Friday, July 21, 2006
Wage Inflation Affecting India. Salaries Increase To $5,763.
I always wondered what do the folks in India get paid. Well, I found this article that talks about how India is dealing with wage inflation.
"During Infosys' earnings call the previous week, Infosys CEO Nandan Nilekani addressed the twin topics of wage inflation and employee attrition, saying that the company will increase starting salaries from $5,122 to $5,763, a 12.5 percent increase, on average."
Check it out in its entirety.
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3 comments:
I don't remember if it was the WSJ or NYTimes, but there was an article this week on how some Indian tech companies are paying six figures for top engineers, some more than expats, to retain top talent. I have Indian developers who tell me that the turnover ratio at companies are so big that it's hard to keep track of staff.
kyle, wow...that's a huge difference in pay.
The article did leave me with some questions, 1) what currency? I'm assuming USD...2) Annual salary? Could be monthly...but if it's monthly, then I can't see how Indian salaries would be much of cheaper than US...
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