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Contemporary Salaries

Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

I am quite shaken by salary figures of people with around 2-4 years experience. Just wondering if I am frog-in-the-well and just missing all the fun happenig around!! How much a person with 6+ years experince is being paid in (1)Pune, (2)Banglore and other places? I though it was around 8-12 LPA but now I am not so sure!!

- Manish
Kj Reddy
Ranch Hand

Joined: Sep 20, 2003
Posts: 1704
Originally posted by Manish Hatwalne:
I am quite shaken by salary figures of people with around 2-4 years experience. Just wondering if I am frog-in-the-well and just missing all the fun happenig around!! How much a person with 6+ years experince is being paid in (1)Pune, (2)Banglore and other places? I though it was around 8-12 LPA but now I am not so sure!!

- Manish


Manish you are correct. As per my knowledge for 6+ years experience the salary is aroun 8 - 12 Lackhs per annum in Bangalore. There will be few people who are getting less than 8 and few people getting more then 12 but, average people stands between 8 - 12 lackhs category.
Vinit Patil
Ranch Hand

Joined: Mar 17, 2005
Posts: 37
Originally posted by Manish Hatwalne:
I am quite shaken by salary figures of people with around 2-4 years experience. Just wondering if I am frog-in-the-well and just missing all the fun happenig around!! How much a person with 6+ years experince is being paid in (1)Pune, (2)Banglore and other places? I though it was around 8-12 LPA but now I am not so sure!!

- Manish


Why we are expecting huge difference in salary for 2 yrs experienced and 6 yrs or more years experienced? If we look outside India, e.g. US/Europe, you will not find much difference in salary for 2 yrs exp and 6+ years experienced professional. What I think, 6+ yrs exp should not get more than 20%-30% that of 2 years exp. If 2 yrs exp person is getting 6 LPA then 6+ should not get more than 8+ LPA. 8-12 LPA is too high for 6+ yrs exp. In this case, 2 yrs exp should get 8-10 LPA.

-Vinit
Anjali S Sharma
Ranch Hand

Joined: Jun 29, 2005
Posts: 279
Originally posted by Vinit Patil:


Why we are expecting huge difference in salary for 2 yrs experienced and 6 yrs or more years experienced? If we look outside India, e.g. US/Europe, you will not find much difference in salary for 2 yrs exp and 6+ years experienced professional. What I think, 6+ yrs exp should not get more than 20%-30% that of 2 years exp. If 2 yrs exp person is getting 6 LPA then 6+ should not get more than 8+ LPA. 8-12 LPA is too high for 6+ yrs exp. In this case, 2 yrs exp should get 8-10 LPA.

-Vinit


A person with 2 years of exp. will be a SE and a person with 6-8 will in most probability be TL/PL, so the salary difference will definitely be more than 20-30%. Also, these days getting a 20% raise after your annual appraisal is normal. So that means, going by your formula, a person with 2 years of experience will get a salary equivalent to what a 6 year experience holder was getting last year (i.e, after getting experience of another year ). In other words, a person with 3 years exp. will get a salary what a person with 6 years of exp. was getting last year, which I feel is incorrect.
[ February 08, 2006: Message edited by: Anjali S Sharma ]
Pradeep bhatt
Ranch Hand

Joined: Feb 27, 2002
Posts: 8919

Manish, I am also shaken.


Groovy
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

There are salay experience brackets in India, and this is how they work --

0-2 years -> Junior Programmer
2-4 years -> Software Engineer, Sr. S/W Enginner, Developer etc.
4-6 Years -> Sr. Software Engineer, Module Lead, Sr Developer etc.
6+ years -> Team Lead, Project Lead, pm etc.

Different brackets have differnt salaries, and designations. Though, 2-4 years has always been a sweet spot.

If 2 years programmer is gettting 6 LPA and another guy is getting 8 LPA for 6 years experience in the same company, the guy with 6 years experience is most likely to quit. As any headhunter wil tell you, expereinced guys are hard to find. And companies will try to retain them. If a compay is paying 6 LPA for 2 years experience they *must* pay close to 12 LPA or more for 6 years expereince to keep him. Often, it is not about the salary figure, but perceived competence & perceived stature of your job profile -- and if you're drawing less, you are seen with a question mark.

