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'Indian IT workers among worst paid'

Agencies
Posted online: Wednesday, October 17, 2007 at 00:00 hrs
Updated On: Wednesday, October 17, 2007 at 16:09 hrs


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The impact of the rupee rise and fed rate cut on IT salaries is yet to be seen with appraisals around the corner, but as of now India is ranked fourth on the ten worst IT paymasters globally, a recent survey said.

India remains one of the most favourite outsourcing destinations due to this low cost factor, but the future might bring with itself a completely different scenario, a survey by global human resources firm Mercer Human Resource Consulting said.

"India continues to be amongst the leading destinations for IT development, given its cost advantage. However, salary inflation and talent shortage could emerge as major challenges in maintaining this position in future," Mercer India Business Leader (Information Product Solutions) Gangapriya Chakraverti said.

However, there is an increasing evidence of India's growing stature and presence in the high-end value chain, where cost advantages may not be the only drivers to future growth, Chakraverti added.

While Indian IT managers stood fourth on the ten lowest paying countries with an average salary of USD 25,000, Vietnam topped the list with a meagre average salary of USD 15,470, followed by Bulgaria and Philippines averaging at USD 22,240 and USD 22,280 respectively.

The other countries on the list were Indonesia at fifth with average wages of USD 31,720, followed by China (Shanghai) with earnings of USD 33,770, Malaysia (USD 35,260), Czech Republic (USD 35,880), China (Beijing) (USD 36,220) and Argentina (USD 43,180).

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