Millennium Post

Indian IT companies among 10 worst paymasters in world

Indian companies are among the world’s 10 lowest paying employers in the IT space, with their mid-to-senior level staff getting an average salary of USD 38,767 [about Rs 21.5 lakh] per annum – less than one-fourth of the IT pay package at globally top-paying Swiss firms.

Salaries in the IT sector of Switzerland are the highest in the world at an average of USD 168,211 [about Rs 93 lakh] per annum, as per a study titled ‘World wide IT Salary 2012’.

The study, conducted by global recruitment service provider, has ranked India at eighth spot among 10 worst IT paymasters globally.

On the other hand, Switzerland stands at the top spot among the top-paying nations in the IT sector. The study, which was conducted in August this year, took into account the average salaries for people with four and more years of experience for the Indian and other companies.

The report compared the total annual cash compensation and total remuneration information for IT staff in more than 6,000 companies across 40 different countries.

It also found that compensation in developed countries focus more on variable factors, such as bonus schemes. But, the emphasis remains on cash in the lower-paying countries.
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