Whether productivity actually gets multiplied with more years etc. are debatable issues; and best saved for another thread. Likewise, one can also ask what makes s/w professionals feel that they deserve such a high salary when one of my friends is getting 8000 INR/month as a fresh Mech Engineer with exceptional intelligence (his project has won some awards) and academics. His sal will raise to 12k/month from April -- and he's happy with it.

It's only software which is paying soooo high in India (I am not counting myself out. I am very much part of it, but I admit that I am overpaid) , and if greed continues I doubt how long wil it be possible to sustain these level of salaries.

- Manish
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Actually, we often suffer from selective myopia. We only support *our* types -- things that we can relte to at any given time. It helps to have broader perspective and to see things from other angles. It would be interesting to see if the same person has these views about salaries (why should there be large difference...) when he reaches 6 years of experience.

- Manish
Pradeep bhatt
Ranch Hand

Joined: Feb 27, 2002
Posts: 8919

If 2 years programmer is gettting 6 LPA and another guy is getting 8 LPA for 6 years experience in the same company, the guy with 6 years experience is most likely to quit. As any headhunter wil tell you, expereinced guys are hard to find. And companies will try to retain them. If a compay is paying 6 LPA for 2 years experience they *must* pay close to 12 LPA or more for 6 years expereince to keep him. Often, it is not about the salary figure, but perceived competence & perceived stature of your job profile -- and if you're drawing less, you are seen with a question mark.

Now a days freshers are asking for more. if they dont get they will join some other company.
Vinit Patil
Ranch Hand

Joined: Mar 17, 2005
Posts: 37
Originally posted by Manish Hatwalne:
There are salay experience brackets in India, and this is how they work --

0-2 years -> Junior Programmer
2-4 years -> Software Engineer, Sr. S/W Enginner, Developer etc.
4-6 Years -> Sr. Software Engineer, Module Lead, Sr Developer etc.
6+ years -> Team Lead, Project Lead, pm etc.

Different brackets have differnt salaries, and designations.


true, all countries have.


Though, 2-4 years has always been a sweet spot.

If 2 years programmer is gettting 6 LPA and another guy is getting 8 LPA for 6 years experience in the same company, the guy with 6 years experience is most likely to quit. As any headhunter wil tell you, expereinced guys are hard to find. And companies will try to retain them. If a compay is paying 6 LPA for 2 years experience they *must* pay close to 12 LPA or more for 6 years expereince to keep him. Often, it is not about the salary figure, but perceived competence & perceived stature of your job profile -- and if you're drawing less, you are seen with a question mark.

Yes, this is happening currently in India. There is a huge difference in salaries and companies are also responsible for it. Taking above example, if no company offers difference of more than 20%-30% for people having 1-10 yrs exp, then this problem will never arise as what happens in US/Europe/Australia. In India, we have salary diff up to 1000% or even more for 1-10 yrs exp professionals. Have you ever find such difference elsewhere? e.g. its 60K-80K for 2 yrs exp and 70K-90K for 6yrs exp in US. So the difference is around 20%-30%. What a comparison! This is not good for Indian IT industry - both people and companies are responsible.
But I am sure, in coming years, difference will be minimized.


Whether productivity actually gets multiplied with more years etc. are debatable issues; and best saved for another thread. Likewise, one can also ask what makes s/w professionals feel that they deserve such a high salary when one of my friends is getting 8000 INR/month as a fresh Mech Engineer with exceptional intelligence (his project has won some awards) and academics. His sal will raise to 12k/month from April -- and he's happy with it.

That's why, we should have more matured salary levels so professionals like your friend will get deserved salary.


It's only software which is paying soooo high in India (I am not counting myself out. I am very much part of it, but I admit that I am overpaid) , and if greed continues I doubt how long wil it be possible to sustain these level of salaries.

- Manish

Exactly. And I am sticking to my original point.
[ February 08, 2006: Message edited by: Vinit Patil ]
Vinit Patil
Ranch Hand

Joined: Mar 17, 2005
Posts: 37
Actually, we often suffer from selective myopia. We only support *our* types -- things that we can relte to at any given time.

