Irony of Indian IT firms for (against) their engineers
The way recent talks have come for infosys’ internal issues and the way they are trying to cope up with their image, is not hidden from anyone. The articles that have been published on various platforms, have only showcased the incompatibilities, incompetence and lack of leadership at top level with so called management.
I was reading one such articles named IT firms ganged up to keep freshers’ salary low on The Hindu Businessline. The article beautifully and blatantly puts it in words saying how indian IT firms have ganged up for keeping freshers’ salaries low just to make more profits from them and keep the operating costs low.
Reports indicate that as against offers of Rs. 2.25 lakh per annum that used to go out for freshers two decades ago, they have risen only to Rs. 3.5 lakh now, which suggests a massive decrease in real wages from an inflation-adjusted perspective.
And then I read the article in OPEN magazine: that sites the whooping 55% jump in the salaries of top executives, namely, Mr. Vishal Sikka, CEO, Infosys to shocking $11 million per year. Infosys has got the reputation of keeping average salary hikes in single digits.
Citing from the magazine:
R Seshasayee has denied any wrongdoing and clarified that much of Sikkas’s compensation is hinged on meeting admittedly tall targets: $20 billion in sales at 30 per cent net margin and $80,000 revenue per employee by 2020.
