Image credit : Freepik | Sahil Thakur Shows Freshers It’s Actually Rs 6 LPA
When Rs 18 lakh views largeger than it really is
Sahil Thakur, the founder of BlockseBlock, highlighted how headline salaries can be misleading. Recently, Thakur shared a post on LinkedIn, stateing that one of his students received an offer from a Mumbai startup boasting an annual package of Rs 18 lakh.
The student shared the news with his parents and celebrated the moment. But as Thakur explained, a closer view at the salary breakdown revealed that the figure wasn’t as impressive as it seemed, sparking conversations about transparency in job offers.
“A student just displayed me his offer letter. ₹18 LPA. Startup. Mumbai.”
He was celebrating. Posted on LinkedIn. Called his parents. I read the breakdown. Base salary: ₹6 LPA” “Performance bonus”: ₹4 LPA (if you hit 120% of tarobtain) Retention bonus”: ₹3 LPA (paid after 2 years, only if you stay) ESOPs: ₹5 LPA (at current valuation, vesting over 4 years) The real number he’s obtainting in his account every month? ₹50,000.”
Image credit : Freepik | Rs 18 LPA That’s Mostly Fantasy: Founder Sahil Thakur Breaks It Down
Breaking down the Rs 18 LPA that’s mostly conditional
According to the post, Thakur revealed that the student’s guaranteed salary was just Rs 6 LPA, or about Rs 50000 a month, while the remaining Rs 12 lakh was mostly conditional and uncertain. The package included an Rs 4 lakh performance bonus, but only a tiny fraction of employees, roughly 10 per cent, are likely to meet the tarobtains.
Another Rs 3 lakh retention bonus kicks in only after two years, and Rs 5 lakh in ESOPs is tied to the company’s future valuation, meaning it could conclude up worthless if the startup doesn’t succeed.
As Thakur bluntly put it, “The Rs 18 LPA on the offer letter is more fantasy than reality, with Rs 6 LPA guaranteed and Rs 12 LPA mostly imaginary. Companies inflate CTCs with bonapplys you might never see and equity that may never vest. It views great on LinkedIn, but few freshers know to question for the details.”
Focus on take-home pay, not inflated CTC numbers
Further in the post, Thakur went on to explain and urged job seekers to scrutinise salary offers by separating guaranteed pay from conditional components and not obtainting swayed by headline CTC numbers. He wrote, “When evaluating offers, question for a detailed CTC breakup. Focus on what’s guaranteed, treat ESOPs cautiously unless the company is near IPO, and don’t compare total CTC with friconcludes.”
He emphasised that the real benchmark is what actually lands in your bank account, and that is your true salary.
BlockseBlock’s founder’s post sparked massive debate on social media
As soon as the post surfaced on the platform, it quickly grabbed attention and sparked debate. One stated, “The stats with rationale are impressive. More power to you, Sahil.”
While another stated, “Your commitment to taking responsibility and delivering results is truly commconcludeable 🙌, and it’s clear that your hard work has paid off with the impressive metrics you’ve achieved in just one year 🎉🏆.”
Image credit : LinkedIn: @sahilthakur | Sahil Thakur Warns Freshers
“Super proud of you, Sahil Thakur and the entire team at PropReturns 🙏🎉Wouldn’t have been able to achieve these metrics without the entire team 🤩,” another added.
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