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Thursday, June 7, 2007

IT industry moving towards standard pay packages

I was looking for a change these days. I applied in many companies and got offers from few of them.

In this process, I found that, IT industry is now moving towards a standard pay packages; depending on your experience and your education, Company decides on a range from x to y. Anyone who is excellent will get package y and average will get package x. Earlier people had observed at least 35 to 40% of rise in their pay packages when they change the company, irrespective of what they were drawing, which is changing now.

In my view this will make the industry stable and attrition which is headache for any IT firm will be under control. Some people might complaint to it to claim their excellence but overall it will benefit industry in coming times.

1 Comments:

At June 7, 2007 at 1:03 AM , Blogger vatsa said...

This may be true for mid level indian firms. But if u consider the example of small firms then it might not be true. In case of MNCs it is not true. They have the financial power which they use extensively.

 

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