Related Posts
What’s your current billable rate and salary?
More Posts
Informatica openings any?
9+ experience
Bowl Leader
Bowl Leader
Additional Posts in Consulting India
Infosys Consulting Hii Everyone, I am actively searching for job in analytics. I have 7.2 years of experience in Analytics. I do have experience into data science as well. Any active position leads please ?? @infosys Accenture India WNS Global Services WiproTata Consultancy Infosys Consulting Infosys
Chief
Hi friends,
Can someone please help me on choosing?
Tata Elxsi - 12.5 LPA Fixed..(Location - Trivandrum)
Vitesco Technologies - 14 LPA(13.6 Fixed and the rest variable)..Joining bonus may be possible..(Location - Bangalore)
I am primarily looking for learning and next with cost of living....
YOE: 5 years in Automotive testing
I had HR discussion with cognizant on 11th June.As per HR I should have got offer letter in a week's time post approval.Till now I have no update from HR.sent many chasers as well called HR numerous times but no response.Any idea how long cogni HR takes to release offer letter.
Designation offered Manager
New to Fishbowl?
unlock all discussions on Fishbowl.
no. this is just the start. what i see is a major job loss in western countries and the gap in salary reducing furthermore. So, If anyone has plans to go onsite, think twice.
Reasons as follows:
1. WFH has promoted those companies to hire in india. They see no use of someone coming to US/UK and working remotely. And they have now understood that remote working gives almost same output. Arbitrage has significantly reduced now and companies dont mind giving 70-80% of the US salary to someone in india. They will definitely cut down jobs in US and hire more in india.
2. Indian companies are competing like never before. And paying more handsome salary than the MNCs. They might go to other countries like Bangladesh or Pakistan if they still need cheap educated labour but its not so easy in india now.
Yes but still they are paying more in india. Why so.
1. Because India has much better talent.
2. Indians speak much better English than ppl from any of these countries.
3. Indians can work in any time zone easily.
Chief
Why you people keep talking about bubble
Even in stock market you people are scared lol
Yeah, makes sense. I have seen product based companies offering super high salary especially to people in software development (java, python), UI/UX devs(react, angular) , full stack devs, data science, AI ML roles.
For other roles though pay is marginally higher, not approaching the pay for above mentioned roles I believe.
Plus now with blockchain development picking up speed, I think next super high salary will be for web3 developers and blockchain developers, solidity developers.
AM1, care to elaborate why you see massive job loss in western countries? Logically job loss would be due to businesses shutting down or making losses. So how would India benefit in that scenario, since high paying projects are from western countries.
Just trying to understand your reasoning here and research done if any.
One thing to consider is that startups are getting a lot of funding these days and so they have a lot of cash to burn. But is is unsustainable so after they fail in a few yrs/quarters and the funders tighten the purses , these kinds of salaries will become tough .
Fair points mentioned above. There are mitigation plans already in then works to alleviate the great resignation impact to a certain extent - cross skilling junior resources, hiring freshers in large numbers, etc.
The stock market bubble may burst any time and that may bring about a mini recession and job losses. Unfortunately, this is a cycle that is bound to be repeated.
PwC India 1 has a better perspective. Had seen both for and against views about the recent hot market salaries. But his/her was more reasonable and researched. The great resignation phase doesn't seem to end any soon. Companies have to address internal parity. Saw a post few days back a 5yoe new joiner was offered 30 lpa and a 9yoe current employee was having the same ctc in a reputed firm for the exact same role and skills. Now 9yoe felt he is underpaid and was planning to leave. Not sure the new joiner will be able to replace 9yoe w.r.t. work and professional maturity. And, if this goes on wherein everyone starts asking for a fair salary correction not sure how long companies will keep hiring and employees will be leaving. No one talks about this as there is no clarity about this market trend.
Yep. Absolutely. Some top firms and startups still don't budge on their hiring process come what may. Also, their interviews are difficult to crack. But these are the same guys who purely pay based on the interview performance and for them experience doesn't matter. Cctc will also have less weightage. The example I mentioned is just one such case, there are many who have switched a year back and now and have substantial difference in salaries. Lets wait and hope.