Dear Friends, Does any one have the latest salary survey report 2007. If so, kindly share with us. Regards, Sanhil
From India, Madras
2From India, Madras
Dear Sanhil,
Find below
Dataquest 2007 Salary Survey
Covers 2806 professionals in 31 software companies.
Indian software salaries rise 19%
3 Software R&D firms--Cadence, Sun Micro, Honeywell Tech, pay the highest
7 MNCs among Top 10 paymasters
Salary hikes don’t always lead to higher salary satisfaction
New Delhi September 11, 2007
A typical Indian software professional got an average salary increase of 18.7% in 2007, an improvement over 18.3% increase recorded in the previous year.
This is revealed by a nation-wide survey carried out by IDC India for CyberMedia group’s flagship publication Dataquest, covering 2,806 IT professionals.
The results, to be published in the forthcoming issue of Dataquest magazine, reveal that foreign multi national corporations (MNCs) pay higher salaries. And among MNCs, those engaged in R&D pay the highest. Not surprisingly, the Top 3 paymasters in the industry--Cadence, Sun Microsystems, Honeywell Technologies--were all engaged in R&D. Seven out of the Top 10 in the list included MNCs like IBM, Capgemini and CSC.
The industry average salary grew by 11% in 2007 to touch Rs. 6.2 lakh per annum. This growth is encouraging compared to a drop of 3% in the industry average salary in 2006. This average salary increase is considered significant considering that the software talent pool of the top 50 companies has grown sharply-- at nearly 30-40% annually, in the last three years. It is generally expected that with the on-campus recruitment of thousands of freshers, the average salaries should go down.
Though Dataquest’s base of 31 companies surveyed comprised IT services players, R&D centres of software vendors, MNCs, hardware players and even systems integrators and resellers, no big disparities in salary levels were noticed.
While Cadence and Sun are the top paymasters for all employees with up to 10 years of experience, industry bellwether Infosys is more generous with the salaries of its senior and experienced employees. Infosys is one of the best paymasters for professionals between 10-15 years and more than 15 years of experience.
Going by the salary levels, the study says that for fresh engineers it makes sense to embark on a career in a Software R&D firms. For the more experienced professionals, it adds that, the salary levels at Infosys match with the best.
The survey points out that there is virtually no correlation between ‘salary levels’ and ‘satisfaction with salary’. While TCS employees rank their company at No. 4 in terms of ‘satisfaction with salary’ it is ranked at No. 13 in terms of salary. Infosys is ranked at No 12 in terms of salary but is ranked No. 28 in terms of ‘satisfaction with salary’.
Commenting on the survey results, Dataquest Chief Editor Prasanto Kumar Roy says, “We knew that high salary didn’t always mean high satisfaction, but the sheer extent of disconnect is amazing. There was less than 8% correlation between salary and satisfaction with salary!”
Mr. Roy adds, “What it means is that companies who have their act together on employee satisfaction can manage a lower wage bill—and still have satisfied employees. For instance, HCL Infosystems was way down at #23 in salary rank, but it topped the charts on employee satisfaction with salary!”
The report points out that the Indian tech companies must find a way out of this ever increasing wage rise as rupee appreciation squeezes their margins even further. The not-so-simple answer is, of course, to improve employee satisfaction. But some companies are also trying out a six-day week, selectively, to offset the impact of rupee appreciation on their margins by increasing billable hours.
Many more companies, including some of the MNC captives, may also do away with a five-day week that is a strong part of their culture, to bring in competitiveness on the HR front.
Young Workforce
Professionals with less than 5 years work experience today form 70% of the 1.6 million strong Indian software work force. Just 1 out of 5 professionals has between 5 to 10 years of experience and less than 1 in 10 professionals has over 10 years of experience.
Forty per cent of the professionals polled for this survey had obtained their qualifying degree from the South Indian states of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala and Pondicherry. Those with qualifications from western Indian states of Maharashtra, Gujarat and Goa made up about 20% cent of the professionals. Educational institutes from India’s capital, New Delhi contribute 6.5% of the professionals.
Engineering graduates, post graduates and masters in computer applications constitute about 70%, and MBAs make up for about 6%. Post graduates and graduates in humanities, commerce and sciences and those with diploma and certificate programs in computers make for the remaining 24%.
Even though the average age of the professionals has increased marginally to 28.1 years (from 27.5 years), lack of experience poses challenges at the middle management level, the Dataquest-IDC study adds.
The average age has been derived based on data from over a dozen companies that participated in the magazine’s Best Employer Survey for three consecutive years. These include TCS, Infosys, Wipro, Tech Mahindra, Patni, CSC, Aricent, Hexaware, Zensar, HCL Infosystems, GlobalLogic, RMSI and Cadence.
Notes to Editors
Industry average salary is the sum of the salaries of surveyed employees divided by the number of employees, calculated for all age and experience brackets--and includes freshers as well as seniors (the Salary Survey excludes top management).
