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Sambhar Mafia - Cooked To Kill!

Tuesday, September 27, 2005

A reason for Microsoft to cheer

Microsoft has been ranked as the most preferred employer in engineering campuses in India. Microsoft’s arch rival Google was ranked as the second most preferred employer. I think Google is a recent entrant to the campus recruitment process and it might be able to catch up by next year. Earlier this year, Microsoft recruited few Chennai students at a salary package of Rs. 12.80 lakhs. These kind of domestic pay scales are unheard of in engineering campuses.

The survey reveals that two out of three students intend to quit their job before the end of the second year. This must be a cause for concern for the IT majors as they invest anywhere between 3 and 6 months in training the fresh recruits. The control mindset reigns supreme and they try to put exit barriers like ‘Bonds’ to ensure that the freshers stay for a longer period. If the aspiration levels are such that the engineers want to pursue higher degrees, why don’t the recruiters tweak their systems to offer a ‘sabbatical’ to the employee. (Whether or the not the employee wants to come back to the same firm after the MBA is a different story altogether).

11 Comments:

  • I didn't believe when my mom told me this "Microsoft news" . But I don't understand this sentence " will get a package of Rs.12.80 lakhs, including a salary of over Rs. 5 lakhs an annum" . What is that variable component of 7.8 lacs ??

    By Blogger Cogito, at 10:32 AM  

  • @kaps: Yep, adapt or perish.
    1) As you said, they can tweak their systems so employees can take time off for skill upgradation
    2) Create a great work place. When I was still studying, I always thought I'll work for a couple of years max before going for an MBA.. just like the students surveyed here. But now that I've been here at my new workplace.. I am not so sure about going back to do an MBA.. simply because I am enjoying the technical work I am doing!

    When you are in college, you have a certain worldview. It changes a lot when you start working and companies can create an atmosphere where this worldview changes in a way favourable to both the employer and the employee.

    @cogito: probably that oft abused 'CTC: cost to company' crap.

    By Anonymous antrix, at 11:30 AM  

  • 12.8 lakhs per annum is mind blowing. thats an awesome pay for a fresher.

    heard that wipro demands a deposit before you join .. to ensure that people stay with them for atleast a yr. pathetic to hear.

    By Blogger saranyan, at 2:12 PM  

  • most of the big local / indian companies (i guess i mean the tcs, infy, wipro) do offer 2 yr breaks to do a mba / ms with a fresh bond - you have to work a year after you're done.

    By Blogger Prerona, at 3:17 PM  

  • CTC is fairly flexible terminology with every company having its own (abusive) interpretation. I won't be surprised if this 12.8 Lakhs include Rs 1 Lakh for the lunch they provide and other such scenarios. Feel pity about Hindu which writes such ToI-ish stuff on their front page.

    On a side note, the companies should take a serious note of remarks like "Unlike Infosys, Wipro or Cognizant, which take students in hundreds..." by the placement officer. Just two years back, this man must have boasted that Infosys, Wipro recruited in hundreds.

    By Blogger Shashikant, at 7:29 PM  

  • I am not whether 12.5 L is correct.

    Read this: "The seven youngsters, including a woman, who have entered the fourth year engineering at the College of Engineering, Guindy (CEG), will get a package of Rs.12.80 lakhs, including a SALARY of over Rs. 5 lakhs an annum."

    What is the non salary part? That tells you how much is the package really worth.

    By Blogger Chanakya, at 10:24 PM  

  • Hi,

    Came here dunno how :)

    12.8 lakhs for a fresher is awesome. Kudos to the Institution!!!

    By Blogger silverine, at 1:22 AM  

  • @Cogito,
    As others have said, it could be the CTC/variable pay funda. Or they could provide some training which is considered as salary

    @Antrix,
    I guess Indian IT companies have not managed to create that kind of atmosphere and the race to move ahead in one's career pushes techies to opt for a higher degree. Glad to know that u r enjoying ur work.

    @Saranyan,
    Yup! Wipro does demand a deposit for new joinees. Do read the fine print before commenting on the Microsoft pay package.

    @Prerona,
    I wasn't aware of this info. Maybe they have not publicized it among the employees. Do these firms pay for the MBA courses?

    @Shashikant,
    Very true. The college officials in-charge of placements may dump the Indian IT firms if they the MNC's lend a helping hand. During a downturn, they would have to rely on the domestic IT majors.

    @Chanakya,
    As stated above, it could be some sign on bonus, performance incentive / variable pay / cost of training package or some such benefits.

    @Silverine,
    Thanks for dropping by. I think there is some catch is the 12.80 lakhs salary. Nobody is able to decipher the fine print.

    By Blogger Kaps, at 10:20 AM  

  • Well,
    Don't get over-awed by 12.5 figure as it is kind of one time joining bonus, relocation allowances, perks, insurance and some other stuff. The actual salary (which is what we normally mean by salary) is the other figure that was mentioned above(5). The rest is all kind of CTC only.

    You can take this from me as I am working in MS.

    By Blogger Rams, at 6:28 PM  

  • @Rams,
    Thanks for the clarification. I knew it would be something like this. Looks like u r one of the lucky few.

    By Blogger Kaps, at 3:18 PM  

  • With these type of starting salary, I would assume the market gets more competitive in attracting the top talent.Is MS the favourite employer though?

    Hi Rams, Good info.

    By Blogger Venky Krishnamoorthy, at 11:27 AM  

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