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Contemporary Salaries

 
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such absurd comparision does not make sense.

If someone with 2 yrs exp is getting 6L, it's purely because there are less no of people with that kind of skill set.
If you have 6 yrs exp and not getting xxx lakhs, then it could be because there are a lot of people with your kind of skill set.

so, take a chill pill manish
else look for a change in career, where there are less supply and more demand.
 
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Originally posted by Auro Samal:
such absurd comparision does not make sense.

If someone with 2 yrs exp is getting 6L, it's purely because there are less no of people with that kind of skill set.
If you have 6 yrs exp and not getting xxx lakhs, then it could be because there are a lot of people with your kind of skill set.

so, take a chill pill manish
else look for a change in career, where there are less supply and more demand.



Take it easy......I don't need chill pill, for I am not exasperated.
The offer in another looked exceptionally good (as most people expressed disbelief), so just trying to get more realistic picture of contemporary salaries -- and hence the thread. I am not asking for ANY advise (Did I ask what should I do to get more money? Do you know what am I drawing? Why you made that implicit asumption?), I know what to do with my life! Do you read before you hit reply???

BTW, when salaries change at one level, they do have cascading effect -- so says the article I posted. Obviously when it comes from experts, things start sounding non-absurd, I have been just voicing the same opinion. It's common sense that most HR and managers would know...I have handled & observed teams and I know how level of dissatisfaction grows.

To relate job-profile/salary to a particular skill-set is one of the most common mistakes from a junior programmer. Unless of course, it's totally different job profile that requires highly specialized training/knowledge/expertise -- we're not talking about rocket-science and stuff done in Mathematica (I have done some Mathematica as well) we're mostly talking Java/J2EE at various levels here. When you have enough experience, you know that you basically solve problems, and build solutions. Skillset, language are tools and you can learn them!!

Not another troll pleaaaaaaaaaaaase!!

- Manish
 
Auro Samal
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sorry, if i was not judicious with my words.
but I believe, it's simply a case of demand and and supply.

I know we are not talking rocket science ...
sometimes even the job of a carpenter could be more paying

so, just take it easy ....
 
Manish Hatwalne
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Fine, no hassles now!
I think Sameer just posed my concerns as his questions. I also have similar questions -- but no answers.

- Manish
 
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Long time, did not got chance to post on this wonderful forum! sorry to reopen very old thread, but had few replies done by me on this. I did few stupid replies without understanding the posts, sorry to create confusion!
Going back to the point Manish has raised, the salary growth I had expected is around 8%yr (remember 2yr 6L, 6yr 8L). I agree that I slightly underestimated the growth, I would consider 10% seems reasonable. In these last four years, my salary has grown at 10% per yr and I am happy with my current salary. Now, I am seeing many candidates around me who have jumped companies with big salary hikes, recently had salary corrections. Note that 100% increase is equals 50% reduction. How you expect 400% hike in 4 years? Something is wrong in the process, either the entry level salaries needs to go up or experience level salaries needs to go down.
I would revise my understanding as below(which is still not happening):
0Yrs - 4L
2Yrs - 5L
6Yrs - 8L

If you look at various developed counties and various old industries like automobiles, finance etc have salary structure resembling to what I have stated above. I think the career is spanned over decades, one time wonders of salary increments will be limited to very few in future and sooner or later the gap will be reduced. If you are working on same kind of work on same technology stack, should not have 400% hike in 4 years. Exceptions will be there for few bright people, but no need to expect exponential growth for others trying to relate no of years and salary (I think am one of them!)
Looking forward to read your thoughts on this.

-Vinit

 
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Simple formula for Minimum salary in IT industry,

Total Annual Salary = No of years Exp + 2 Lakh

for Freshers its 2 Lakh

for 2 Years exp Professional its 4 Lakh

and for 4 Year its 6 Lakh

this is I am saying about MINIMUM salary, maximum depends on requirement, position, skills and candidate etc.
(This is all about avg cases I have seen so far in India Pune)
 
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Prafulla N. Patil wrote:
for Freshers its 2 Lakh

for 2 Years exp Professional its 4 Lakh

and for 4 Year its 6 Lakh

this is I am saying about MINIMUM salary, maximum depends on requirement, position, skills and candidate etc.
(This is all about avg cases I have seen so far in India Pune)




Is this really what is expected these days? Doubling of the salary with two years experience?

When I was a fresher, I would have been happy with 10 percent, and was ecstatic when I got more. These days, I would like cost of living, but don't expect to get anything.

Henry
 
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Is this really what is expected these days? Doubling of the salary with two years experience?



The way salaries are paid out in India differs greatly from the way it is done else where. From what I understand, in the US, a 10% rise or above is seen as great. This is probably because a 2x increase in salary would greatly reduce stress in cost of living. For example a person getting a salary of 40k dollars cannot expect a 80k salary when they jump ship and a 160k salary the next time. A very good architect earns something like 140k - 200k dollars and above.

In India however a fresher might start with 2 LPA ( Lakh per annum, where One lakh = 100,000 Rupees). Adding 2L twice for 2 job skips over 4 years does not necessarily put him in a better position. This is still the industry average salary ( some might say it is above average) and caters to this person's need. The doubling in salary cannot really be compared because of regional differences in cost of living / price etc.

I would love to rant about how India has a culture where you are forced to jump to a new company if you need to be recognized / increase your salary. Most companies do not even try to retain you. Very few go to lengths in trying to satisfy your needs. However this should probably be retained for a separate thread of its own. I ll start one when I can.

These days, I would like cost of living, but don't expect to get anything.



I did not quite understand that statement. Are you saying you would like your salary to atleast cover your cost of living and expect no raise ? Given that you have several years of experience under your belt and have authored a few books, surely your current situation must allow you to save something ? Do correct me if I was wrong in interpreting that statement
 
Henry Wong
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Deepak Bala wrote:
I did not quite understand that statement. Are you saying you would like your salary to atleast cover your cost of living and expect no raise ? Given that you have several years of experience under your belt and have authored a few books, surely your current situation must allow you to save something ? Do correct me if I was wrong in interpreting that statement



"cost of living" just means a raise that is equivalent to inflation, so that you come out no worse than the previous year -- it doesn't mean that I am living paycheck to paycheck.

I am perfectly okay...

Henry
 
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I am perfectly okay...



I am glad to hear that. I once spoke to an author that had a full time job and he wrote a wonderful API used by many around the world. It was so hard to believe that he had to work very hard to make ends meet. Thus the question. Have a nice weekend
 
Henry Wong
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BTW, I didn't invent the term "cost of living"... I did however, used a term that seems to be more prevalent in the united states.

http://en.wikipedia.org/wiki/Cost_of_living

Sorry for the confusion,
Henry
 
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