Average salary growth is simply the growth in this industry average salary for the recent year, compared to the previous year.
Average salary hike is the average of the salary hikes in the work force. This applies to only that part of the work force which received hikes within the same company in their remuneration in 2007. This excludes freshers and most people with less than one year of work experience and any lateral hires.
Methodology
The Salary Survey 2007 is based on the DQ-IDC Best Employer Survey (BES) 2007, a field survey of 2,806 employees across 31 selected companies in seven major cities: Mumbai, Delhi, Chennai, Kolkata, Hyderabad, Pune, and Bangalore.
Initially, questionnaires were sent to 300 IT companies, out of which 58 companies participated in the first phase, primarily an HR questionnaire. Out of these, 33 companies were shortlisted, based on a number of HR and related performance parameters, for the second phase (the field survey). However, in the actual field survey, 31 companies participated, and IDC conducted a field survey of 2,844 employees selected from the 31 companies. Finally, 2,806 fully valid responses were used for most of the analysis.
The BES survey sampling was done on the basis of the distribution of employees in different cities. In each of the seven cities, the sample quota was assigned based on the company’s employee strength in that city. A further classification of target respondents was done on the basis of job profile and years of IT experience. This quota system allowed us to get a proper representation of different types of employees in the sample. The salary data and profiles of the IT industry have been derived from these employee interviews.
The G-31 vs the G-13: Most of the data shown here is based on the entire base of 2,806 respondents from 31 companies. However, for better accuracy in the year on year comparisons, we have used a “highest common factor” group of 13 companies that have participated in the BES for three consecutive years, representing 1,090 respondents in 2007. This is clearly indicated in the ‘base’ subtext to the graphs, where applicable.
About CyberMedia
CyberMedia is South Asia's first and largest specialty media house, with thirteen publications (including Dataquest, DQ Channels and DQ Week, PCQuest, Voice&Data and Global Services) in the infotech, telecom, consumer electronics and biotech areas, and is a media value chain including Internet (), events and television. The group’s media services include market research (IDC India), job board (CyberMedia Dice), content management, multimedia, and media education.
For more information, please contact:
At Strategic Communications and PR
Sanjiv Kataria
+ 91 98100 48095
From India, New Delhi
Find below
Dataquest 2007 Salary Survey
Covers 2806 professionals in 31 software companies.
Indian software salaries rise 19%
3 Software R&D firms--Cadence, Sun Micro, Honeywell Tech, pay the highest
7 MNCs among Top 10 paymasters
Salary hikes don’t always lead to higher salary satisfaction
New Delhi September 11, 2007
A typical Indian software professional got an average salary increase of 18.7% in 2007, an improvement over 18.3% increase recorded in the previous year.
This is revealed by a nation-wide survey carried out by IDC India for CyberMedia group’s flagship publication Dataquest, covering 2,806 IT professionals.
The results, to be published in the forthcoming issue of Dataquest magazine, reveal that foreign multi national corporations (MNCs) pay higher salaries. And among MNCs, those engaged in R&D pay the highest. Not surprisingly, the Top 3 paymasters in the industry--Cadence, Sun Microsystems, Honeywell Technologies--were all engaged in R&D. Seven out of the Top 10 in the list included MNCs like IBM, Capgemini and CSC.
The industry average salary grew by 11% in 2007 to touch Rs. 6.2 lakh per annum. This growth is encouraging compared to a drop of 3% in the industry average salary in 2006. This average salary increase is considered significant considering that the software talent pool of the top 50 companies has grown sharply-- at nearly 30-40% annually, in the last three years. It is generally expected that with the on-campus recruitment of thousands of freshers, the average salaries should go down.
Though Dataquest’s base of 31 companies surveyed comprised IT services players, R&D centres of software vendors, MNCs, hardware players and even systems integrators and resellers, no big disparities in salary levels were noticed.
While Cadence and Sun are the top paymasters for all employees with up to 10 years of experience, industry bellwether Infosys is more generous with the salaries of its senior and experienced employees. Infosys is one of the best paymasters for professionals between 10-15 years and more than 15 years of experience.
Going by the salary levels, the study says that for fresh engineers it makes sense to embark on a career in a Software R&D firms. For the more experienced professionals, it adds that, the salary levels at Infosys match with the best.
The survey points out that there is virtually no correlation between ‘salary levels’ and ‘satisfaction with salary’. While TCS employees rank their company at No. 4 in terms of ‘satisfaction with salary’ it is ranked at No. 13 in terms of salary. Infosys is ranked at No 12 in terms of salary but is ranked No. 28 in terms of ‘satisfaction with salary’.
Commenting on the survey results, Dataquest Chief Editor Prasanto Kumar Roy says, “We knew that high salary didn’t always mean high satisfaction, but the sheer extent of disconnect is amazing. There was less than 8% correlation between salary and satisfaction with salary!”
