offer with GAMCOM, one of my friend has got an offer for 32K+Bonus, what do you suggest? how is the company? wrok etc.
Awaiting your reply.

Regards,
Sanrek
Ulf Dittmer
Marshal

Joined: Mar 22, 2005
Posts: 39547
    
  27
Hello san rek-

Welcome to JavaRanch.

According to our POSTING GUIDELINES, discussion of specific companies is prohibited. Please do not ask for information about any particular company, or post any information you may have - it will be swiftly deleted.
[ November 08, 2006: Message edited by: Ulf Dittmer ]

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deb bhai
Greenhorn

Joined: Nov 08, 2006
Posts: 2
Nilesh,

PPL working from India as Consultant (through Indian Companies)with 4-6 yrs exp get around approx 1900-2100 pounds after Tax in London.

Benifits - Return airfare
-Insurance

Your Housing Expense would be
700 PCM +100(Council Tax) +50-60 pounds(Utility Bills/month).
Food Expense -150 pounds/month.
Travel/Miscellaneous -50-70 pounds/month.

For a salary of 1700 pounds,You can save a lot provided you come alone and stay in shared accomodation.(Paying Guest in Wembley )ie 60pounds/week including Food).

Take Care.

-Debu
Mark Herschberg
Sheriff

Joined: Dec 04, 2000
Posts: 6037
Note that this thread is from nearly 18 months ago and is probably no longer relevant to the original author.

--Mark
 
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subject: Salary negotiation for Job in London
 
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