Wednesday, December 28, 2005

35 lakhs CTC for a little workex!

My jaw dropped today.And in ample measure!

I had gone to attend one of my relatives' kid's first birthday.And the kid's dad is just a month younger than I am.He is working in a top-notch consulting firm in Bombay and we were catching up after nearly 4 years.It was a pleasure to chat up with him and his wife,and of course play the fool with their kiddo!

As conversation went along,the topic shifted to that of careers and career moves.My jaw dropped wide!This guy told me that one of his colleagues had quit recently to join a software company at the entry level at a CTC of 35 lakhs!A whopping 35 lakhs!That's the kind of money most government sector employees get when they retire after slogging for 35 years!And here is this chap,with close to 4 years work experience in the consulting world and hitting this jackpot at 35 lakhs p.a.That too, at the ENTRY level!

Damn!Why is the software world making life difficult for the rest of us.Its pretty ridiculous.These kinds of compensation structures make the entire concept of a career redundant.Employees in other industries will struggle to cope with the disparity in income levels.Cost of living will automatically go up, because the market will work on the assumption that there is demand,ability and willingness on the part of some sections of society, to pay premium prices for goods and services.But then again,my argument is,there are scores of people,the vast majority,who are not in that kind of an income bracket and will not be able to sustain this type of ridiculous inflation in the cost of living,for NO fault of theirs!Just why,pray why,is the software industry screwing up everybody's lives?After all migration from other industries into the software industry in roles of a domain specialist is not the ONLY alternative for people unable to cope with such crazy disparities!Hell,this guy didn't even have 5 full years of experience!

Gosh,I hope India does well,but what I hope even more is that India takes EVERYBODY along with it while doing well.I just hope the vast majority are not left behind!

5 comments:

Anonymous said...

I hope it does too.....too much income discrepancy in India at the moment. I'm sure it would change soon. lets pray for it!


Rukmani

Rubic_Cube said...

NO WAY CAN THAT BE TRUE!!! Which company is that? I seriously doubt him getting 35Ls p.a. at entry level. Does he know some magic, btw?

dong dong23 said...

tiffany outlet
nike air max 90
nike trainers
michael kors outlet
nike outlet
nfl jerseys wholesale
coach outlet
ray ban sunglasses
louboutin pas cher
ray ban outlet
ray ban sunglasses
michael kors outlet
north face outlet
louis vuitton outlet
true religion jeans
nike air max
polo ralph shirts
nike air huarache
ray ban wayfarer
hollister kids
ralph lauren
michael kors outlet
coach outlet
michael kors outlet
ray ban sunglasses
cheap ray ban sunglasses
coach factorty outlet
nike trainers
louis vuitton handbags
polo ralph lauren
oakley sunglasses
kate spade outlet
michael kors outlet online
gucci outlet
oakley sunglasses
coach outlet
canada goose
louis vuitton
michael kors outlet
jordan retro 3
20164.15wengdongdong

Zheng junxai5 said...

zhengjx20160607
cheap ray ban sunglasses
nike trainers women
celine handbags
replica watches
ladies cartier watches
toms wedges
abercrombie outlet
gucci bags
toms wedges
louis vuitton
burberry outlet
oakley outlet
jordan retro 11
coach factory outlet
air jordan homme
true religion outlet
tiffany and co jewelry
giuseppe zanotti outlet
michael kors outlet
louis vuitton handbags
michael kors bags
nfl jerseys
coach outlet online
air max 95
celine outlet
oakley sunglasses
louboutin femme
louis vuitton handbags
oakley outlet
ed hardy outlet
kate spade outlet
louis vuitton outlet
celine bags
replica rolex watches
adidas uk
mont blanc pen
louis vuitton outlet stores
coach outlet store online
cheap toms
michael kors outlet

柯云 said...

2016-06-30keyun
coach outlet
michael kors outlet
jordan concords
coach outlet store online clearances
michael kors
louis vuitton bags
cheap rolex watches
louis vuitton bags
giuseppe zanotti sneakers
coach factory outlet online
replica rolex watches
replica rolex watches
coach outlet store online
basketball shoes
tory burch outlet
ray ban outlet
kd 7 shoes
ray bans
ralph lauren sale
nike sb dunks
michael kors canada outlet
cheap jerseys
tods outlet store
kobe 8
nike outlet
true religion outlet
toms shoes outlet
longchamp handbags
ed hardy outlet
louis vuitton outlet
cheap toms
celine handbags
cheap basketball shoes
asics running shoes
coach outlet
toms wedges
copy watches
coach outlet
coach factory outlet