Ram Posted June 23, 2009 Posted June 23, 2009 Good to hear the jackass comment did not find much support. What essentially Nayar saab is not saying is that he has the choice of picking Indians from top colleges for a pittance(a super healthy 10 lakhs per annum in India still counts for less than 25 K in USA). And so while the best of what India has to offer will join HCL, if HCL decided to go to top US colleges they would find absolutely noone willing to join. This has traditionally been the way Indian companies have made money, both at home and abroad. Well, the pay in Indian companies is according to the cost-structure of Indian companies and the standards of living in India. An Indian company cannot afford to pay a developer with 2-3 years experience 20 lakhs/annum, even though the same developer would have earned an equivalent sum, had he been working in the U.S. If they did, they wouldn’t make a dime in profit. The pay of employees is based on their cost-structure and the cost of living. Keeping this in mind, a 12 lakhs/annum salary is plenty, especially in a place like India. Surely, compensation is the one of last things we should all be complaining about, in Indian IT companies.
Lurker Posted June 23, 2009 Posted June 23, 2009 Surely, compensation is the one of last things we should all be complaining about, in Indian IT companies. Oh trust me I am the last person to complain about IT salary, in India or abroad. I personally beleive all the IT folks are overpaid, yours truly included. But that was not the assertion I was trying to make. My assertion was rather simple. Indian IT giants, HCL included, feast on a plethora of highly educated Indians that they basically grab for a pittance. The Indian multinationals rarely make any contribution towards Indian universities. Anyone who has studied in the West will tell you of the amount of sponsorship a Microsoft, a Pfizer etc knows how Universities have benefitted from collaborations. Indian companies often come across as being a leech who grab the best brains for a fraction of world prices and make tall claims as up above. Unless of course you are talking of companies like Tata group. There is the other thread in this section about a celebrated soldier dieing in penury. The reason that does not happen in most developed countries is not because the Government takes care of them but because the Private sector does. Unfortunately Indian Private sector is too far removed from that kind of notion. xxx
Ram Posted June 23, 2009 Posted June 23, 2009 Oh trust me I am the last person to complain about IT salary, in India or abroad. I personally beleive all the IT folks are overpaid, yours truly included. But that was not the assertion I was trying to make. My assertion was rather simple. Indian IT giants, HCL included, feast on a plethora of highly educated Indians that they basically grab for a pittance. Well, they dont. I think both of us just agreed to the fact that the sector pays the best salaries in India. Just because the companies' clients happen to be Western organizations that pay them in dollars, does not mean the IT companies must pay Western-level salaries to Indians, working in India. The salary is consistent with the companies' own internal cost-structure and the cost of the living in India. I dont see anything wrong with that. The Indian multinationals rarely make any contribution towards Indian universities. Anyone who has studied in the West will tell you of the amount of sponsorship a Microsoft, a Pfizer etc knows how Universities have benefitted from collaborations. Indian companies often come across as being a leech who grab the best brains for a fraction of world prices and make tall claims as up above. Unless of course you are talking of companies like Tata group. I think you would be amazed to know much social and charitable work some of these companies indulge in. I know for a fact that companies like Infy and Wipro do a lot of work for kids education, especially at the grassroots level. I am not saying our IT companies are a model for the rest of the world, far from it. But I just feel you're being unfairly critical about them.
vipin Posted June 23, 2009 Posted June 23, 2009 Well , to be very straightforward. If there is a job that can be moved from the US to India and still be done well , it shall be moved. You can't blame the companies for providing a pittance to people in india with the same kind of qualifications as compared to the US for doing the job , because the pittance still lets them have the same standard of living an equivalent worker would enjoy in the US. If you must blame anything , its the exchange rate. And if you must again blame someone for the high exchange rate, it is again the US , cause if they lowered the exchange rate , they would get bought off like scrap by the rest of the world. So basically it is not possible to have a medium to low end IT worker in the US who can still be called 'employable' according to the rules of the global economy.
Lurker Posted June 23, 2009 Posted June 23, 2009 Just because the companies' clients happen to be Western organizations that pay them in dollars, does not mean the IT companies must pay Western-level salaries to Indians, working in India. Thats not the point. The point is that an Indian company, say HCL, can take the creme-de-la-creme of what India has to offer for a pittance. 10 lakh per annum, which rarely a BTech grad in India receives, still only makes for a paltry 25K. Now when HCL goes out looking for young recruits they are not gonna get any candidates for that amount. To get people comparable to what they essentially get for a pittance in India they would have to shell out a cool 60-75 K, at entry level. For Mtech/Phds the going rate would be even higher. Do you really think HCL will pay that kind of money in USA when they can get 3 people for the same amount in India? Of course not. They go to smaller colleges and even there wont be able to pick the brighest...hence the whole "unemployable" tag. xxx
THX_1138 Posted June 23, 2009 Posted June 23, 2009 A B.S. in math and such poor 'proving" skills...where is Rudin when you need him. :((:(( Rudin is dead... these days Kaplansky is my homeboy.
EnterTheVoid Posted July 1, 2009 Posted July 1, 2009 A story closer to home (Australia). A good friend of mine graduated from university least year with an electronics engineering degree, speacializing in micro engineering with a GPA of 5.4 (out of 7) and an honors degree (second upper class). I caught up with him yesterday. He has been looking for a full time job in his area of specialization for nearly 6 months now and is surviving through menial part time jobs, such as delivering pizza's. He said theres a lack of jobs for university graduates in that area. Speaking from personal experience, I don't doubt that claim for one second
THX_1138 Posted July 2, 2009 Posted July 2, 2009 A story closer to home (Australia). A good friend of mine graduated from university least year with an electronics engineering degree, speacializing in micro engineering with a GPA of 5.4 (out of 7) and an honors degree (second upper class). I caught up with him yesterday. He has been looking for a full time job in his area of specialization for nearly 6 months now and is surviving through menial part time jobs, such as delivering pizza's. He said theres a lack of jobs for university graduates in that area. Speaking from personal experience, I don't doubt that claim for one second that has more to do with the economy. heck, the only job offer i have is that of a tutor with manhattan review which is a silly little test prep company. all the fancy degrees and stuff, and yet no full time offers!
EnterTheVoid Posted July 2, 2009 Posted July 2, 2009 that has more to do with the economy. heck' date=' the only job offer i have is that of a tutor with manhattan review which is a silly little test prep company. all the fancy degrees and stuff, and yet no full time offers![/quote'] That person is originally from Singapore. In his penultimate year at university, he worked with two other students from Singapore for his final year project. At the end of the year, all of them graduated with an honors degree with their field of specialization ranging from computer systems engineering to telecommunications to micro engineering. Upon graduation, he decided to find work here in Australia in his chosen field. Six months on and still looking, living off part time work. The other members who did their final year project with him went straight home to Singapore and started looking for full time employment there. Got a job in their field within a month I asked him what he planned to do if he couldn't find full time employment here in Aus. He replied "I'll go home. Theres nothing else I can do" Another of my class mates originally hails from Sri Lanka and is studying electronic engineering here full time. He was lamenting about the difficulties international students faced whilst trying to gain work experience, let alone full time employment. He's planning to study his core courses here and complete his work experience in Sri Lanka, where his dad, an employee for Pfizer International has contacts in the electronic engineering industry. I think graduates need more than a basic bachelors degree to get anywhere meaningful
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