Hmmm, I can find the 'selective myopia' looking into other replies. We only support *our* types -- things that we can relte to at any given time.


It helps to have broader perspective and to see things from other angles. It would be interesting to see if the same person has these views about salaries (why should there be large difference...) when he reaches 6 years of experience.

- Manish


I am totaly agree with you. People will always expect best if there is a room to grow.


-Vinit
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Do you know or realize, by any chance, what you are saying?

- Manish
Vinit Patil
Ranch Hand

Joined: Mar 17, 2005
Posts: 37
Originally posted by Manish Hatwalne:
Do you know or realize, by any chance, what you are saying?

- Manish


Hello Manish,
I really didn't understood what you want to say.
do you have any objection on my comments or do you have any disagreement on my comments?
If any of my comments hurt your feelings, I am really sorry and please let me know which comment hurt your feelings. I will make sure that it will not happen again.

If you have any disagreement on my comments, then also, please let me know.
Please clarify.
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Originally posted by Vinit Patil:


Hello Manish,
I really didn't understood what you want to say.
do you have any objection on my comments or do you have any disagreement on my comments?
If any of my comments hurt your feelings, I am really sorry and please let me know which comment hurt your feelings. I will make sure that it will not happen again.

If you have any disagreement on my comments, then also, please let me know.
Please clarify.


Nothing serious really! No hurting feelings etc. etc.
I could not really understand what you were trying to convey, because you didn't seem to disagree and (I felt) you just interpreted things differently.

And I am skeptical if mechanical industry would reach that level of salary in the near future -- the work/product/project needs to generate revenues to sustain salaries. If at all I feel software salaries would (and should) reduce. Understand that the reason software professional are paid so high because the projects are from developed countries and USD to INR or Euro to INR ratio makes all the difference. With expereince you also tend to see non-technical aspects of your job...

As for not agreeing with some other things that you said, well I am not even sure I have understood what you were trying to convey. There are few thigs I'd like to elaborate -- but I'll skip that, I am just tired of writing long posts here. Besides, sometimes it is best for an individual to figure out few things on his own from his personal experience; knowing or explaining doesn't seem to help much!!

- Manish
Sachin Mehra
Ranch Hand

Joined: Jan 07, 2005
Posts: 77
This is a new pattern that has recently emerged in the market for people in 2-4 years of experience range and at the top level (CEO,CTO). They have got a sudden jump in their salaries.

For other folks its still following the old pattern. Not sure how the market and junta going to respond to it.
Tauri Valor
Ranch Hand

Joined: Aug 03, 2005
Posts: 166
Guys,

I realised that more you demand, the more you are in Demand.

Dont you think that Software has already revolutionised worlds pattern, which it still does, and will do in the days to come ?

Dont you think that the R & D done by programmers deserve to be paid ?

We are inventing and selling and for that theres a huge demand in market since it paves the way for a better living.

What the company pays us is just a small percentage of profit they earn. They still save a lot even after paying all the bills.

So Keep demanding more , but keep inventing more and more.


A Moment's insight is sometimes worth a Life's experience.
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Hmmmmm!
So back to topic again, what's the salary rangge in your company/city for 6+ years professional?

- Manish
Raghu Rajamarian
Greenhorn

Joined: Feb 01, 2006
Posts: 27
14 lakh for a guy with 6 year experience
Arjunkumar Shastry
Ranch Hand

Joined: Feb 28, 2005
Posts: 986
I think thats too much.For six years average salary I believe falls between 6L to 8L.Basically we have to divide people not by years of experience but by skills they possess.
Catia(some CAD/CAM tool) programmer with 2 years experience might earn more than general java programmer with same years of experience.
For 6 years of java experience,I believe 6 to 8L is a yearly salary given by Wipro/Infosys/TCS.US Offshore firms might offer little more as they have opened the shops here for cost saving than profit.Hence they can spend more on employees than Indian companies.
Product specific skills are very hot in terms of salary and going onsite too.


