The average salary in the Indian software industry grew by 11 per cent in 2007 compared to a three per cent dip last year, an annual survey conducted by a leading industry analyst said on Tuesday, reports PTI from Chennai.
A nationwide survey by IDC India for Dataquest publication also said that the average per annum salary of Rs 6.2 lakh was significant, considering the 30-40 per cent annual increase in the talent pool of the top 50 companies.
Software R&D firms Cadence, Sun Microsystems and Honeywell Tech were rated as the best paymasters, while seven multinational companies, including IBM, Capgemini and CSC, found place among the top 10 firms.
A typical Indian software professional got an average salary increase of 18.7 per cent in 2007, an improvement over the 18.3 increase last year.
No big disparities
The survey, which covered 2,806 IT professionals in 31 companies, did not find big disparities in salary levels in IT services players, R & D centres of software vendors, MNCs, hardware players and systems integrators and resellers.
HCL infosystems was way down at No 23 in salary rank, but it has topped the charts on employee satisfaction with salary.
While TCS employees ranked their company at No 4 in terms of ‘satisfaction with salary’, it was ranked at No 13 in terms of salary. Infosys was ranked at No 12 in terms of salary but No 28 in terms of ‘satisfaction with salary’.
The survey found that professionals with less than five years of work experience form 70 per cent of the 1.6 million strong Indian software work force. Just one out of five professionals has between five to 10 years of experience and less than one in 10 professionals has over 10 years of experience. While Cadence and Sun are the top paymasters for all employees with up to 10 years of experience, Infosys is more generous towards its senior and experienced employees and one of the best paymasters for professionals between 10-15 years and more that 15 years of experience.
As much as 40 per cent of the professionals who were polled had obtained their qualifying degrees from Tamil Nadu, Andhra Pradesh, Karnataka, Kerala and Pondicherry.
Those qualified from Maharashtra, Gujarat and Goa made up about 20 per cent of the professionals, while educational institutes from New Delhi contribute 6.5 per cent of the professionals.
