Author Topic: ITís 10 Best pay masters  (Read 17917 times)

VelMurugan

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ITís 10 Best pay masters
« on: October 03, 2009, 11:29:14 pm »
ITís 10 Best pay masters

IT industry has been known for its sky-rocketing salaries. So much so that employee cost has traditionally been the biggest expense of IT companies in India.

However, the year 2008-09 was different. With global recession squeezing IT companies' biggest clients, it was time for layoffs and salary cuts. In fact, there were few IT companies which did not witness a salary cut last year.

The DataQuest survey on Top 20 pay masters reveal that from an average industry salary growth of 17% recorded in the previous year, the salary growth plunged to 1% in 2008-09. Also, for the first time in the history of Indian IT industry, salaries were reduced by up to 10%.

During such a time, it is little surprising that the leading IT companies shied away from DQ's annual survey. Country's leading IT giants: Infosys, TCS and Wipro didn't participate in this year's survey. So did the global IT giants including Microsoft, Intel, Sun Micro and EMC.

With the biggies out, it was the time for medium-sized companies to show their mettle. So, here's over to the Biggest IT pay masters of India as per DQ Top 20.

Source : indiatimes

VelMurugan

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Re: ITís 10 Best pay masters
« Reply #1 on: October 03, 2009, 11:29:56 pm »
SAS Institute India

Topping the list in DQ Top 20 Best pay masters is SAS India. The Indian subsidiary of the US-based company jumped seven positions to grab the coveted top spot. The company ranked seventh in last year's survey. According to the report, SAS India improved its salary structure across all experience levels.

As compared to an industry average of Rs 8-10 lakh annual package for employees with less than two years of experience, SAS gives a package of Rs 16 lakh per annum.

The company's fixed salary component is 75% for employees with more than 15 years of experience and 70% for employees with less than 2 years experience. The variable component constitutes 25% for employees with more than 15 years of experience and 30% for employees with less than 2 years of experience. It ranges between 26% to 29% for those with 2 to 15 years of experience.

The report also says that SAS offers lower fixed salaries as compared to the variable pay. The variable pay depends on company as well as individual performance.

VelMurugan

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Re: ITís 10 Best pay masters
« Reply #2 on: October 03, 2009, 11:30:15 pm »
Datacraft

At no 2 on the list is Datacraft, a leading IT services and solutions provider. The company which scored high on investing in fresh talent jumped four positions from last year. According to the report, the company hands out one of the industry's best salary packages especially to freshers.

Datacraft also earned high scores in rewarding employees with more than 15 years of experience. As for the fixed component, the company offers 79% to employees with more than 15 years of experience and 80% to those with less than 2 years of experience. The variable component ranges between 24.29% to 28.54% for employees with experience between 2 to 15 years.

VelMurugan

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Re: ITís 10 Best pay masters
« Reply #3 on: October 03, 2009, 11:30:34 pm »
Sify Technologies

Next on the DQ 20 Best pay masters list is India's integrated information communications technology company Sify Technologies. A first timer on the list, the company also figures in the DQ Top20 Best Employers list.

According to the DQ report, Sify offers higher fixed salary component as compared to the variable pay which is flexible and depends on company and individual performance.

The fiscal 2008-09 was a tough one for the company, with it recording a flat revenue growth. On the employee satisfaction scale, the company scored 62.2 in DQ's Top 20 Best Employees survey.

VelMurugan

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Re: ITís 10 Best pay masters
« Reply #4 on: October 03, 2009, 11:30:51 pm »
Novell

At no 4 on the Best pay masters list is Novell, another new entry in the survey. The company figures at the 19th spot on the DQ Top20 Employers.

According to the survey, Novell paid more attention in investing in mature talent than the fresh recruits. The company's fixed pay packet constitutes 80% for employees with more than 15 years of experience and 86% for those with experience between 10-15 years.

As for the variable pay, the company gives out 20% for those with more than 15 years of experience. The variable pay ranges between 20.33% to 14% for those with 2 to 15 years of experience.

According to the DQ report, the company not only managed to stay away from even a single lay off, but also paid a huge bonus to its employees in December 2008. The company scored 59.8 on employee satisfaction scale.

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Re: ITís 10 Best pay masters
« Reply #5 on: October 03, 2009, 11:31:07 pm »
Perot Systems

Dell's newly acquired information technology services company Perot Systemsí India subsidiary ranks at no 5 on the list of Best pay masters. The company is the third new entry on the list.

Perot Systems offers a whopping 90.35% of fixed salary component to employees with 5-10 years of experience. The variable pay for the same category constitutes 9.65%. For employees with more than 15 years of experience, fixed component is 75% while the variable part is 25%.

For those with experience between 2-5 years, fixed component is 82.73% and the variable is 17.27%.

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Re: ITís 10 Best pay masters
« Reply #6 on: October 03, 2009, 11:31:24 pm »
Nagarro

Ranked at no 6 is Nagarro, which jumped from the 19th spot from the last year. The company which provides outsourced software development services is among those who invest more in experienced talent than the freshers.

According to the report, the company's fixed salary component constitutes 88.75% for those with experience between 10-15 years. The variable part for the same is 11.25%.

For those with experience ranging between 2-10 years the fixed component ranges from 87.12% to 89.29%. The variable part is 12.88% for 2-5 years and 10.71% for 5-10 years.

Headquartered in San Jose, California, the company has offices in New York, Chicago, India, Sweden and Germany.

VelMurugan

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Re: ITís 10 Best pay masters
« Reply #7 on: October 03, 2009, 11:31:41 pm »
Tavant Technologies

IT's 7th Best pay master is Tavant Technologies, jumping three spots from last year. The company figures among those who paid more to the experienced staff than to the fresh talent.

However, the company's fixed salary component is 60% for those holding more than 15 years of experience. The variable for the same is as high as 40%.

For those holding less than two years of experience, the fixed salary is 65% while the variable portion is 35%. Employees with experience between 2 to 15 years, fixed salary ranges from 76.22% to 78.13%.

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Re: ITís 10 Best pay masters
« Reply #8 on: October 03, 2009, 11:32:00 pm »
Ingram Mico India

Fourth new entry on the Best pay masters list is Ingram Mico India at no 8. The Indian arm of the world's largest technology distributor figures at No 11 on DQ Top20 Best Employers survey.

Despite severe impact on its business during slowdown, the company managed to provide ideal launch pad to freshers with best salaries. According to the report, the company even scored high in handing out best pay packages to experienced employees.

The company's fixed salary portion for employees with more than 15 years of experience forms 71.55%. The variable part for the same category is 28.45%.

For those with less than two years of experience, the company offers 80% fixed and 20% variable pay. The company hands out 77.25% of fixed and 22.75% variable to those with 5-10 years of experience.

The company scores high on overall work environment and the defined employee goal. On the employee satisfaction scale, the company earned a score of 63.9.

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Re: ITís 10 Best pay masters
« Reply #9 on: October 03, 2009, 11:32:34 pm »
Rolta India

At no 9 is Rolta India, jumping from 14th spot from last year. The company offers engineering design and geospatial information services (GIS) to clients in the infrastructure, oil & gas, power and defence sectors.

According to the report, Rolta India offers higher fixed salary component as compared to the variable pay. The company's fixed salary portion for employees with more than 15 years experience is 87.65% and variable is mere 12.35%.

For employees with less than 2 years of experience, fixed pay packet is 95% while the variable is 5%. Employees who have 5-10 years of experience have 93.53% fixed salary component. The variable for them is 6.47%.

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