Comments on: Salary Hike for Infosys and TCS Employees http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/ reverse engineering life Fri, 11 Dec 2009 18:10:09 +0000 http://wordpress.com/ hourly 1 By: Pradeep http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-14487 Pradeep Fri, 11 Jan 2008 23:50:11 +0000 http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-14487 Hi Anish, Congratulations on getting your new job. I am assuming that you think I work in TCS or have worked in TCS sometime in the past. Unfortunately I have not worked with TCS so I wouldnt be able to tell you about life in TCS :-) I suspect the company culture would be different in different cities (for eg. TCS Bangalore might be a bit more hip compared to their Chennai or Cochin locations). The salaries tend to be on the lower side (though there are always exceptions). I think they have salary bands for designations and there is only so much that can vary among people of same designation. I am not a mechanical engineer but I have worked with electronic automation projects for large mechanical equipments and I have always found them to be far more interesting and challenging than a normal software project. Good luck. Pradeep Hi Anish,

Congratulations on getting your new job.

I am assuming that you think I work in TCS or have worked in TCS sometime in the past. Unfortunately I have not worked with TCS so I wouldnt be able to tell you about life in TCS :-)

I suspect the company culture would be different in different cities (for eg. TCS Bangalore might be a bit more hip compared to their Chennai or Cochin locations).

The salaries tend to be on the lower side (though there are always exceptions). I think they have salary bands for designations and there is only so much that can vary among people of same designation.

I am not a mechanical engineer but I have worked with electronic automation projects for large mechanical equipments and I have always found them to be far more interesting and challenging than a normal software project.

Good luck.

Pradeep

]]> By: ANISH http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-14485 ANISH Fri, 11 Jan 2008 14:07:36 +0000 http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-14485 hey...i like the way you present things.....i'll shortly be joinig TCS.could you tell me how my life would be,considering the fact that i am a mechanical engineer.what are my options of moving in to a software wing that deals with mechanical projects etc.... expecting a reply at the earliest.... hey…i like the way you present things…..i’ll shortly be joinig TCS.could you tell me how my life would be,considering the fact that i am a mechanical engineer.what are my options of moving in to a software wing that deals with mechanical projects etc….
expecting a reply at the earliest….

]]> By: Quit Infy if you want, But You Can't Join TCS, Accenture, IBM, CTS or Wipro « –==PC==– http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-2395 Quit Infy if you want, But You Can't Join TCS, Accenture, IBM, CTS or Wipro « –==PC==– Wed, 06 Jun 2007 17:48:13 +0000 http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-2395 [...] I got the link to this article from a comment by Suresh to this post. Thanks [...] [...] I got the link to this article from a comment by Suresh to this post. Thanks [...]

]]> By: SURESH http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-2394 SURESH Wed, 06 Jun 2007 17:29:10 +0000 http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-2394 http://economictimes.indiatimes.com/Quit_Infy_but_cant_join_rival_for_6_mths/articleshow/2102946.cms http://economictimes.indiatimes.com/Quit_Infy_but_cant_join_rival_for_6_mths/articleshow/2102946.cms

]]> By: trakin http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-459 trakin Fri, 04 May 2007 17:06:22 +0000 http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-459 Yes, employee attrition been a major problem for most of the IT companies. The problem gets doubled considering that it is even more difficult to get newer experienced employees. The cost of hiring an 5+ years experience individual has gone up at an average of 15% to 20%. So taking this into consideration, giving higher pay package for retention is the best policy. The real question is what will happen 3-4 years down the line. The employee wages will get to a point when it will be no longer feasable for offshoring companies to stay competitive. People in IT who are experienced meanwhile are making hay, while the sun is shining on them :) Yes, employee attrition been a major problem for most of the IT companies. The problem gets doubled considering that it is even more difficult to get newer experienced employees. The cost of hiring an 5+ years experience individual has gone up at an average of 15% to 20%. So taking this into consideration, giving higher pay package for retention is the best policy.
The real question is what will happen 3-4 years down the line. The employee wages will get to a point when it will be no longer feasable for offshoring companies to stay competitive. People in IT who are experienced meanwhile are making hay, while the sun is shining on them :)

]]> By: pradeepc http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-421 pradeepc Wed, 25 Apr 2007 19:52:30 +0000 http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-421 I don't know how much is the usual percentage of hike in Infy/TCS, but 15% might be higher than normal for them. At any rate, something is better than nothing. I don’t know how much is the usual percentage of hike in Infy/TCS, but 15% might be higher than normal for them.
At any rate, something is better than nothing.