Namma Suvarna Karnataka
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Average is definitely 8 to 12 for any self-respecting company, and it's at least touching 10 LPA in Pune for PSPL, Veritas and even for othercompanies like Ensim, Cybage (more tan 12 for some cases I know) etc.

AFAIK, Wipro/TCS have never been paymaters -- they are big stable companies, but not recommended in terms of grwoth and learning. Small & mid size companies do pay well and make you work harder -- lots of learning and give you exposure to diverse technologies!

I agree about skill-set, exposure etc. being parameters for salary, but with increase in salary for all levels, the average itself goes up.

- Manish
[ February 10, 2006: Message edited by: Manish Hatwalne ]
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Originally posted by Raghu Rajamarian:
14 lakh for a guy with 6 year experience


That's a new trend, it's touching 15 LPA these days and was inevitable, if less than 2 years expereince is paid 6 LPA, you can't keep guuy with 6 years experience happy at 8 LPA -- 6 LPA is unthinkable!

- Manish
Savio Fernandes
Greenhorn

Joined: Apr 14, 2005
Posts: 16
Are we heading this way ??

========================================================================
Reaching the end of the job interview, the Human Resources person asked a young MBA fresh out of MIT, "And what starting salary were you looking for?"

The candidate responded confidently, "In the neighborhood of $125,000 a year, depending on the benefits package."

The HR person said, "Well, what would you say to a benefits package of 5 weeks vacation, 14 paid holidays, full medical and dental, company matching retirement fund to 50% of salary, and a company car leased every two years -- say a red Corvette?"

The graduate sat up, mouth agape and said, "Wow! Are you kidding?"

And the interviewer responded, "Of course ... but you started it!"

===================================================================

Sorry, I dont mean to hijack this thread or take away from it's seriousness, but I do think that this is what will happen sooner rather than later.
Sameer Jamal
Ranch Hand

Joined: Feb 16, 2001
Posts: 1870
Originally posted by Manish Hatwalne:


That's a new trend, it's touching 15 LPA these days and was inevitable, if less than 2 years expereince is paid 6 LPA, you can't keep guuy with 6 years experience happy at 8 LPA -- 6 LPA is unthinkable!

- Manish


For how long it will last ?.
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Originally posted by Savio Fernandes:
Are we heading this way ??

========================================================================
Reaching the end of the job interview, the Human Resources person asked a young MBA fresh out of MIT, "And what starting salary were you looking for?"

The candidate responded confidently, "In the neighborhood of $125,000 a year, depending on the benefits package."

The HR person said, "Well, what would you say to a benefits package of 5 weeks vacation, 14 paid holidays, full medical and dental, company matching retirement fund to 50% of salary, and a company car leased every two years -- say a red Corvette?"

The graduate sat up, mouth agape and said, "Wow! Are you kidding?"

And the interviewer responded, "Of course ... but you started it!"

===================================================================

Sorry, I dont mean to hijack this thread or take away from it's seriousness, but I do think that this is what will happen sooner rather than later.



LOL
This is happening....not in future but right now.

If you ask me honestly, how much salaries *should be*, I think 5-6 LPA itself is a good package, but then if everybody is drawing more and if my assessment will be done primarily on my CTC, I might ask for the competent pay package as well.

- Manish
[ February 10, 2006: Message edited by: Manish Hatwalne ]
Savio Fernandes
Greenhorn

Joined: Apr 14, 2005
Posts: 16
So, a thought just crossed my mind. Why do we feel that these salaries being offered are way over the top?
Is it because our advantage of being a major outsourcing destination will diminish with rising salaries? Since we will no longer be cheap labour, we will lose out in the long run? (Possible discussion for another thread: Are we a preferred outsourcing destination only because we are cheap? )

A few years earlier these may have been unthinkable salaries. But is that true now? Since companies are able to pay these kind of salaries, why cant we demand them? And even with such high salaries we are still paid way below our counterparts in the US....
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Originally posted by Sameer Jamal:


For how long it will last ?.


That's the question/concern I also have....and when I try to speak against it, I am perceived as someone ascetic, over-critcial despite being in the same profession and drawing equally well. But I think there's a difference between knowing that you are overpaid, and beliving that you must be paid that much. I'd like to believe I belong to former category.

