Dear Colleagues, With too much of hype being created on the compensation benchmarking, salary survey & salary structure development making the rounds, this article "India's rising employee cost" comes as a creative input for the fraternity to keep themselves upgraded. Salaries across Corporate India are on an upswing. It’s a reason to celebrate. But before you raise a toast, reflect on the fact that the globalisation of salaries and the repricing of the educated Indian middle class also means that India’s much talked about cost arbitrage in white-collared jobs and the services sector could be vanishing.
Sample some projections of salary trends . Mercer Human Resource Consulting and Hewitt Associates have predicted that India will experience one of the sharpest salary hikes in the world next year. An Assocham survey of universities says that starting salaries for new recruits have risen four-fold between ’00 and ’04.
A survey of technical professionals working with a global IT company shows that the annual salary gap between equivalent employees working in India and Singapore has narrowed down to around $10,000. Read the remaining article at http://economictimes.indiatimes.com/articleshow/1286374.cms Regards
Rehaan |