]]> By: binil http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-416 binil Wed, 25 Apr 2007 04:40:11 +0000 http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-416 BTW, this is from <a href="http://www.indiadaily.org/entry/prices-rise-more-than-income-in-last-one-year/" rel="nofollow">last October</a>: <i> According to a study, the prices of eight essential commodities such as wheat, pulses, tea, coffee, sugar, spices and non-vegetarian products has increased at an average of 19 percent in the last one year. </i> Now tell me, did the Infosys employee who is getting 15% hike - did his standard of living increase or decrease? BTW, this is from last October:


According to a study, the prices of eight essential commodities such as wheat, pulses, tea, coffee, sugar, spices and non-vegetarian products has increased at an average of 19 percent in the last one year.

Now tell me, did the Infosys employee who is getting 15% hike – did his standard of living increase or decrease?

]]> By: binil http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-414 binil Wed, 25 Apr 2007 04:37:04 +0000 http://pradeepc.wordpress.com/2007/04/24/salary-hike-for-infosys-and-tcs-employees/#comment-414 <i>The wage increases, then, are a reflection of the fact that it is getting harder for all companies doing business in India to hire and keep the number of employees they need to meet demand.</i> Double digit salary hikes would mean a huge increase in standard of living in the West; hence the reaction to such news there is "WOW!". India has an alarmingly high inflation rate. Prices are on the high, virtually everything costs more this year than it did last year. I have found that this is kinda hard to explain in MNC companies which have offices in India. When they first set shop and hire people, the thinking is "Hey, lets attract the best talent; lets pay more than everyone else". So the first bunch of employees get a nice package. After that, across the globe they give hikes like 3% annually. Now, 3% is a decent hike in many countries - unfortunately not in India. Often, the US managers fail to understand why the 3% doesn't make any sense in India situation. In India, anything less than 5% means that the standard of living of the employee *actually takes a dip*. Secondly, as Kevin Barnes notes in his blog, <i>So, an Indian engineer with a few years experience is making enough money to live comfortably and well, but she’s not rolling in money as you might naively assume.</i> (I recommend reading his argument in full at http://codecraft.info/index.php/archives/63/) So yeah, salaries did rise double digits. But no, it does not have the WOW effect that the journalist implies. Thanks, Binil The wage increases, then, are a reflection of the fact that it is getting harder for all companies doing business in India to hire and keep the number of employees they need to meet demand.

Double digit salary hikes would mean a huge increase in standard of living in the West; hence the reaction to such news there is “WOW!”.

India has an alarmingly high inflation rate. Prices are on the high, virtually everything costs more this year than it did last year. I have found that this is kinda hard to explain in MNC companies which have offices in India. When they first set shop and hire people, the thinking is “Hey, lets attract the best talent; lets pay more than everyone else”. So the first bunch of employees get a nice package. After that, across the globe they give hikes like 3% annually. Now, 3% is a decent hike in many countries – unfortunately not in India. Often, the US managers fail to understand why the 3% doesn’t make any sense in India situation. In India, anything less than 5% means that the standard of living of the employee *actually takes a dip*.

Secondly, as Kevin Barnes notes in his blog,
So, an Indian engineer with a few years experience is making enough money to live comfortably and well, but she’s not rolling in money as you might naively assume.
(I recommend reading his argument in full at http://codecraft.info/index.php/archives/63/)

So yeah, salaries did rise double digits. But no, it does not have the WOW effect that the journalist implies.

Thanks,
Binil

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