Category Archives: Interesting

Indian IT professionals among worst paid globally

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A recent article in The Economic Times reports that Indian IT workers are among the 4th worst paid globally (and 3rd in Asia). This comparison should be taken with a pinch of salt because the salary is compared in US dollars and the buying power per dollar varies wildly among the nations compared.

Vietnam is the lowest payer followed by Bulgaria and Philippines. Switzerland pays the best money to IT professionals followed by Denmark and Belgium, according to this survey by Mercer.

See Mercer’s Press Release here.

Most Expensive Cities in the World

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According to CNN Money, the most expensive city in the world in Moscow, Russia. It kepts its #1 spot from last year. The #2 spot is for London, United Kingdom which moved up from the #5 spot last year. Seoul, Tokyo, and HongKong take up #3, #4 and #5 spots respectively.

What is unbelievable is

A luxury two-bedroom in Moscow now rents for $4,000 a month; a CD costs $24.83, and an international newspaper, $6.30, according to Mercer. By comparison, a fast food meal with a burger is a steal at $4.80.

The most expensive city in USA is New York which is at #15, down from #10 last year. Los Angeles, the second most expensive city in USA, is at #42. LA was at #29 last year.

Here is the list of top 20 most expensive cities in the world.

  1. Moscow
  2. London
  3. Seoul
  4. Tokyo
  5. Hong Kong
  6. Copenhagen
  7. Geneva
  8. Osaka
  9. Zurich
  10. Oslo
  11. Milan
  12. St. Petersburg (Russia)
  13. Paris
  14. Singapore
  15. New York City
  16. Dublin
  17. Tel Aviv
  18. Rome
  19. Vienna
  20. Beijing

I Googled these facts after having a chat with my college mate Kiran Swaminathan (who is currently in London) when we compared living expenses in UK and USA :-)

Average salary in Indian Software industry up by 11% in 2007

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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.