A more serious concern is -- when such high salaries cannot be sustained (hey it happens, we had to take 30% cut in our sal in 2001, not so long ago); the retrenchment majors are rather extreme and may cause some serious problems to the professionals who are addicted to being spendthrifts. Being prudent and saving won't hurt -- but then experiences are so personal, they can't make anyone else wiser!

If jobs get outsourced to India from US for saving costs, why can't they be outsourced somewhere else?? What makes us believe we deserve to be paid so highly -- speaking for myself even my dad didn't earn the kind of money I earn when he retired, and that's true for many of my friends. If other industry people also demand equally high salaries (they also invent, they also work hard) wouldn't that force ineviatble price rise across the nation? Then how good is 10 LPA if your house rent itself is 2 LPA and your monthly bills keep all the time -- the laundry will take more money, milk will be more expensive, electriccity even more expensive and so on!!

And education -- it's already very, very expenensive. My neighbours kid in standard 1 has to pay more fees per annum than what I have paid in my entire life! Education was always cheap & good (relatively) in India and educated middle-class was its strength; not sure sure if that would be the case 20 years from now!!

Anyway -- looks like party time here, sorry if I sound like spoilsport!!

- Manish
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Originally posted by Savio Fernandes:
And even with such high salaries we are still paid way below our counterparts in the US....


Just a smal clarification for this one point -- we are two differnt economies, with PPP person earning 12 LPA in India has much better lifestyle as compared to someone earning USD 70000 PA in US.

The main concern is rapidly increasing polarization, consumerism; both of which have serious repercussions in the future. We can't afford to have tunnel vision, India exists beyond IT & Software. Do we regularly interact with peopple from other professions?? Do we notice how much jealously/resentment is there?? It would be naive to believe that it won't affect us adversely -- maybe it's just inevitable.

- Manish
Karthik Guru
Ranch Hand

Joined: Mar 06, 2001
Posts: 1209
Originally posted by Manish Hatwalne:


It's only software which is paying soooo high in India (I am not counting myself out. I am very much part of it, but I admit that I am overpaid) , and if greed continues I doubt how long wil it be possible to sustain these level of salaries.

- Manish


Some of the software that I have written has fetched millions of dollars for my company/employer. Now I wonder what did we do to deserve millions of dollars from the client. Now does that make my company/any other software company greedy? If it does then I'm perfectly ok with s/w professionals being greedy too.
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Originally posted by Savio Fernandes:


A few years earlier these may have been unthinkable salaries. But is that true now? Since companies are able to pay these kind of salaries, why cant we demand them?


I meant 6 LPA is unthinkable for someone with 6 years experience because it sounds *too low* in today's market.

- Manish
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Originally posted by Karthik Guru:


Some of the software that I have written has fetched millions of dollars for my company/employer. Now I wonder what did we do to deserve millions of dollars from the client. Now does that make my company/any other software company greedy? If it does then I'm perfectly ok with s/w professionals being greedy too.


Me too ok with being greedy in that case!!

We're mistaken a bit here though -- we are comparing salaries with business returns, there's a vast difference there. A business runs on various things besides the software you and I write. Infrastructure costs are high and so are running costs. As a salaried person, one always earns fraction of huge profits (millions and billions of USD) that companies make. That's how it has been! wWen there was a slump they made us work for peanuts and now that market is hot, we're raking it in.

But trust me -- I have seen and have been involved in business aspect as well -- if as a business person I make 100 INR, and I pay someone 3-4 INR for work he is doing for me, and if I can get someone do do that work for me for 2 INR, I most likely to opt for him. Now if 3-4 INR guy is slghtly better than 2 IN guy, I would perhaps think twice before switching -- but if 3-4 INR guy gets demanding and asks for 6-7 INR, it will make more business sense for me to hire two 2 INR guys, moreover those guys will be happy as their economy is just started growing...and they hadn't heard of anything more than 1 INR before. Moreover, I don't have to be insecure with them like 3-4 INR guy (who now is 6-7) wondering if his next target would be 9-10 INR, gives me loger duration of peace of mind as a businessman. Do you see what am I saying?? In a way it is a purely capitalist approach -- something that USA statrted with, and now same value for money ratio makes them loose their jobs....and.....maybe some of them are realizing that it was inevitable.

