Indian IT Companies Among World’s Worst Paymasters
Indian companies came in at the seventh spot on a list of the 10 worst paymasters in the global IT industry.
A survey found that Indian IT companies were among the 10 worst paymasters in the world. A mid-level IT manager draws an average salary of $41,213 while his Swiss counterpart gets over four times more.
According to recruitment platform MyHiringClub.com’s Worldwide IT Salary 2015 survey, India was ranked seventh on the list of lowest paymasters for information technology (IT) managers. China, Czech Republic and Argentina occupy positions 8, 9 and 10 on the list, respectively.
Bulgaria, the worst paymaster in IT this year, pays a meagre $25,680, followed by Vietnam and Thailand.
The impact of outsourcing and off-shoring on IT roles in North America and Western Europe helps explain the pattern of global pay.
— Rajesh Kumar, CEO, MyHiringClub.com & FlikJobs.com
At the other end of the spectrum, Switzerland topped the list for the most attractive average annual remuneration, paying its IT managers $171,465 a year. The same job, if taken in Belgium, which is second on the list, would fetch $152,430, the survey said.
Denmark came in at third on the best-paying list, with salary in the IT sector averaging at $138,920. The US and the UK were ranked fourth and fifth, respectively.
The survey compared the total annual cash compensation and total remuneration information of the mid-career level IT staff at 9,413 companies across 40 different countries between August 1 to August 31, 2015.
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