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.