MNCs pay more to Indian staff

By SiliconIndia   |   Wednesday, 26 November 2008, 05:11 Hrs   |    28 Comments
Printer Print Email Email
MNCs pay more to Indian staff
New Delhi: Indian employees in multinational firms get high pay packages than staffs in other geographies. A report tilted 'Compensation Practices in India 2008' by human resource consulting firm Mercer Llc have found that while the Indian arms of global companies turn to local market surveys to set Indian salaries, they usually position themselves as employers that pay above industry averages, reported mint.

According to the report, these firms target the 65th or 75th percentile of the salary range, rather than the middle, which is the norm in most other countries.

"Firms are willing to be more aggressive in positioning themselves in markets that are growing very fast," said Gangapriya Chakraverti, business leader, Mercer who worked on the report. She said that this phenomenon applied most often to information technology companies, and specifically when they were looking at expanding their India operations.

"We thought companies are fairly ad hoc in the way they manage compensation, but most policies were laid out, and while they were governed by global principles, global companies will customize principles that were unique to the market," added Chakraverti.

Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..