Mr. Roy adds, “What it means is that companies who have their act together on employee satisfaction can manage a lower wage bill—and still have satisfied employees. For instance, HCL Infosystems was way down at #23 in salary rank, but it topped the charts on employee satisfaction with salary!”
The report points out that the Indian tech companies must find a way out of this ever increasing wage rise as rupee appreciation squeezes their margins even further. The not-so-simple answer is, of course, to improve employee satisfaction. But some companies are also trying out a six-day week, selectively, to offset the impact of rupee appreciation on their margins by increasing billable hours.
Many more companies, including some of the MNC captives, may also do away with a five-day week that is a strong part of their culture, to bring in competitiveness on the HR front.
Young Workforce
Professionals with less than 5 years work experience today form 70% of the 1.6 million strong Indian software work force. Just 1 out of 5 professionals has between 5 to 10 years of experience and less than 1 in 10 professionals has over 10 years of experience.
Forty per cent of the professionals polled for this survey had obtained their qualifying degree from the South Indian states of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala and Pondicherry. Those with qualifications from western Indian states of Maharashtra, Gujarat and Goa made up about 20% cent of the professionals. Educational institutes from India’s capital, New Delhi contribute 6.5% of the professionals.
Engineering graduates, post graduates and masters in computer applications constitute about 70%, and MBAs make up for about 6%. Post graduates and graduates in humanities, commerce and sciences and those with diploma and certificate programs in computers make for the remaining 24%.
Even though the average age of the professionals has increased marginally to 28.1 years (from 27.5 years), lack of experience poses challenges at the middle management level, the Dataquest-IDC study adds.
The average age has been derived based on data from over a dozen companies that participated in the magazine’s Best Employer Survey for three consecutive years. These include TCS, Infosys, Wipro, Tech Mahindra, Patni, CSC, Aricent, Hexaware, Zensar, HCL Infosystems, GlobalLogic, RMSI and Cadence.
Notes to Editors
Industry average salary is the sum of the salaries of surveyed employees divided by the number of employees, calculated for all age and experience brackets--and includes freshers as well as seniors (the Salary Survey excludes top management).
Average salary growth is simply the growth in this industry average salary for the recent year, compared to the previous year.
Average salary hike is the average of the salary hikes in the work force. This applies to only that part of the work force which received hikes within the same company in their remuneration in 2007. This excludes freshers and most people with less than one year of work experience and any lateral hires.
Methodology
The Salary Survey 2007 is based on the DQ-IDC Best Employer Survey (BES) 2007, a field survey of 2,806 employees across 31 selected companies in seven major cities: Mumbai, Delhi, Chennai, Kolkata, Hyderabad, Pune, and Bangalore.
Initially, questionnaires were sent to 300 IT companies, out of which 58 companies participated in the first phase, primarily an HR questionnaire. Out of these, 33 companies were shortlisted, based on a number of HR and related performance parameters, for the second phase (the field survey). However, in the actual field survey, 31 companies participated, and IDC conducted a field survey of 2,844 employees selected from the 31 companies. Finally, 2,806 fully valid responses were used for most of the analysis.
The BES survey sampling was done on the basis of the distribution of employees in different cities. In each of the seven cities, the sample quota was assigned based on the company’s employee strength in that city. A further classification of target respondents was done on the basis of job profile and years of IT experience. This quota system allowed us to get a proper representation of different types of employees in the sample. The salary data and profiles of the IT industry have been derived from these employee interviews.
The G-31 vs the G-13: Most of the data shown here is based on the entire base of 2,806 respondents from 31 companies. However, for better accuracy in the year on year comparisons, we have used a “highest common factor” group of 13 companies that have participated in the BES for three consecutive years, representing 1,090 respondents in 2007. This is clearly indicated in the ‘base’ subtext to the graphs, where applicable.
About CyberMedia
CyberMedia is South Asia's first and largest specialty media house, with thirteen publications (including Dataquest, DQ Channels and DQ Week, PCQuest, Voice&Data and Global Services) in the infotech, telecom, consumer electronics and biotech areas, and is a media value chain including Internet (), events and television. The group’s media services include market research (IDC India), job board (CyberMedia Dice), content management, multimedia, and media education.
For more information, please contact:
At Strategic Communications and PR
Sanjiv Kataria
+ 91 98100 48095
From India, New Delhi
DEAR SANHIL,
YOU CAN ALSO REFER BELOW LINKS
http://hays.com.au <link updated to site home>
http://www.e-janco.com/Salary.htm
REGARDS,
NITASHA KAPOOR, DELHI
From India, New Delhi
YOU CAN ALSO REFER BELOW LINKS
http://hays.com.au <link updated to site home>
http://www.e-janco.com/Salary.htm
REGARDS,
NITASHA KAPOOR, DELHI
From India, New Delhi
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