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Paying Peanuts
Walk-in Interview for the Post of Medical Officer
GEMS OF ANCIENT WISDOM Qualification and Experience: candidate should be MBBS/BAMS
preferable MD & having minimum 5 years.
No use having Indian IT SALARY WILL AS PER RAYAT BAHRA GROUP RULES
Date and time: 29.09.2012 11:00 a.m sharp.
Place: Rayat Bahra Group of institutes , Education city , vill. Bohan Distt.
Hoshiarpur, PHONE: 01882- 275500, FAX-01882-275503.
paymasters
in world
Indian companies are emphasis remains on cash
among the world’s 10 low- compensation in the low-
est paying employers in er-paying countries.
the IT space, with their “Experienced IT man-
mid-to-senior level staff agers are highly sought-
getting an average salary after in India and there is
of $ 38,767 (about Rs 21.5 strong competition to
In the tense environment at workplaces, it is vital to keep lakh) per annum — less attract and retain skilled
one’s sense of humour. than one-fourth of the IT employees. MNCs rely heav-
Having brought the sick Dharamsee Mill in the pay package at globally ily on Indian IT managers,
Kurla area of Mumbai, Jamsetji Tata renamed it the top-paying Swiss firms. so they need to ensure their
Swadeshi Mill. Despite immense hard work, the mill Salaries in the IT sector pay is competitive.
didn’t do well. So, Jamsetji started referring to it as of Switzerland are the “Although pay in Asia
his ‘rotten mill’. When Jamsetji, on a visit to Nagpur, highest in the world at an and Eastern Europe tends
became unwell, a doctor was called. On asking Jam- average of $ 168,211 (about to be much lower, it would
setji how he felt, he answered, “I keep hearing sounds Rs 93 lakh) per annum, as be difficult for firms to
— of my rotten mill machinery.” per a study titled ‘World outsource the IT manager
When Tata Steel was launched, it was suggested to wide IT Salary 2012’. role to these regions.
Sir Fredrick, Chairman of Indian Railways, that Tatas The study, conducted by Instead, we may see a
could produce steel for railway lines. Fredrick jok- global recruitment service migration of IT skills from
ingly said, “If Tatas produce steel to our standards, provider lower paying nations to
I’ll eat every pound of it.” When Tata Steel found MyHiringClub.com, has places in Western Europe
acceptance by the Railways, Dorab Tata remarked, “If ranked India at eighth and North America,”
Sir Fredrick were to keep his word, he sure would spot among 10 worst IT MyHiringClub.com CEO
have some slight indigestion.” paymasters globally. Rajesh Kumar said.
When the leg of Krishna’s idol at Dakshineshwar On the other hand, Interestingly, IT man-
broke, Rani Rasmani, who owned the temple Switzerland stands at the agers in India fare better
approached Ramakrishna Paramhans. “Should we cast top spot among the top- than their counterparts in
the idol into the Ganga as suggested by the priests?” she paying nations in the IT neighbouring China,
said. Ramakrishna said, “If one of your sons-in-law were sector. The study, which where the average annual
to break a leg, would you throw him away? Bring the idol was conducted in August compensation package
to me and I’ll repair it.” this year, took into account were lower at $ 38,624.
After the failed uprising of February 21, 1915 by Indi- the average salaries for In addition, IT employ-
an revolutionaries, Rash Behari Bose fled from Lahore people with four and more ees in India, scored better
to Varanasi, disguised first as a scavenger and then as a years of experience for the than their peers in Bulgar-
Pathan. Then he went to Chandernagore, his native Indian and other compa- ia, Vietnam, Indonesia, the
place, and spent a month there as a priest. nies. The report compared Philippines, Thailand and
One day, Bose saw a policeman coming towards him. the total annual cash com- Malaysia, where the aver-
Even before Bose could decide what to do, the cop fell at pensation and total remu- age annual salaries were
his feet, sought his blessings and went away. neration information for even lower at $ 23,745, $
Similarly, the freedom fighters knew that it was IT staff in more than 6,000 29,831, $ 33,768, $ 33,965, $
time to disperse after the Kakori Conspiracy on companies across 40 dif- 34,107 and $ 36,790,
August 9, 1925. Chandra Shekhar Azad ran away to ferent countries and found respectively.
Dhimarpur, a small village near Jhansi, and became that employers in western Among the best IT
the priest of a Hanuman temple. When a policeman Europe were the best salaries paying countries
asked him if he was Azad, he said that all devotees of paymasters. Belgium bagged the sec-
Hanuman are azad (free). When the cop asked Azad to It also found that com- ond position with an aver-
appear before the police chief, he threatened to curse pensation in developed age salary of $ 144,980, fol-
him. The terrorised cop ran away. countries focus more on lowed by Denmark ($
Laugh…and the whole world will laugh with you. variable factors, such as 136,542), the US ($ 128,632)
— Sai R. Vaidyanathan bonus schemes, to attract and the UK ($ 127,890).
The writer can be contacted at svaidyanathan@tribunemail.com staff. At the same time, the — Agencies