Our good quality, cheap education made us eligible for taking up these type of programming/software jobs from the west, but if we are not prudent enough; it won't be long befor ethe bubble wil burst. Moreover, it will create some serious socio-economic problems.

- Manish
Vinit Patil
Ranch Hand

Joined: Mar 17, 2005
Posts: 37
I think, the salary differences for various level in IT industry will get minimized in near future in India. The second point, there is huge difference in salaries between IT industry and other industry, which is not good for country. I support salary increase in other industries should happen in same scale as that of IT industry in India. So that everyone gets huge salaries and everyone must have to spend lot of money also because of same PPP as today we have. Increase in salaries is very good sign of growing economy. Imagine that, everyone in India from all industries drawing same salary that of US counterpart, doesn't it will mean that India will be a developed country!
Whether Indians have same capability for Quality, Innovation, Commitment as that of there counterparts in US/UK etc is debatable issue and in coming years, we can see the results.

-Vinit
Sameer Jamal
Ranch Hand

Joined: Feb 16, 2001
Posts: 1870
I've a few questions.

Is this trend benificial for us (not individuals) ?
Does the increasing salaries of software professionals will effect the cost of living(education, rent etc) as a whole ?
Should Indians be less demanding to keep it the number one outsourcing destination of the world or we should take advantage of what is going on right now and enjoy the feast.
Does any of you will settle down for 6LPA if you were offered 15LPA?
Does the old economy sector employees will ever be able to touch such salaries ?
Who is our competitor in the global market interms of providing cheaper and same quality service ?
Karthik Guru
Ranch Hand

Joined: Mar 06, 2001
Posts: 1209
Originally posted by Manish Hatwalne:

We're mistaken a bit here though -- we are comparing salaries with business returns, there's a vast difference there. A business runs on various things besides the software you and I write. Infrastructure costs are high and so are running costs. As a salaried person, one always earns fraction of huge profits (millions and billions of USD) that companies make. That's how it has been!


Are you advocating 'I will Keep everything to myself' kind of attitude from your employer? And btw we are asking for a fraction only ...it has gotten a little larger though.


now that market is hot, we're raking it in.

And so are the employers and we are 'enabling' it.


But trust me -- I have seen and have been involved in business aspect as well -- if as a business person I make 100 INR, and I pay someone 3-4 INR for work he is doing for me, and if I can get someone do do that work for me for 2 INR, I most likely to opt for him.


Oh yeah they will. They already are. They are greedy then are'nt they?.


of peace of mind as a businessman.


Absolutely! so we s'd also behave like one. That is all am saying.


Our good quality, cheap education made us eligible for taking up these type of programming/software jobs from the west, but if we are not prudent enough; it won't be long befor ethe bubble wil burst. Moreover, it will create some serious socio-economic problems.
- Manish


Do you expect an infy to ask for $10/hr if the client is willing to part with 60?
Vinit Patil
Ranch Hand

Joined: Mar 17, 2005
Posts: 37
In my opinian

Originally posted by Sameer Jamal:
I've a few questions.

Is this trend benificial for us (not individuals) ?

Yes.


Does the increasing salaries of software professionals will effect the cost of living(education, rent etc) as a whole ?

Yes.


Should Indians be less demanding to keep it the number one outsourcing destination of the world or we should take advantage of what is going on right now and enjoy the feast.

If Indians don't compromise on Quality, they should keep demanding more.


Does any of you will settle down for 6LPA if you were offered 15LPA?

may be no one.


Does the old economy sector employees will ever be able to touch such salaries ?

There will be impact of IT on other sectors. But in long run, they will get.


Who is our competitor in the global market interms of providing cheaper and same quality service ?

No one. China has a long way to come.


-Vinit
Arjunkumar Shastry
Ranch Hand

Joined: Feb 28, 2005
Posts: 986
Originally posted by Sameer Jamal:

[QB]
Is this trend benificial for us (not individuals) ?

