Showing posts with label Salaries. Show all posts
Showing posts with label Salaries. Show all posts

Tuesday, June 25, 2013

, ,

Narayana Murthy effect: Infosys plans high salary for top performers

Infosys is drawing up plans to tilt the scales in favour of top performers, part of efforts to revitalise the workforce after NR Narayana Murthy returned as its chairman on June 1.

According to company executives briefed about Murthy's thinking, the emphasis on employee performance as a vital differentiator is linked to a broader effort to revive a culture of meritocracy in the company that has underperformed the industry for two years. "The differential between high-performers and non-performers will increase. Variable pay will be one mechanism through which this will be achieved," said a person aware of Murthy's plans.

Murthy, 66, returned as executive chairman of Infosys following a request from the company's board, which was under pressure from investors and analysts fretting about the company's troubles. Infosys grew at half the pace of the broader industry in 2012-13 and has admitted that it will lag rivals this year too.

At present, employees with the top ratings receive 50-90% of their variable salary while the lowest-rated ones get only up to 30%. Typically, 10-25% of an executive's compensation can be variable, depending on seniority.

Besides individual performance, the relative performance of the business unit also becomes a key deciding factor.

Friday, June 21, 2013

, ,

15 best-paying companies for software engineers

Wonder which are the best paying companies for software engineers? Online jobs and career community Glassdoor’s recent survey claims to reveal just that. The figures collated by Business Insider ranks companies on the basis of the average base salary of their software engineers. Here are the top 15 companies from the list.
  1. Juniper Networks: Juniper Networks makes networking equipment, security products and network operating system. The company offers average base salary of $128,378 to its software engineers, says the survey, the highest in the industry.
  2. Google: Google is a tech titan that is known throughout the world for products like Search, Android, Gmail, Nexus smartphones and tablets, Picasa and online advertising platforms. Software engineers working at the company are paid average base salary of $124,520, according to the Glassdoor survey.
  3. Twitter: Twitter is the microblogging website where users can type messages with only 140 characters; the company claims to have over 500 million registered users. Software engineers earn average base salary of $120,768 at the company, says the survey.
  4. Facebook: Facebook is the biggest social network in the world and has over a billion registered users. As per the Glassdoor survey, the company pays $118,857 as average base salary to software engineers.
  5. Apple: Founded by Steve Jobs and Steve Wozniak, Apple is a US technology company that makes gadgets like iPhone, iPad, iPod, Mac series of computers etc. Software engineers earn average base salary of $118,192 at the company, the survey shows.
  6. LinkedIn: LinkedIn is the most popular professional networking website in the world, with over 200 million active users across the world. As per respondents in the Glassdoor survey, average base salary of software engineers at the company is $116,375.
  7. Brocade Communications: Brocade Communications is a US technology company that offers data and storage networking products, such as LAN and Wi-Fi switches, routers, network security appliances etc. The company pays average base salary of $111,858 to its software engineers, the survey reveals.
  8. eBay: eBay is one of the biggest online marketplaces where retailers as well as individuals can sell their goods to consumers; it also operates an online auction platform on its website. According to the Glassdoor survey, average base salary of software engineers at eBay is $108,461.
  9. Bloomberg LP: Bloomberg LP, which is well known for its media publications, takes care of data acquisition, distribution and management of enterprises. Software engineers working in the technology arm of the company earn $108,430 as average base salary.
  10. Zynga: Zynga is a social game making company that is best known for hits like Farmville and CityVille that took Facebook by storm. The software engineers employed at the company take home average base salary of $107,242.
  11. PayPal: A unit of online retailer eBay, PayPal is the world’s biggest online payment company. The Glassdoor survey reveals that software engineers at the company are paid average base salary of $106,920.
  12. VMWare: Palo Alto, California- based VMWare makes cloud and virtualisation software and services. According to respondents in the Glassdoor survey, the company’s software engineers get average base salary of $106,568.
  13. Oracle: Oracle, the third biggest software maker in the world, makes database management systems, computer hardware system as well as ERP, CRM and SCM software. The average base salary of software engineers at Oracle is $105,660, as per the survey.
  14. Nvidia: Nvidia is a Santa Clara, California-based company that manufacturers system-on-chips and graphic processing units for mobile devices. The Glassdoor survey says it pays an average base salary of $104,717 to its software engineers.
  15. Microsoft: Microsoft is the biggest software company in the world, best known for its Windows operating system for computers. Other Microsoft products include Surface tablets, Xbox gaming console and Windows Phone mobile operating system. The company offers its engineers average base salary of $103,563, according to the survey.

Source: GlassDoor

Thursday, June 20, 2013


Mid-tier IT companies Tech Mahindra, MindTree may raise salaries by 7-12%

Mid-tier IT firms such as Tech Mahindra and MindTree may raise salaries by 7-12% this fiscal to ensure they do not lose talent to top players TCS, Infosys and Wipro, according to HR service providers.

The larger players have announced wage hikes ranging between 6% and 10% for this fiscal.

"Current environment is challenging and companies are looking at preserving their bottomline. Despite that, keeping employees' interest in mind, organizations have given hikes ranging from 8-12%, which is a good development."

"In general, we can expect 7-12% hikes for employees working with mid-tier IT companies," Randstad India president (staffing) and director (marketing) Aditya Narayan Mishra told. He added that as the demand for IT services increases in the coming quarters, one can expect above-average hikes.

Last week, Infosys said its employees in India will get on an average 8% increase, while Wipro said it has raised salaries by 6-8%. Onsite employees have seen salaries going up by 2-3%. India's largest software services exporter Tata Consultancy Services (TCS) has increased wages by 8-10% in India and 2-4% for overseas workforce. HCL Technologies has started its appraisal process and is expected to make an announcement by July-end. Most Indian IT firms give increments around April or May.

"IT sector has been fairly conservative in terms of pay hike. We recently did a survey, where we asked some of our customers on increments this year and almost 46-47% of the respondents said they are looking at wage hikes between 6-15%," CEO Uday Sodhi said.

IT firms are also looking at the global economic scenario, which still has not been very promising and it plays an important role in determining the hike percentage, he added.
Source: TimesofIndia

Monday, June 17, 2013

, , ,

Rupee fall to cushion wage hike impact

Infosys announced an average increase of 8% for employees in India, while those in other geographies will get an average 3% hike.

Two of the largest Indian information technology (IT) services companies, Infosys and Wipro, have announced annual wage increases this year, the quantum of which are more in line with the industry average. While Infosys said it would give an average rise of eight per cent to its employees in India, Wipro has announced an increment of six-eight per cent.

Infosys usually gives rises to its employees with effect from April every year. In FY13, the company deferred the decision citing tough global economic environment. However, it later revisited the decision and announced a wage hike in October. This year (FY14), though the company management had indicated to restructure the employee compensation with an aim of increasing the fixed component in the salary, it was non-committal on giving a rise.

Apart from India, employees located in other geographies, who were not given wage hike in February this year, will be covered in this cycle, Infosys said in a statement today. They would be given an increase of about three per cent in average. The increments will be effective July 1. However, for its global sales force, the changes will come into effect from May 1.
Source: Business-Standard