This feels like pretty much common sense. A buddy of mine jumped to another large MNC with a 50% hike and. I also interviewed with a startup and got offered

This feels like pretty much common sense. A buddy of mine jumped to another large MNC with a 50% hike and. I also interviewed with a startup and got offered a 35% hike by a relatively smaller company. I rejected it feeling it was too low. But my own company gave me a 20% hike in my fixed pay but reduced my bonus down by 33% roughly making my overall hike at ~5%. I had expected a 30% hike as I had worked pretty hard (my manager gave me the highest rating possible and I got an award for being a "great employee")