Currently yes.


Does the increasing salaries of software professionals will effect the cost of living(education, rent etc) as a whole ?

No,bubble is(will) be limited to few cities.Total IT population is fraction of entire population of country.Even without presence of current situation ,inflation will be there.(Recall period twenty years back when computers were just introduced ,vegetable were expensive and so was real estate,air fare and cars.)


Should Indians be less demanding to keep it the number one outsourcing destination of the world or we should take advantage of what is going on right now and enjoy the feast.

All Indians are human beings hence family and their income and its utilisation is a priority than sacrifice for the nation.Its the duty of the government to change the policies in such a way that inflation will be controlled and basic things will be affordable to all people.


Does any of you will settle down for 6LPA if you were offered 15LPA?

No


Does the old economy sector employees will ever be able to touch such salaries ?

Every Indian is not employee.Less than 10% of population pay proper income taxes.also people who are not into IT are not begging on the road.Shop owners,builders,chemists,sarpanch in a village,MLAs,muncipal officers,bank employees ar making descent money.You are not alone.!!!

Who is our competitor in the global market interms of providing cheaper and same quality service ?

Every country is a competitor.
Appu Chan
Greenhorn

Joined: Aug 29, 2002
Posts: 28
There is acute shortage of people with 4-6 years experience in tyhe job market. This is due to the tech meltdown in post 2k (2000-01) period resulting in many people opting out of IT jobs. So this set of people are the luckiest ones currently!

Appu.
Ramesh Choudhary
Ranch Hand

Joined: May 10, 2005
Posts: 200
Such a long discussion, I cannot keep away from it. I seriously doubt the 'bubble and big-bang theory'. Presently SE's here are available at a dirt cheap price. The salary boom will flatten out at some time or the other. But do not correlate this situation to a economic crash.In the IT-pricing pyramid,India is right at the bottom. I cannot see any single country or group of countries snatching all the IT projects from us(Atleast for another 30 years). May be a well-managed africa (after 30 years ) will be a threat to us.

BTW we are missing the larger picture. Our manufacturing prowess is growing at a steady rate of about 5% year. Even if software 'bubble' bursts, it will not be of any major consequence.
Appu Chan
Greenhorn

Joined: Aug 29, 2002
Posts: 28
Theory about "only IT professionals" getting good pay is not really correct. If you look at the current pay packets in other industries like Banking, Pharma, Investment, Insurance, Auto etc, they are also quite good. Ofcourse I mean the pvt sector only as of now. I read an article recently about the MD of the govt owned Indian Oil Corp is paid only about Rs 8 lacs per annum, whereas the pvt sector Reliance Petro MD gets Rs 6 crores! Most of these pvt cos pay a starting salary of atleast 2 lacs pa for fresh recruits as well.

The main reason is good overall growth of economy and huge demand for educated/skilled people. However our education system is not able to cope up, driving demand-supply gap higher. Look at the demand for professionals in insurance and airlines industry where we have a big gap in education. Even though the salaries will remain quite high, the growth rate may slow down once the supply of manpower and other infra resources increase.

Appu.
ankur rathi
Ranch Hand

Joined: Oct 11, 2004
Posts: 3830
I think, it's completely fair to ask for a huge amount (even if you feel, you don't deserve it), why not??

Companies are earning more than us and so they are paying. When they will stop earning, they will stop paying, as it happened before...

Why do we care??

And anyway, companies are not going to reduce price for their client even if we take less...
Sachin Mehra
Ranch Hand

Joined: Jan 07, 2005
Posts: 77
yes, companies are paying well. But its not happening at all levels in the IT industry. I am not aware of many companies paying more than 15 lpa for people in 7-10 yrs experience range
Manish Hatwalne
Ranch Hand

Joined: Sep 22, 2001
Posts: 2578

Hmm, maybe you guys are right. This article suggests that "average salary hikes in India are expected to be among the highest in the world".

Maybe I should ask for a BIG hike in my next revision.

- Manish
 
 
subject: Contemporary Salaries