A recent survey noted that Indian IT companies are among the 10 worst paymasters in the world which is four times less than Switzerland. The survey had been conducted with the mid level IT staff of 9,413 companies across 40 different countries. A mid level IT manager in India draws an average salary of $41,213. India was ranked 7th on the list of lowest paymasters for information technology (IT) managers, down by one position from last year’s. Bulgaria topped the list with a meagre $25,680, followed by Vietnam and Thailand averaging at $30,938 and $34,423.
The list also includes Indonesia at the fourth spot with average wages of $34,780, followed by the Philippines ($ 37,534), India ($41,213), China ($42,689), Czech Republic ($43,219), and Argentina ($51,380). Indian IT mangers drawing an average salary of $41,213 which has affected by the impact of outsourcing and off-shoring on IT roles in North America and Western Europe helps explain the pattern of global pay. The jobs that remain in Western Europe and the United States may be fewer in number, but are more demanding and complex. Lower level roles are moved to the regions where talent is available at lesser salaries.
Switzerland topped the list of countries that pay out the best IT salaries with an average annual remuneration of $1,71,465 followed by Belgium with $1,52,430. Denmark listed at third on the best-paying list, with salary in the IT sector averaging at $1,38,920. The US and the UK were ranked fourth and fifth, with average packages of $1,32,877 and $1,29,324, respectively.
The survey report stated that India is one of the favorite outsourcing destinations due to this low-cost factor but the future might bring with itself a completely different scenario.