11th Sep 2007
Average salary in Indian Software industry up by 11% in 2007
From an article in Economic Times:
The average salary in the Indian software industry grew by 11 per cent in 2007 compared to a three per cent dip last year, an annual survey conducted by a leading industry analyst said on Tuesday.
The more interesting thing is:
It found that there is virtually no correlation between ‘salary levels’ and ‘satisfaction with salary’.
HCL infosystems was way down at No 23 in salary rank, but it has topped the charts on employee satisfaction with salary.
While TCS employees ranked their company at No 4 in terms of ‘satisfaction with salary’, it was ranked at No 13 in terms of salary. Infosys was ranked at No 12 in terms of salary but No 28 in terms of ‘satisfaction with salary’.
Read the complete article here.
Most interesting thing is
@ HCL you get a stern order from the top ‘what to write and what not to’ in the survey. You get in there as a fresher (For that Matter HCL Infosystems used to only recruits freshers.. No Laterals), and think this is what happens in every company…
But it took some time for me to understand that there is a different world outside as well
No wonder they are No- 1 in survey
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